The recent devaluation of STEEM/$ vs SBD makes SP less desirable of a holding. I would think more SBD supply creation would deflate the value and push it closer to $1, making STEEM relatively more valuable and desirable as a long term hold? I must be missing something...
There wasn't really a price-stable currency in the crypto world. SBD's purpose was to provide a stable currency.
The recent devaluation of STEEM/$ vs SBD makes SP less desirable of a holding. I would think more SBD supply creation would deflate the value and push it closer to $1, making STEEM relatively more valuable and desirable as a long term hold? I must be missing something...
Although, in reality, SBD's price stability has left a lot to be desired.
😂😂😂