You are viewing a single comment's thread from:
RE: STEEM Dollars (SBD): Terminal End of Correction Approaching
The whitepaper talks about why there was no reverse conversion. The $1 peg is nothing but make believe at this point...
The whitepaper talks about why there was no reverse conversion. The $1 peg is nothing but make believe at this point...
I find the whitepaper's argument inadequate. It may have been true during the launch, but with the liquidity we have in STEEM now, I don't think it's a valid concern, personally.
But yes, I agree with you, the $1 is so broken as to be just make believe (unless it goes below $1).