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RE: SBD is broken, why not just remove it?

in #sbd8 years ago

Steem dollars were never meant to peg strongly to the dollar. Dan always said he EXPECTED SBD to carry a premium and that it was meant to as often as possible be a weak peg with a premium essentially.

If u want a tight peg go with bitusd and other bitassets.

Having sbd removed imo is the worst idea there is. Simply because if u have steem backed dollars...EVERYONE knows what dollars are and that this association in and of itself is a huge marketing and mass acceptance bonus.

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Simply because if u have steem backed dollars...EVERYONE knows what dollars are and that this association in and of itself is a huge marketing and mass acceptance bonus.

I've used to think this way. But not anymore, because I just don't see any evidence of this. It hurts the marketing by attracting low quality users and causes suspicions on potentially great users.

I see no evidence of what u say. :/

But i still love u :]