I've just been half hoping in the corner that some SBD whales were gonna buy giant chunks of STEEM in the internal market and drive the price of Steem way up in order to get the SBD value closer to a dollar... wishful thinking.
That said, a floating peg seems very hard to maintain theoretically, but would be well worth it in my opinion. Gives a better sense to newer users to understand the value of a post and see intrinsically what they earn. Should also add more liquidity (nominally, if not actually) to our internal markets.
I shudder to think how much liquid STEEM and SBD sits in Poloniex and Bittrex.
Great discussion, as always @lukestokes.
There are no SBD whales, at least not within the community. Everyone here has just seen the SBD pump as an opportunity to grab some extra money by selling it off to speculators. When the speculators are done, they won't be using it to buy STEEM on the internal market, they will just dump it for BTC or fiat on an exchange and move on to the next game.
Essentially all of it (at least 80% if not more), because it has lost its utility for anything other than price speculation. There used to be people on this platform who held it for its price stability on this chain rather than cashing out, and services on this platform which used it as a stable value token for buying services. Nearly all of that is gone, with nearly all SBD drained off to exchanges for speculation. At least for now, hopefully we can soon get that utility back and more in the future.
I used to use @tipu often because it was fun. Now, the price is just too high and the value of my tip is too unknown. It's quite sad, really.
Oh yeah? You've been hoping thatSteemians become poorer? =) Interesting mentality
Seriously, I'm about to start flagging your comments. This isn't 4chan. If you want to troll, go somewhere else.
Please mathematically explain how I said that.. you've activated my almonds.
Thanks Blake.
As for the amount of STEEM/SBD out there, I run a weekly exchange transfer report so I see it first hand every weekend. It's a lot (which, of course, we can verify just by looking at their wallets on the blockchain).