"reverse convert" STEEM to SBD I say:
NO
Will write a post explaining why the SBD is doing much better than the USD. They are VERY different...
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"reverse convert" STEEM to SBD I say:
Will write a post explaining why the SBD is doing much better than the USD. They are VERY different...
I look forward to reading it. Please share a link here.
One thing though. There is a difference between SBD gaining value on the USD, and it being a drastically fluctuating currency. If it was just a matter of being 'better' than USD and was consistently about 2x as good - that would actually be OK.
The problem is that today it is 2x as much. A few weeks ago it was 6x as much. A few weeks from now it could be worth less than a USD.
If it is fluctuating so drastically, then it loses it's main value proposition of being a stable currency. If we are going to see drastic swings of that magnitude, then why not abandon SBD and just have STEEM as the one and only currency?