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RE: Steem Backed Dollars (SBD/BTC): BREAKOUT soon.
Parity can only come back by market demand, mostly from Korea. It can't be forced. Of course theoretically SBD should only be $1USD, but with it listed on exchanges, there is no chance of maintaining this.
I'm not sure why they made it harder to change between 50% and 100% SP. In the current market its crazy to 100% power up anyway. It could very well be the case that they want you to spend and burn the SBD.
Valuable info, specially from a 64 rep user!
Why is crazy to 100% power up at current market? Isn't it the best strategy ?
I agree they want us to spend our SBD.
But then the point is: why SBD is needed if is not worth 1$ and is no parity?
Then the use of SBD in the Steemit platform is useless.
SBD/USD can be kept quite steady - burning off STEEM and converting to SBD, or vice versa, should help keep the price somewhat regular. Not sure if the platform supports that as it is now, but it is theoretically possible.