I like high SBD and have a hard time understanding how increasing supply would actually help anybody out?
Let's take the idea of diamonds. I agree that if all the diamonds in Africa we're allowed to be extracted and put in the market, diamonds would not be worth anything.
But then we would lose a product that makes people feel special?
Sure, SBDs shouldn't be worth 8 dollars, but what does it matter?
You just want to issue more SBDs, and then they will be worth less? So people get paid more SBDs, and so the price goes down, but nobody technically loses anything
Seems interesting but why bother? I think SBDs function very well in our current economy. We have enough of them, no? Why flood the market with more SBDs? The fact that the market has assigned them their current price is because they are scarce.
What are the benefits of abundant SBD? Why not leave them scarce and see what happens?
I liked @Aggroed 's idea of doing absolutely nothing about the broken peg and will be making sure not to vote for anybody who favours having a "BIAS" lol
You are entitled to your opinion and so is @aggroed. That is why I put "STEEM Politics" in my title, because that's what this comes down to.
I actually like @aggroed, his general philosophy is excellent and he has a lot of good points regarding letting SBD be high. But I unendorsed him as witness, not because he has zero bias, but because he maintains a positive APR.
As it stands you claim SBDs function very well, but they have actually lost their function. You used to be able to convert SBD to STEEM inside Steemit, but nobody does that any more and its disabled. The system is not working as it was designed and while I enjoy the higher post rewards there are some negative side-effects - one of which I will write about tomorrow.