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RE: Should SBD Be a Pegged Asset? If So, When Should We Peg It?

in #sbd7 years ago

as long as we have things like tether in place, crypto will never take over the fiat world in its entirety. Its sad that people think a safe place to put their money during the dip is tether. Doing so just impedes the ecosystem, it doesn't improve it.

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I can respect that perception, but I don't think I agree with it right now. We're just barely getting started here in terms of world population that's in cryptocurrency. Until it's completely ubiquitous, expecting stable cryptocurrency at this stage isn't realistic (yet). People still need to pay their bills and such. Poor people especially should not be gambling with speculations. They need something stable to keep the lights on and right now, that's still the USD for most people. If we can get a stable peg, we can speed up the conversion process to cryptocurrency.