SBD / Steem Dollars as you can read in your wallet "Tokens worth about $1.00 of STEEM" So one sbd should be around $1, so i really don't understand what happend right now since it is around $4. But i can tell you that steem will rise :)
From what I've gathered, there is a mechanism that ensures that you can trade in your SBD for $1 worth of STEEM, based on the rate which is set by witnesses. So that is a nice insurance, it means SBD won't really go lower than $1. But the other direction, there is no mechanism at all to keep SBD no higher than $1. You can trade it on the open market so it could go as high as anything else.
That is a good point it is like crypto insurance and when you look at crypto it has a small amount out there so the value is going to go up if others want to use it. and as it has not cost to send. It is really a cool crypto and shows the future of SMT is huge for STEEM as a whole. I look forward to seeing where we are a year from now.
SBD / Steem Dollars as you can read in your wallet "Tokens worth about $1.00 of STEEM" So one sbd should be around $1, so i really don't understand what happend right now since it is around $4. But i can tell you that steem will rise :)
So I do not understand anything. And about 4, it was a long time.
It's 4.6 right now. but the idea behind steem dollars is that it should always be around $1 worth. Steem / Steem power should rise :)
From what I've gathered, there is a mechanism that ensures that you can trade in your SBD for $1 worth of STEEM, based on the rate which is set by witnesses. So that is a nice insurance, it means SBD won't really go lower than $1. But the other direction, there is no mechanism at all to keep SBD no higher than $1. You can trade it on the open market so it could go as high as anything else.
That is a good point it is like crypto insurance and when you look at crypto it has a small amount out there so the value is going to go up if others want to use it. and as it has not cost to send. It is really a cool crypto and shows the future of SMT is huge for STEEM as a whole. I look forward to seeing where we are a year from now.