As I explained just a few comments below, should SBD be done away with then STEEM would have that stability anyway.
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As I explained just a few comments below, should SBD be done away with then STEEM would have that stability anyway.
I disagree. More Steem on the market will lower the price some more as did changing of the powerdown to 13 weeks.
It's a new crypto and the price is going to be all over the place. Look at all the other crypto's that have no additional tokens pegged to fiat. Do they look stable to you? Adding a stable token is a selling point. Perhaps it's unrealistic to think we could stabilize any token at all.
The difference to STEEM would be minimal. SBD is currently about 3.5% of STEEM in terms of market cap. Folding back in that 3.5% would hardly make a day and night difference to anything about STEEM, including stability. A lot of these claims are greatly exaggerated.