I am just wondering why would you like to lower the price of sbd while others are happy of its rising price? Why not just enjoy the price right now. Good luck on your goal though.
I am just wondering why would you like to lower the price of sbd while others are happy of its rising price? Why not just enjoy the price right now. Good luck on your goal though.
It's a bit more complicated than that. SBD is not really an independent token, it's more like a smart contract on the Steem blockchain and it's backed by STEEM. Any imbalance on the expected price of SBD, which should be stable, will have negative impact on the STEEM price. As long as SBD is stable, there's nothing to worry about (even if it trades at $5 or $7), but if we see spikes as high as 10x or 12x then something must be done, otherwise the value of STEEM will be negatively affected. There are a few witnesses which are adjusting their price feeds in order to ensure stability for SBD.
ok sir you know it better. If it is for the betterment of steemit it is good. keep the good work. Most redfish like me really don't know about what is happening behind the scene of the blockchain of steemit. I am not holding sbd so it is ok, because I believe that steem will eventually surpass sbd price in the future. thanks for you effort as witness... I will be voting for you then.
Thank you, appreciate your support :)