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RE: Attention Keynesian Meddlers - SBD Floor ("Non-Peg") Is Working As Designed
If people get more than they should, they will not complain :-)
Good thing if SBD is fixed at 1$, it could be competition to bitUSD and Tether.
Get out of this nonsense and fantasy of competition to bitUSD and Tether, a traders only true friend to maintain value is a conversion back to respective fiat, whether that is USD, GBP, etc,...These pegged base assets are doom to fail or out fraud, for now there isn't system within crypto that can maintain the legality of pegged asset...The other narrative of appeal to vendors is another fantasy and nonsense story, SBD is far better off as a floating currency with a guaranteed floor of 1 USD and imaginable upside, lets the traders, speculators and investors determine its value and innovation within the Steem ecosystem give it more use case...We have this fantasy that writers/ bloggers/ vloggers give Steem ecosystem value or add further value, that's nonsense, its the traders, speculators and investors, the bloggers/ writers content to add value, Steem has to a be a subscription base platform where readers readily pay fees to access the content...