Ah excellent! I am really glad that you reached out to us. I am one of those incredibly active bloggers (Since I joined in early December 2017) and it is absolutely true that I stay here and continue blogging for the powerful SBD. I am powering most of it up because I believe in the platform, want to grow my account to have more SP, and because I think Steem as a cryptocurrency will only go up from here.
It would massively take the wind out from my sails/sales if our earnings quartered if the SBD was pegged to $1 and equalled 1 steem....
Personally, I would really have to reassess the amount of time I am allocating to steemit, and therefore reassess my spring, summer, winter, etc plans as steemit has a big play in my visioning of my finances for the future. That's because I see incredible potential in steemit.
I know I came at a great time for posters as SBD has not always provided such great liquid rewards at such great prices for bloggers. But I say with confidence that MANY on the platform would be discouraged and perhaps leave if this hardfork takes place at this time.
I think Steem would lose its STEAM...
"This is a fundamental assumption I'm making: higher post rewards means more users. I also suggest more users equals a higher valuation. If investors are kind enough to keep high SBDs for a while then I envision we'll get to the necessary marketcap faster than by putting in the conversion right now."
^^^ @aggroed, you are absolutely correct and I hope the top 20 witnesses for pegging SBD at $1 are reading this right now as I don't believe I am alone in my sentiments. Many people will flee steemit is my prophecy...The fluctuating SBD is an incentive for people who join. I am telling all my friends! I hold it sometimes and wait for it to raise before I convert to Steem or sell for another crypto. I think that's an important part of the game!
This is so fricking correct!
Aggroed you are thinking with your head on this and not with your dick.
Seriously. Steem will go up with the buzz, like any crypto. High post rewards are creating buzz. It's making people want to invest in the platform and get a leg up. To plop their cryptogains from elsewhere here to have fun with the community
Let it happen and don't reason out of fear that you need to interfere and change things that are working well. Witnesses will only destroy themselves by acting from fear of losing and greed.
This social experiment is working incredibly well. Work on making it work even better at the user experience level, not the economics level! The free market is doing it's thing and many are already sold on the concept, they don't need additional economic theories to provide an incentive when high demand for this kind of stuff is already creating all the buzz neccessary!
There's an air in the world and people are looking for alternatives and Steemit is just gonna keep on popping up and up the more they feel ready for a change and giving something new a try! The solution is already here, so keep it attractive and sexy, and don't worry about the end result! Remember life is a journey not a destination!
As a community, I believe we will make it! <3