Only way to peg any currency to another is to actively trade it... In the early days I complained that there needs to be STEEM-SBD pair in all exchanges that have either one listed...
There is a STEEM-SBD pair using the internal market with no fees, no censorship, etc. I don't really see what STEEM-SBD pairs on centralized exchanges would add. Now SBD-USD pairs or that sort of thing could definitely be more useful.
Obviously that would eliminate unnecessary withdrawal fees when moving coins back and forth between steemit.com and the exchange... Trading fee is in some cases less than withdrawal fee.
Only way to peg any currency to another is to actively trade it... In the early days I complained that there needs to be STEEM-SBD pair in all exchanges that have either one listed...
There is a STEEM-SBD pair using the internal market with no fees, no censorship, etc. I don't really see what STEEM-SBD pairs on centralized exchanges would add. Now SBD-USD pairs or that sort of thing could definitely be more useful.
Obviously that would eliminate unnecessary withdrawal fees when moving coins back and forth between steemit.com and the exchange... Trading fee is in some cases less than withdrawal fee.
Agreed that SBD is not all bad ... just we need a better mechanics.
Having a nice stable coin can attract investors for its self.