Viewing a response to: @samupaha/re-jacobtothe-re-samupaha-sbd-is-broken-why-not-just-remove-it-20170528t065456155z
Market demand trumped price controls. What a surprise. But that demand bubble is tapering off rapidly. I do like the volatility mitigation concept even if it doesn't entirely work as planned.
| post_id | 3,133,992 |
|---|---|
| author | jacobtothe |
| permlink | re-samupaha-re-jacobtothe-re-samupaha-sbd-is-broken-why-not-just-remove-it-20170528t070642741z |
| category | sbd |
| json_metadata | "{"app": "steemit/0.1", "tags": ["sbd"]}" |
| created | 2017-05-28 07:06:45 |
| last_update | 2017-05-28 07:06:45 |
| depth | 3 |
| children | 1 |
| net_rshares | 0 |
| last_payout | 2017-06-04 07:06:45 |
| cashout_time | 1969-12-31 23:59:59 |
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| root_title | "SBD is broken, why not just remove it?" |
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| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
The pegging mechanism should work in different situations, including the one we are in now. Of course nothing can guarantee a perfect peg but if the price is seriously off for more than 24 hours, the system is broken.
| post_id | 3,135,193 |
|---|---|
| author | samupaha |
| permlink | re-jacobtothe-re-samupaha-re-jacobtothe-re-samupaha-sbd-is-broken-why-not-just-remove-it-20170528t081233518z |
| category | sbd |
| json_metadata | "{"app": "steemit/0.1", "tags": ["sbd"]}" |
| created | 2017-05-28 08:12:33 |
| last_update | 2017-05-28 08:12:33 |
| depth | 4 |
| children | 0 |
| net_rshares | 0 |
| last_payout | 2017-06-04 08:12:33 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 SBD |
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| body_length | 217 |
| author_reputation | 43,651,583,224,016 |
| root_title | "SBD is broken, why not just remove it?" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |