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RE: Unpegged SBD: A Pointless Speculative Asset
I know for a fact that the witnesses have zero intention and will never remove SBDs unless a large enough population mobilizes against them which I don't see happening.
As for investors pulling out of Steem if SBD's plummet back towards $1, that might not be a bad thing. It helps to reset the market and return things to normalcy. It also helps to remove some of the short-term profit driven investors. It's not really our responsibility to make sure that they do their due diligence and research their investment by reading whitepapers and understanding the mechanisms behind different currencies on the blockchain.
Good to know...
Me neither... One correction here: It's not the size of the population that matters but the number of vests that you can mobilize. That is what drives the witnesses, because your vote for witness only counts as much as you have vests.
I didn't have time to look up the vest structure, which is basically equal to the ownership structure, but I have a hunch that the vast bulk of vests are in the hands of users who don't respond to the SBD issue (or maybe profit too much from it and don't want to change it).
So, I guess the next step would be to look up:
;-)