Doing an airdrop of SBD on everyone is quite a radical solution and probably not something I'd consider stable. I can imagine people (especially speculators on exchanges) would freak out about that and it would probably seriously damage the reputation of the STEEM blockchain. It's certainly an interesting idea to radically fix the peg though. I often use the word "interesting" for things that I would never actually do in real life though. :)
I agree, we should always be focused on minimizing risk, especially systemic risk. I also think stability is really important and the broken peg right now with prices on posts that don't make sense really add to a lot of unnecessary confusion. Hopefully we can fix that going forward.
Thanks for commenting.
Hey if you say thanks for commenting -- I should say thanks for listening.
I agree that doing an 'airdrop' (awesome name, btw) of SBD is a radical solution. I'll admit to personally having some left leanings in my line of thinking (I also have the fortunate situation of not living paycheque to paycheque), but I am curious to hear why you think it would be an unstable solution -- the overall value of everyones 'total number of tokens' would stay the same, and SBDs are pretty divisible already, aren't they? There's little doubt in my mind that you know what you're talking about and have thought about it extensively -- just curious.
Also -- in my line of work (I deal with a lot of municpal infrastructure that people interact with extensively) people are often freaking about changes. And I'm compelled to ask:
At some point, ideally, Steem should become something more than an investment platform, shouldn't it? Is it not supposed to be, first and foremost, a 'decentralized content curation platform'?
EDIT: I should clarify my last question as: "Is it not supposed to be, first and foremost, a 'decentralized content curation platform' -- so then would it not be best served by becoming as immediately accessible by as many creators as possible via stability?"
The 'unstability' of airdropping SBD is that it sets a precedent, making the future outlook for the system completely unstable. If loads of SBD just fell out of the sky today, who says that won't happen tomorrow?
Also, the value of any crypto-currency at the moment comes from supply and demand on the crypto markets. Therefore being an attractive investment opportunity benefits its users immensely (it simply makes the rewards for content curation and creation higher).
Revolutionary and principal about Steem is the fact that rewards in crypto-tokens are built into content creation and curation. You can imagine that the value of those rewards (i.e. the value of the tokens) is vital and a driving factor for adoption as well.
On the STEEM vs. Steemit question, this post may help: STEEM Is NOT Steemit. STEEM Is More Valuable Than Steemit.
As for leaning left, you might enjoy these posts:
When it comes to cryptocurrency, the commitments made to investors about the supply is one of the single most important promises made. When a token violates that trust, it can hurt the community for many years. It's certainly not something anyone who understands the economics involved should seriously consider without very, VERY careful thought. Even then, I have trouble thinking of a situation where it would be justified unless it avoids some type of systemic risk which could destroy everyone's value.
Thanks for taking the time to ask these questions and follow up in discussion on them -- I appreciate it, have found it very informative, and have given you a vote for witness because of it.
I've seen a couple UBI posts floating around -- thanks for sharing these other ones. I'll definitely give them a read.
Thank you for your support. :)