The idea of SBD was to have somewhere stable to put your crypto dollars in case you thought steem was going to go down. This was due to the limited pipelines to get from fiat to crypto and back again and lack of options like tether. Now that all exchanges either have tether or fiat, SBD serves no purpose. It's a now a purely speculative vehicle based on pure price speculation. It also has a massively inflationary supply model only supported by the greater fool model. I'm no good at playing the greater fool game(and I'm not a big fan of it), so I just dump it immediately.
You are viewing a single comment's thread from:
I would say that SBDs could be far superior to tether because SBDs are decentralized while tether is controlled by a centralized company that we hope are not cheating us all. Of course, for it to be as valuable as tether, there needs to be a better mechanism for keeping it from going higher than $1 (there is already a mechanism for keeping from going below $1.)