Did you read the whitepaper? SBD is a floor peg, meaning that witnesses have tools to increase the value to $1 if the price falls much below, but open market activity could drive the price much higher like we are seeing now. . The tools that witnesses have to decrease the value back towards a $1 are available but manipulating the price lower could create long term inflation and a long term issue with SBD value. Not sure how Steem Inc is supposed to be responsible for a pump of SBD on the open market. I see that you have taken advantage of the SBD price. . not sure where ethics come into play here.
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No, nor do most average investors buying Steem in the market.
I figured that out considering that it only pumps one way and higher than 1$ and almost always stays at 1$.
In other words you are agreeing with my point that it can't be pegged?
Because they made a pegged coin that has loopholes to make it unpegged?
Why wouldn't I? I am not the one responsible for managing the price. That's the job of witnesses. It is their failure.
Read the white paper before making comments and you may get your answers as it clearly states what type of peg SBD is and the job of the witness. Drastic decisions should not be made for short term moves in the market. If you don’t understand market mechanics then keep your comments to yourself, makes you look uneducated
yup
well said my good Sir