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RE: I submitted my first hardfork pull request to the Steem blockchain! (Updates to the SBD print rate.)

in #steem • 6 years ago

Yes, you can break the peg by making steem go to 0, which is a possibility. It went to near-zero and stayed around there for a good while actually. I'm holding SBD in case we get a huge break to the downside and get more than 1 steem per sbd again and feel like it would be disingenuous of me to invest in any other blockchain at this point with my steemit earnings.

6 years ago in #steem by
$0.05
  • Past Payouts $0.05, 0.00 TRX
  • - Author $0.04, 0.00 TRX
  • - Curators $0.01, 0.00 TRX
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     6 years ago 

    No

    $0.72
    • Past Payouts $0.72, 0.00 TRX
    • - Author $0.54, 0.00 TRX
    • - Curators $0.18, 0.00 TRX
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     6 years ago 

    no? does that mean you disagree? if so please explain.

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     6 years ago 

    That is not breaking the peg, that's breaking STEEM. the SBD would still give you $1 worth of steem which realistically i dont see ever going to zero. Sure it could go to near zero but someone some where will still give you something for it. even if it's 1 billionth of a cent then it just give you 1 trillion steem for it. But like i said the risk of it being worthless is why the SBD rewards you with a yield.