STEEM can go as high as it can go.
SBD going high as it goes defeats the purpose, so we should only reward out in STEEM and Steem POWER. Then SMTs can take over for SBD.
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STEEM can go as high as it can go.
SBD going high as it goes defeats the purpose, so we should only reward out in STEEM and Steem POWER. Then SMTs can take over for SBD.
So, that just reduces the chances of new members getting any significant rewards, at least with SBD prices high new members get some more, at $1.00 income would go down which would just mean even less people staying with Steemit after a couple of weeks. So which would be better keeping the initial purpose or having Steemit grow?
To keep the initial purpose. It would make STEEM more valuable and less prone to price manipulation.
So, if the initial purpose is wrong Steemit still has to keep it? Change moves everything if you close your eyes to it, then you get nowhere.
The initial purpose was not wrong. Witnesses failed to keep SBD to what is was supposed to be. And, I believe, a few of the whales on Steem used this flaw to manipulate the price. When the price goes up, there are less rewards for the minnows because the bigger fish post and upvote more.
Just because people are looking for short-term gains at the price of the long-term health of the system, doesn't make them correct, it makes them near-sighted.