But, correct me if I am wrong, as the SBD/STEEM debt ratio keeps growing we should soon reach a tipping point where the network will stop producing SBD tokens anyway?!
And from there we just need to get that dollar peg working with on-chain conversion both ways and STEEM will have a brilliant new USP... a bloody "stable" tethered value token. Now that's something merchants like!!
Of course we still rely on the witnesses generating a clean STEEM-value feed (without being duped through a single trading platform) and then we need to figure out what we do once the us-dollar has lost all value and needs to be untethered... but we can figure that out when we get there.
And while we're at it, how about some SBD based transaction fees to fuck the spammers over?!... We need to start burning that dept somewhere anyways!
just my 2 cts