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RE: Who Wants 1 SBD = $1 USD?
That stuff flies like a rocket, right over my head! You can trade your SBD on the internal market for Steem. You want the Steem to be cheaper so you can get more Steem at the time of the trade but in the long run you want both to go up together. I guess you pay off the debt that is produced automatically via the 50/50 payout by trading it for Steem. Very confusing to non-economics majors!
I'm glad I'm not the only one it parts the proverbial hair on. I think.
So, the whole peg to $1 USD thing. Please correct me if I'm wrong, but isn't the intent of the $1 USD peg to keep the SBD from ever being worth less than $1 USD, rather than keeping it from ever climbing? And isn't it in addition to that the SBD will always be worth at least $1 in Steem?
Yes, that is true at this point in time. But I believe in the past it also meant that it wasn't supposed to be higher than 1 USD.