RE: What Will Happen With The Steemit Rewards After SBD Gets Back To $1?

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masterroshi (57)in #steemit • 7 years ago

for steem to remain at $1 peg wont it run into the same issues tether is running into now? as far as accounting, liquidity and auditing?

Can we have a truly pegged currency that is not backed by a government/bank?

7 years ago in #steemit by masterroshi (57)

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dragosroua (75) 7 years ago

for steem to remain at $1 peg

Probably you meant SBD, not STEEM. And no, it won't need any intervention because it's not backed by hard cash, it's a soft peg.

$0.00

masterroshi (57) 7 years ago

Ah that makes a world of difference. I wasnt aware of that fact.

$0.00