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RE: Go home SBD, you're drunk! How to maximize your author rewards
What actually happened is some trading pool or pools in Korea juiced SBD bc it was juicable (light trading, hard to sell by those who own a lot of it). Really nothing to do with the $1.00 mechanism or steemit accounts. We can see this by the trading volumes on exchanges which allow SBD trading, look for the volume and you can see who's doing the "juicing".
Everything to do with the mechanism. If the mechanism had a means of rapidly printing SBD to suppress the price, SBD wouldn't be "juiceable."