Conversation
Notices
-
HallÄ Kitteh (clacke@social.heldscal.la)'s status on Tuesday, 23-Jan-2018 12:23:15 UTC HallÄ Kitteh Interesting.
The STEEM Dollar (SBD) is supposed to be pegged to 1 USD.
I'm assuming it's like the BitUSD, which is pegged only downward, not upward, because it's now fluctuating between 5 and 6 USD. Until November it was at 1 USD as designed.
If it works like BitUSD, why isn't someone creating great amounts of SBD from STEEM and shorting them to bring the price back down and earn a lot from the arbitrage?
!cryptocurrency