Have you considered that the way the Steem Inc operates is kind of unethical? They are offering a pegged crypto that sometimes pumps up to 10 or 20 dollars and goes back to 1$. You may argue that it is the fault of the investor to invest irresponsibly but still raises the question of why a pegged coin is hyped up so easily. And why the creators shouldn't be held responsible for it?
Also, they are specifically paying you and other public figures to get more people to promote it so that the top 0.01% can get even richer. Your one word comment will always be worth more than the guy who worked for three hours to write an excellent blogspot if he doesn't get noticed by a whale or someone with a high SP.
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 $1 are available but manipulating the price lower could create long term inflation and a long term issue with SBD value. Not sure how Steem Inc is supposed to be responsible for a pump of SBD on the open market. I see that you have taken advantage of the SBD price. . not sure where ethics come into play here.
No, nor do most average investors buying Steem in the market.
I figured that out considering that it only pumps one way and higher than 1$ 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
any time I hear someone use the word 'unethical'
I check my wallet.
I realy second you for that