Viewing a response to: @jacobtothe/re-samupaha-sbd-is-broken-why-not-just-remove-it-20170528t061348756z
It's a proof that the pegging mechanism doesn't work.
post_id | 3,133,728 |
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author | samupaha |
permlink | re-jacobtothe-re-samupaha-sbd-is-broken-why-not-just-remove-it-20170528t065456155z |
category | sbd |
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root_title | "SBD is broken, why not just remove it?" |
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because we didn't had any mechanism for pushing price down. We just need to add what timcliff proposed, and thats it.
post_id | 3,133,875 |
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author | noisy |
permlink | re-samupaha-re-jacobtothe-re-samupaha-sbd-is-broken-why-not-just-remove-it-20170528t070126406z |
category | sbd |
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created | 2017-05-28 07:01:27 |
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root_title | "SBD is broken, why not just remove it?" |
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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 |
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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 |
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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 |
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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 |
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root_title | "SBD is broken, why not just remove it?" |
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