RE: SteemIt Odds and Ends... by whatsup

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Viewing a response to: @drpuffnstuff/re-whatsup-steemit-odds-and-ends-20180122t033150224z

· @whatsup · (edited)
$0.11
Hey good to see you drpuffnstuff.  

The peg works to hold the price up, but if my understanding is correct there is not a mechanism to lower the price of SBDs after they pump.
👍  
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vote details (1)
@drpuffnstuff ·
$1.06
Hmm I thought they changed something as witnesses when it went up to 1.27 a long time ago, back when it bounced between 80 cents and 1.10 often, but what your saying makes more sense. I need to learn more about this pegging concept I guess, it intrigues me and I know sovereign hero was supposed to be a pegged asset, bitgold and bitsilver etc. I wonder how it keeps it at the market price, or how it's supposed to
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vote details (2)