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RE: High SBD or $1 SBD? — Putting Greed Aside, High SBD Is Still Best
The high SBD price today is a direct result of the free market speaking very, very loudly. The very notion of a "stable" currency is the antithesis to the free market. Prices ought to be determined by buyers and sellers, not centralized committees and planners.
"Right now, buyers have raised the price to what is currently, why should developers be able to go and reduce these gains made by investors?"
The developers need not intervene, otherwise we have a new central bank.
That's a perfect comment and why are we worried about ....let the market decide the fate of SBD..is not it ...
Thank you.
This. I found it very confusing, but I believe the internal Steem/sbd market is a price stabilization feature.
Yes, but they would be stabilizing the market by manipulating it with increasing the supply. This dilute the value of our investments. Not to mention it would destroy the market capitalization of SBD
True, but still, is a currency really a currency without 'storing value'? And is value really 'stored' if it goes from zero to a hundred as fast as it goes from a hundred to zero?