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RE: No more SBD
There would be benefits to have a Steem-backed dollar in the future but, it isn't working if it isn't pegged.
There would be benefits to have a Steem-backed dollar in the future but, it isn't working if it isn't pegged.
That's the big thing: the peg doesn't work. Combine that with liquid rewards being heavily biased towards SDB, and you have Steem with very little utility value because it is less convenient to access than SBD is. The only reason we are getting Steem in our liquid rewards is because of its low price. If the peg was working, and we could choose liquid Steem as part of our rewards distribution, I think the economics would work a lot better, and Steem may actually be able to go up in value, and stay there, leaving SBD to be the 1USD debt token it is supposed to be.
Someone named Smooth said just the opposite....not sure others were convinced
https://steemit.com/sbd/@themarkymark/sbd-print-rate-0
In general, when @smooth gives a perspective on how things operate, it is worth a good read as he is very experienced with the platform and, the dynamics that effect it.
Thanks, that's good to know. High reps don't always highlight expertise...you'll get on a thread about the cypto market and someone in the comment section will say they don't know what they are talking about. (at least that's a nice interpretation of what's said...lol)