Currently though I, as of this writing, you get $1.14 for a Steem Dollar. I got 1.30 the other day. When that happens, that gives a reason to move Steem Dollars out of Steemit.
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Currently though I, as of this writing, you get $1.14 for a Steem Dollar. I got 1.30 the other day. When that happens, that gives a reason to move Steem Dollars out of Steemit.
Yes, and then what happens to the price of the Steem Dollar? It drops to below $1. And then what happens? People buy it because they know it will go up. This is, again, part of the design. It is not a bug, it's a feature. The price is stable it is not stationary.