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RE: Welcome Back STEEM BACKED DOLLARS (SBD) - [steem] [blockchain] [rewards]

in #steem • 5 years ago

Hello @drutter The thing with SBDs is that it is supposed to represent the Steem economy as a mature market, where the price of Steem coins can rise or fall, but in theory, the price of SBD is supposed to remain at $1 US Dollar or very close to that. This would thus eliminate vendors' and buyers' worrying about the Steem price fluctuations when using SBDs since they are supposed to "always" be $1 Dollar.
If SBD can become a true stable coin, this could bode well for the overall value of the STEEM blockchain, and Steem coin. We'll see.

5 years ago in #steem by
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     5 years ago 

    That sounds fun but doesn't make any actual practical sense to me. "Should be" and "supposed to" don't matter in the real world of finances. Nothing about SBD is stable or useful.