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RE: Ned on SBD: "Does the community want to continue to be paid out in Steem Dollars?"

in #ned8 years ago

So, I get what @ned is saying. The community could decide that SBD is no longer needed since STEEM has less dilution than it did. The flexibility of the platform allows for this kind of agility. And historically, we've only seen STEEM fall in value, so SBD was critical for casual content creators. In that context, no one could argue against its utility.

But ultimately, I'd like to see SBD stick around as a speculative instrument for both long and short term uses.

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The way I look at it nobody is looking at the long-term. Ok, so SBD might delute the value of Steem in general ,but someday that won't be the case so we'll yank away the one thing that non-crypto users could make sense of , all because we are here for the money I guess ??

That's rather simplistic of an argument to make that it's "all about the money", which can simply be thrown back to the SBD supporting as wanting the monetary transfer simplicity, so it's all about the money there as well. When looking at other currencies, 1$CAD is not 1$USD, nor is 1Pound. 1 STEEM is different too. Conversions can be looked at in terms of another currency, which is what people do to make everything weighed on the same scale. So you can covert STEEM, to any currency value representation, like USD, and have that value represented, rather than another token valued at a near $1 value... the extra bit of another token just to have a direct constant value... is for simple thinking. Currencies int he world don;t work like that, they fluctuate, which is what STEEM does. SBD does not really (yes minor changes to try to stabilize it), it stays pegged to the US dollar.