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RE: My Thoughts About The SBD Peg, And A Proposal For A Soft Peg

in #sbd • 7 years ago

I agree, what is the point of having SBD and STEEM, if SBD will fluctuate as much as STEEM and always be priced higher due the reduced amount?

So, instead of Pro/Con soft peg, how about Pro/Con of eliminating SBD.

7 years ago in #sbd by
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     7 years ago (edited) 

    I agree. I never quite understood the point of sbd,except perhaps so that it would be easier for newcomers to know how much they were getting paid.

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     7 years ago  

    Especially with SMT's coming, it makes SBD even less important.
    Get paid in STEEM.
    Want a token related to STEEM for other transactions, use SMT's.

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       7 years ago (edited) 

      I cant agree.

      1. 1 usd token is a great financial instrument. We have tether on this field but tethers pegged with promises of one particular entity while sbd pegged by the platform which provides real value.
      2. Pegged sbd is nice for commerce apps. You just cant trade with something that could fluctuate 50% day to day
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       7 years ago  

      Yeah, but look at the price of SBD lately...

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