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RE: Why It Makes Sense To Pay A Premium For Steem Dollars
Great write up. It is confusing in a lot of ways. I don't trust Tether either and I had followed NuBits for a long time but they had issues keeping it pegged and then the market cap of it dropped way off. I guess everyone stopped trusting it.
Thanks! By "it is confusing in a lot of ways" what do you mean by that? Do you mean my post is confusing? Or the reasons for SBDs trading >$1.00? Or the intricacies of the system? Sorry for all the questions, I just want to make sure I understand what you mean.
I'm just saying it is confusing for people that SBD has went up to where it is and has stayed up. The interest on SBD has been adjusted to $0 so there is less of an incentive to hold it as well.
Ah I see. Yeah, that is confusing! I've put a lot of thought into it over the past month, and now I think I understand why it's happening.