CRYPTO PUMP GROUPS HATE HIM!!! THIS GUY FOUND ONE SIMPLE TRICK TO BALANCE HIS CRYPTOCURRENCY!
OK, so this SBD price pump thing is still going,
@blocktrades is out of STEEM POWER because of all the delegations people bought and we're still not quite sure what's happening. But one thing occurred to me today...
People are buying STEEM POWER delegations so massively because it brings nice profit. But when there are no other places where you can buy the delegations, there's no other way than just buy the STEEM and POWER UP.
This increases STEEM price.
This increases SBD supply (more SBD being generated) which brings SBD price down.
In other words, this SBD price pump makes STEEM price go up. This will continue to happen until SBD is worth 1 USD.
Self balancing system at its best - love it :D It also means that, and we can already see this, STEEM price will slowly go up (until SBD is worth 1 USD).
By the way, I recently wrote about proposition to pay part of the curation reward in SBD. What do you guys think about it, would it attract more STEEM investors into the ecosystem?