Tell me this: how do you scrap SBD without eliminating SBD holders' wealth? Are you advocating taking away the money that I've been saving in my SBD account? How can you be so flippant about my money?
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Tell me this: how do you scrap SBD without eliminating SBD holders' wealth? Are you advocating taking away the money that I've been saving in my SBD account? How can you be so flippant about my money?
Yeah - the problem here is that, given the choice, many people will simply leave the STEEM ecosystem. If your choices are STEEM/SP or holding something more stable, guess where the money will go.
If they're serious about getting rid of SBDs and actually do it, my prediction is that STEEM fails anyway. This isn't a conversation that should be had right now or any time in the near future. There is no support and little interest for STEEM and there is even less interest in the Steemit social media interface. If SBDs were to be eliminated, there would be very few reasons to care about STEEM/Steemit from an investor/merchant perspective. And bloggers would probably just cash out as quickly as the STEEM came in because there would be no other way to protect their earnings from volatility (which would mostly just be declines).
Yes, the price is low - and yes, we need to start talking about debt loads and ratios. But the problem isn't that serious and can be pretty much resolved by adjusting the holdings of the various @steemit and Steemit, Inc. accounts anyway. There seems to be a lot of fuss and scare tactics about how "bad" SBDs are for STEEM, but nobody seems to want to address the actual issues that have been driving STEEM prices down since July.
The arguments are bad and these people should feel bad.
Haha, perfect. I love it.