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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 (edited)

I don't agree with the view that has been expressed here that you can significantly encourage the use of STEEM by discouraging SBD. People are uncomfortable with highly volatile cryptos. This is nothing new and is a problem that has confronted efforts to achieve wider crypto adoption and use by every project, and would apply equally to this one. As an alternative to SBD, people will just sell their STEEM faster, or be discouraged by having taken some big unwanted, unexpected, and not-entirely-understood losses and quit. The idea that "the problem with STEEM" is SBD is largely nonsensical. There is a small grain of truth to it in the sense of systemic risk, especially if SBD is not properly managed by witnesses, which unfortunately has often been the case (with some contribution by poor and/or absent guidance from the dev team).

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Thank you for answering