Ok, a couple of things in response to this post:
- The parity is maintained by collateral in the form of steem, what this means is that 1 SBD will always be worth 1 dollar worth of steem. This alone should stop SBD price from falling too much, if people are selling there should be others buying cheap and converting.
- You are right about the witnesses price feed, they should be providing an accurate price in order for the system to work, I believe that most witnesses are but if they are not you and the rest of the community should vote them out.
- The interest rate is at a 10% which is an agreed numbers between the founders and all the witnesses, you can´t simply change this because SBD is trading at 90 cents... this is something that should be discussed and voted upon.
Regards!
RE: Do Your Part to Restore the SteemDollar Parity.