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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 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.

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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?