I just see the price going up so high as a win for anyone who is holding SBD
Its just another string to our bow and i dont really understand why anyone would have a problem with making some extra Steem or whatever else they convert it to.
Its not like it has any negative consequences for Steemit or Steem and only seems to benefit people who use the platform.
If anyone is aware of negative consequences i would love to know about them.
You are viewing a single comment's thread from:
Merchants want a stable currency.
People may want to use SBD as a stable store of value.
The post-n-profit crowd making quick bucks is not the only use case here.
In the short term I agree with you. But there are some reasons to be concerned long term I think. One is that if SBD is floating high this doesn't have a directly positive effect on the value of Steem, the main token and that which investors have mainly invested in previously, by design (or at least what they were told about the design).
Another is that why have two tokens if they are free to rise and fall in value? This just complicates the interface and the trading supported on the Steem chain. It's like having two Bitcoin tokens within Bitcoin (though not exactly, approximately).
There are others too.