Upvoted as a well-written and powerful expression of the "Pro Peg" case. I'm personally quite open minded about this and willing to consider both sides of the issue, but your comment has indeed swayed my views a bit in making clear in stark terms how ignoring the peg and savoring the increased rewards has come at a real cost, perhaps a catastrophic one in terms of lost opportunities now that we've squandered our early lead and competitors are arriving.
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thanks. it was more of a disjointed frustrated rant, I'm glad I managed to somehow put some points across.
But I apologize to @aggroed for the tone of my post, I'm sure his posts defending the high SBD are NOT done with malice or nefarious intentions.
It doesn't have to involve malice to still do tremendous damage (and I don't think you suggested any). Often that happens with the best of intentions.
I kind of implied blind greed and author short term self interest as the reasons why he supported the high SBD, and I might be wrong on that.
That's a good point. But I still think there is a strong case that defending the broken peg with whatever motive has done a lot of damage, and your comment was unusually clear and effective in making that case.
To be clear though, I don't view it as primarily a personalized issue, if at all. @aggroed is not at all the only one making that argument and certainly is not personally solely responsible for where things stand today.