RE: I submitted my first hardfork pull request to the Steem blockchain! (Updates to the SBD print rate.)

You are viewing a single comment's thread from:

RE: I submitted my first hardfork pull request to the Steem blockchain! (Updates to the SBD print rate.)

charitybot in #steem • 7 years ago

Yes, you can break the peg by making steem go to 0, which is a possibility. It went to near-zero and stayed around there for a good while actually. I'm holding SBD in case we get a huge break to the downside and get more than 1 steem per sbd again and feel like it would be disingenuous of me to invest in any other blockchain at this point with my steemit earnings.

7 years ago in #steem by charitybot

0.00 BPC

1 vote

Sort:

Trending

[-]

knircky 7 years ago

0.00 BPC

1 vote

[-]

cryptoeconomist 7 years ago

no? does that mean you disagree? if so please explain.

0.00 BPC

1 vote

[-]

cryptoeconomist 7 years ago

That is not breaking the peg, that's breaking STEEM. the SBD would still give you $1 worth of steem which realistically i dont see ever going to zero. Sure it could go to near zero but someone some where will still give you something for it. even if it's 1 billionth of a cent then it just give you 1 trillion steem for it. But like i said the risk of it being worthless is why the SBD rewards you with a yield.

0.00 BPC

1 vote