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RE: Steem Dollars have Limits

in #steemit8 years ago

You state in this post that the rules you put in place make it so that the SBD is worth $1 about 99% of the time. In my experience it is hardly ever worth $1. Right now it is worth around $0.90. I have read your caveat that you make no guarantees, but in the past month the SBD has been worth $1 less than 1% of the time, not 99% of the time.... I'm just wondering why there is such a disparity.

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I think it's partly because many (myself included) didn't understand the role of the smart contract that is the 7 day conversion to STEEM. You and others have done posts on this to explain it so, I think, more people are taking advantage of this now and being rewarded for it. As more people understand this, I think, the price will be closer to $1. Right now, there are just so many technical details to figure out, most people aren't sure what's going on.

most people aren't sure what's going on

Bad information leads to bad decision lead to bad democracy.

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