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RE: Witness Discussion – SBD price and reverse peg

SBD was designed to track the USD and it currently does to some degree. But with the latest pump pushing more and more money into it, getting down to $1 is taking longer.

I have already made my case for the peg. It is like paying $7 for a $1 giftcard and calling the person insane who wants the price to go down to $1 again. Sure you can do that.

I think holding SBD currently is really risky. If you sell them you get the profit. And maybe next month it is at $1 again anyway. Please red up on how SBD works and how inflation rises with price and what that means. To support a $7 SBD we would have to remove all existing peg.

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Why the actual fuck would you want it to go back to $1 USD?