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RE: Poll: Should we get rid of the SBD (Steem Backed Dollar), and just use Steem for everything instead?

in #steem7 years ago

I don't think so. I think SBD helps a lot to buy SP. Let's suppose if we make 10 $ dollar from the post .
25% curation reward = 25/100 * 10 = 2.5
remaining = 10- 2.5 = 7.5
out of 7.5 50% SBP and remaining 50% SP
50% of 7.5 = 3.75 SBD
50% SP = 3.75/current value of steem
let's suppose it's 3.75
50% SP give you 1 Steem
Now if you convert 10$ into direct Steem
it means 7.5/3.75 = 2 Steem
if i am right than dealing with steem is a big loss in my 2 cent opinions.
Pardon me if i am doing any mistake

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Why not just use Steem though, couldn't all of these things be accomplished with just Steem alone?

it can be but if they apply the present formula the user will suffer due to low rewards @tolkatore