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General Discussion / Re: At least BTS outlasted NuShares
« on: June 09, 2016, 05:23:23 pm »So this comes with the disadvantage that there may potentially be a much smaller supply of SD than the demand for it. If this is still true despite dropping interest rates to 0%, then SD will have a large premium over the dollar. This is nothing new to the BitShares community. Even with the shorting-to-existence ability, BitUSD has experienced premiums over the USD as well. But with stronger limits to the supply of SD, I wonder how it will manifest in SD's ability to maintain the peg.
I've hardly looked at it but I would guess Steem & SBD should fail faster than any stable currency to date imo.
Either it will fail in the sense that Steem can't support the redemption of the SBD that's been awarded prior to July 4th & Steem will become fairly worthless or if there's some limiting mechanism which I believe there is, it will fail in the sense that you can only redeem your SBD at 0.1% a day or some other non viable amount. (In which case Steem will seem like a soon to be bankrupt bank no-one would want to have dollars in and shareholders would be racing for the exits too.)
You quite unfairly took all the choices... but let me try to grab the last one... steem will fall because it is idiotic...
and no, there is no limit on how much SD you can redeem (after you wait 7 days and redeem at the median price during that period that is)
but redeeming at 0.15 usd / steem and waiting in line to sell at 0.015 or 0.001 will provide enough entertainment... I think.