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RE: SBD up, Is This Good?

in #steemit7 years ago

Yes but what we would be getting is a coin (SBD) pegged to something that is supposed to be constantly losing value (USD) which will eventually just cease to exist- this is said by all witnesses and most people who are in some way connected to crypto, so what is the benefit in that? A constantly decreasing in value SBD? And in many articles I have read there are serious theories about Tether being a scam.

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A pegged Steem Dollar would be an interesting crypto for the transition phase, as long as the USD remains relevant. While Tether is intransparent and may even be a scam, SBD would be an open and transparent contender.