RE: Witness Discussion – SBD price and reverse peg
First off thanks for bringing out this discussion for all, @reggaemuffin.
It makes the community work much better by having input from all participants.
I personally believe SBD when created to always be pegged to the USD and want it to continue doing so. Just because there is huge demand and limited supply should not allow speculators to re-adjust the value of it. The 50/50 will benefit the whales more because they usually have the most earned. In my opinion whales are behind this over extend price of SBD. Minnows like me are trying to capitalize on this but the reality is in the long run it is hurting the community more than helping. The fractions we get from the higher SBD to Steem is nothing compare to how the whales are spending the SBD. Sorry I do not know what needs to be done to get us to the 1 SBD to 1 USD. Just wanted to vent. Thanks.