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

[lukestokes]

I think many agree a pegged SBD makes sense. The trick is getting there without screwed anyone over or angering people who really do enjoy high SBD values right now.

Comments

[fitzgibbon]

Hey @lukestokes, I read your article this morning, thought about making a whole post about why a well pegged SBD is beneficial, but your comment here sums it all up. There is already consensus in the witness ranks leaning towards a well-maintained 1 SBD = 1 USD peg. The discussion is only about when and how to enforce + how to smoothly get there without screwing anyone over.

This tells me:

• the problems and consequences of an out of control SBD value is signaled and recognized
• the arguments made (on different sides of the debate) nearly all reflect answers to the most basic question: "What is most beneficial to the Steem community in general?"

I think this is just another very fine testament on how open, transparent, efficient and well-thought out governance can be executed in a DPOS eco-system. This is what happens when the incentives of users, stake-holders and developers are in alignment!

I'd advise Bitcoin to take notice, also some governments could learn a thing or two here. It's beautiful.

[lukestokes]

:)

I'm a huge fan of DPOS.