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RE: Steem Dollar, WHAT a JOKE ...!
That's not How it is supposed to work...! If I'm not wrong , SBD was created to be valued 1$ each! Too easy to change rules when you're full
That's not How it is supposed to work...! If I'm not wrong , SBD was created to be valued 1$ each! Too easy to change rules when you're full
Yes that is in theory. In real world supply and demand takes over. Bitcoin was not designed to be 18K but it reached that point. No cryptocurrency can be algorithmic controlled for market demand and supply. You can see that rich and mafia's investing into bitcoin and blockchain increasing value of money these days but it will eventually hit the threshold. You can create a crypto to peg on the 1 USD value but if market demands more then value eventually increases due to set of availabe coins being limited in market. More coins get mined value gets reduced till another round.