STEEM, SBD, Bitcoin, and Bitcoin Cash Price Data for 2018-03-14

current rank: 28
current price: 2.0927 USD 0.00025531 BTC
24 hour volume: 5279240.0 USD
24 hour percent change: -7.61%
market cap: 529524900.0 USD

I read your response to smooth account with regard to burn rate and SBD situation, I strongly believe the attitude of witnesses isn't well thought out and its a drag on price action of Steem and SBD....Nothing works better than the free market, letting the free market determine price base on supply and demand, the negative attitude and burn rate experiment with the view of taking down the SBD price would drag Steem price lower... Let SBD be a free float with a guarantee it won't be below a dollar, encourage users to take advantage of high SBD to convert to SP if they wish or cash out as they please...Witnesses need to remember the inflationary model and print rate of Steem in the beginning is largely responsible for the lack of price action as the circulating supply is so high... Floating SBD would help support the price of Steem if users are encourage to lock more Steem is Steem power....I always encourage free market dynamics, pegged base currency are controversial and fraudulent, for now traders best bet as a way of managing volatility is converting their profits to fiat and possible catching the market on any possible dips, you seem to be a smart guy, the current print rate of SBD is ridiculous and this experiment isn't well thought out...

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abirabir1 (29) 8 years ago

So nice post my friend

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