SBD is not what deters new users. Cryptocurrency might, but the SBD isn't specifically deterring users as I know that it's far easier to relate to for a crypto noob than the now highly liquid steem token. Imagine writing your first post and getting $100 dollars, then going away and coming back a week later to find out it's now worth $50. If you're used to crypto you might be OK with that, but for people who are new to it, that's a total turn off.
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Exactly. I know some of my friends that have joined and are now posting on Steemit would not have joined if the only rewards we Steem. The SBD's peg to the dollar and the interest it earned was a big selling point for them and made it easier to understand.
Plus, I think only having the Steem to trade right now would flood the market even further and drive the price lower. We haven't even moved past the 13 weeks change in the power down time since the last fork. We all knew the price was going to go down again. I don't think it's a good idea to kiss SBD goodbye. I'm for keeping it.
I was not necessarily asserting that SBD in itself was deterring new users from the platform. It is the fact that there are two crypto-currencies involved with the site rather than one that may overwhelm some new users.
I know at first I was confused about why there needed to be two different currencies. I stayed and found out, but that doesn't mean that every oneelse will.
Making things as simple as they possibly will provide new Steemians with the most user-friendly experience that could be offered. It is my opinion that this will do wonders for user-retention, and in the long run the growth of the platform.
I don't think 2 crypto's is deterring users I think crypto itself is. You read it's a "token" and suddenly it's not money. Even though that's exactly what a dollar bill is - a token of debt!
When I saw 3 cryptos I find SBD the easiest to understand and quickly concluded that that's the only one I need to know about. With time and presence on the platform I appreciate steem a lot more, but that takes time and I was NOT new to crypto when I came here! So it's much harder for those who are.
I understand your perspective and it holds water too. Though, most people who are advocating your position to retain SBD in the comments are expressing STEEM's volatility to be a significant cause for its difficulty with new users.
@thecryptofiend's comment below does an excellent job of delineating the role that SBD plays in that volatility. Should SBD be removed from the equation, then we may very well see the price of STEEM stabilizing, negating at least one of the complexities of STEEM for new users.
By the way, there is one thing they could do is make this more relateable to what people already know. Tokens/Steem/Steempower should be credits , or something. So Steem Power would be SuperCredits . Or, let users flip between ways of displaying it default to $ dollars and credits , but let crypto peeps flip it to the perspective token names steem / steempower . Also, maybe people can have the option of tucking away ' steem savings , steem power' I mean not everything has to be displayed by default.
Agree with you 100%!
There are not two but three. Sbd, steem and bitcoin. In order to get in you go through bitcoin and in order to cash out you go through bitcoin.. Sacastically speaking why not get rid of both SBD and Steem?