There is a huge amount of volume on UPBit coming out of Korea again buying up the Steem Backed Dollar for some reason. It doesn't really make sense because the STEEM dollar is supposed to be pegged to the US Dollar but it is trading around $8 again which is unreal to say the least.
▶️ DTube ▶️ IPFS
Tons of new people everywhere, let the asians pump it up lol :)
It is nuts. Almost like they are more into STEEM Dollars than STEEM. Hahahah. I don't know what is going on but I like it!!!!
You see no complaints from me lol
Thanks for sharing, Brian. I am happy to see SBD go up because that means my money is worth more =)
Yeah it really is good for us!
Thanks for the video. Nice one
Nice Post
Dope video!
In order for the peg to work there must be some sort of mechanism to pump the price below par and debase above. I think for it to work the Blockchain would need access to all market data and have the ability to print or buy as much SBD needed to restore the peg. Ultimately SBD might need to be delisted from every exchange beyond the Blockchain’s steem/sbd pair. I don’t think that is possible so we may never see the usd peg work properly.
Interesting man. I never saw it as that, where you can look at the exchange platform alone and see where the volumes are coming from.
So viele Trends,
und ja es war schon interessant wie es erklärt hast.
Danke dafür brianphobos
so many charts,
and yes it was interesting as it explained.
thanks for that brianphobos
I've been wondering if/when they will fix the broken SBD peg. To be completely selfish about it, I have been hoping they don't as it works great right now to build up by crypto portfolio a bit, but I don't know if it is having a negative effect on the perception of Steem. However I got to thinking the other day that I'm not sure if the broken SBD peg actually CAN be fixed. SBD and Steem are the rewards paid out on posts, and there is a calculated amount of Steem put into the reward pool daily. So I'm wondering if they planned on SBD always being pegged at about $1 then I don't see how they could fix the broken peg without it changing the whole system. Which may be why SBD is becoming so popular, you earn it basically for free from posting on steem, it pays out as if it is $1 per SBD, then can be sold at 8 times that price. I'm wondering if it has gotten stuck in some kind of self perpetuating loop?
Brian! How are you?
I hereby challenge you to write a post about you, who you are, what you like, what you do and what you'd like to do in the future. I really appreciate your posts, but I don't know very much about you.