The steem platform was designed with Steem, SBD and Steem Power driving the Steem economy. In my opinion the combination of these currencies and mechanism of influence is working nicely together.
This post is nothing more than a question to the community would love to see answers in the comments section.
Quick recap
What is Steem?
Steem is the fundamental unit of account on the Steem blockchain. All other tokens derive their value from the value of STEEM. STEEM is a liquid currency, and therefore can be bought or sold on exchanges, as well as transferred to other users as a form of payment .What SBD?
SBD is a stable currency which were designed to create stability in the Steem Economy where one SBD can be converted into one US Dollar.What is Steem Power?
Steem Power allows users on the Steem platform influence in the form of voting etc. Steem POwer or SP cannot be traded on the Crypto Exchanges.
SBD is currently trading at more than $10
Over the past few days SBD has been trading at much higher than usual rates and in my opinion this is not a bad thing. At the end of the day we all want more and more users to join the platform. I have not done much research on how this higher value of SBD is influencing the economy, and if this is actually a bad thing. I have also not researched what is causing this massive increase in the value of SBD.
I do know that it will probably take some time to move the peg back down to $1, but my question is why not peg SBD at a higher ratio to the US Dollar?
