I understand that SBD was designed to represent roughly 1 USD. This was a good starting point. However, over time a seemingly valueless SBD has grown to have a much larger value than ever anticipated even surpassing Steem itself. I think that in some ways this is a reflection on the value of good conten on the platform and the power SBD has through multiple facites to eventually be transferred to Steem. If we force a pegged value on SBD then we are saying that the good content here is now less valuable. What does that say to the people that work hard to produce that content? Furthermore, we are already dealing with a huge disparity between the haves and have nots here. It is hard enough now for minnows like me an many others to get traction and grow. If we have our rewards cut 4 times then we will never see positive growth. This would only serve to keep the power players in full control. Let the platform and the market decide!
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Thank you for the comment, we agree that the market should dictate, and high rewards will attract more bloggers, in our opinion.