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RE: YOU Can Get STEEM or SBD on an Exchange
STEEM and SBD are very different beasts. STEEM should be listed on as many exchanges as possible and should be part of as many trading pairs as possible, not just the obvious ones. And not just for trading, I'dd be ecstatic if @blocktrades would add ZEC/STEEM conversion for example.
Any witness who could contribute to this should have our votes.
SBD though is a whole other matter. More exchanges mean more exposure to peg-breaking pumps and other malicious price manipulations. I would go as far as to say that getting SBD "unlisted on exchanges that have it listed, given the current pegging issues, should be something even more deserving of our witness votes.
SBD is a major stream of money into Steemit. As SBD increases in price, this magnifies the revenue into Steemit. That benefits Steemit economy.
It is counter intuitive to fix a currency by not using it.
If we limit SBD use and accessibility, that would be bad for the Steemit economy.
What is bad for the steemit ecconomy is a coin that is supposed to be pegged getting pumped to a value an order of magnitude above its supposed peg. The value of a pegged coin within the STEEM ecconomy is that it allows a services ecconomy to blossom. Before the pumps SBD was moving us into that direction. Now trust in SBD as a stable value coin is at an all time low and it will take effort and time for trust to return. The last thing SBD needs right now is more exposure to external market forces. Maybe in term the peg could be fixed with more aggressive measures such as a double hard-code-tradepoints peg solution, but untill the peg is made stronger and trust in the peg has returned, listing SBD on more exchanges will be a sure way to forever destroy what remains the justification for its existence.
It is not that complicated really. If SBD can't be made into the price-stable services-trading token it was designed to be, a large part of the potential ecconomy wil continue to lay dormant and SBD will have zero continued justification for its existence next to STEEM. We don't need SBD to become a second STEEM, we need it to become the backbone of a resurected and blossoming services ecconomy.
When SBD was over inflated, Investors on exchanges were paying for Steemit economy and all the users were benefiting from that extra revenue. If there had been no pump and SBD held the $1.00 price, then none of that explosive growth would have taken place.
The Steemit economy today is producing 60K transactions per day and holding which is a gauge of Steemit usership. Compare that to when the price of SBD before the pump. It was around 20K transactions per day. We would still be at 20K transactions per day if there was no SBD pump. Considering how much the market fell, it may even be less than 20K.
Ok, so investors got duped and users lost the chance on having a full fledged services ecconomy. Platform market cap at same level as before the pump despite of 3 times the transactions and this is a good thing ? Sorry but I truly don't know how to respond to that.
I don't think rehashing what I already said or pointing to what SBD was designed to be is going to change your mind on this one.
I can only hope no witness will be convinced by this reasoning and will contribute to the demise of SBD in the way you are advocating.