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RE: What to do about SBD? We must defend its high price!

in #steem7 years ago

Personally I think it's a shame because I really liked using the SBD as a relatively stable currently. I was one of those who was supporting it at 0.92 and resisting it at 1.08.

That said, @aggroed makes a lot of good points and it IS a really positive thing that posters are getting a bonus for the SBD component of their payout. Swings and roundabouts I guess.

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Yes. It seems clear that there are positive and negative aspects of this situation. We have lost stability in favor of speculation which should see a record number of new users flocking to the platform. I hope the SBD price being high really does do something to level the playing field but I think its just as easy for whales to increase their stake at this point if that's what they'd like to do.