RE: SBD peg is dead by smooth

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steem · @smooth · (edited)
$0.02
STEEM only needs to go to 40 cents to restore the peg at $1. This price declines steadily as SBD is converted and its supply declines. Over the past several days this peg-to-$1 price has dropped from 41.5 cents to 40 cents.
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vote details (2)
@pangoli · 
Glad to hear this.
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@littleboy ·
$0.10
Mine was an estimate. In order to make sure I was correct, I overstated a little. But I doubt 40 cents will restore the peg if the current sell pressure of SBD continues. I would say it's in the range of 50 - 60c. 

Also, it isn't quite mathematical. It depends on SBD buy / sell pressure as well.
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vote details (1)
@smooth · (edited)
$0.03
40 cent STEEM will restore the ability to convert SBD into "about $1" of STEEM (instead of about 58 cents currently). As for market price you are correct that is subject to market forces.
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