Yes, 100$ SBD seems astronomic and incredible to say the least. I don't think SteemDevs and Witnesses will allow such a thing to happen. However everything is possible in this market.
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Yes, 100$ SBD seems astronomic and incredible to say the least. I don't think SteemDevs and Witnesses will allow such a thing to happen. However everything is possible in this market.
I really do not believe they have to do anything.
As long as people take 50/50 payouts, there will be more SBD created which, at a certain point, will crash the price.
We were at 3.5M when the peg broke now we are over 7M...
At what point can the market not handle it? I dont know the answer to that but I do know there is a point.
The one benefit is that Steemians can really power up while there is the disconnect and people outside are paying up for something that can ultimately be redeemed for only a dollar worth of STEEM.
Agree! Biggest winners from this are the voting bots in my opinion. Their owners are making big bucks.