I like the idea, however for those of us at the bottom it would just devalue the holdings. I like option #2 above, find a stable point and hold SBD at that point, be it back at $1, or my preference at the $1.5 to $2 where is has been recently!
I don't get the logic for trying to keep it "stable" if the tools only allow for it to be stable in one direction. If a merchant wants SBD to be $1 (the original intention) then it going to $2 is a problem. If the "fix" involves pegging it at $2, what prevents it from going to $3 and how is that any better than when it went from $1 to $2? The point of a pegged asset is that it has to be pegged. That means it can't go up or down. Trying to keep it at $2 won't help if speculators push it higher.
The holdings won't be devalued if you do the reverse conversion (if it existed). You'd get a premium as long as it's above the peg.
I do see your point, either way I think your right there are tools that need to be worked out to keep it from going up just as much as they need to be in place from it falling.
The only issue I have is that those who are not aware of the reverse conversion or are not around in time to get there could potentially lose a small amount of value, so being it was at $2, I would say develop tools too keep it at $2 not higher and not to much lower!
I understand that, but $2 is confusing to me. That would have to be explained every time while the wallet and the code already assume a $1 value right now. I'd rather we just fix it now and be done with it. Some may miss out, but they already have more than they should right now anyway as it was never meant to be more than $1. If they want, they can sell their SBD now for a premium. It can't be taking something away if it wasn't ever meant to be given out in the first place, IMO.
I see what you mean! Guess, I'm just liking the bubble to much! Your right though $1 would be easier to understand than $2. Not entirely sure on what to do to make the tools needed to keep it down beyond the reverse compensation!
Possibly a good idea too. I saw it a few days ago and forgot about that. I'll add that as option 4 :)
I like the idea, however for those of us at the bottom it would just devalue the holdings. I like option #2 above, find a stable point and hold SBD at that point, be it back at $1, or my preference at the $1.5 to $2 where is has been recently!
I don't get the logic for trying to keep it "stable" if the tools only allow for it to be stable in one direction. If a merchant wants SBD to be $1 (the original intention) then it going to $2 is a problem. If the "fix" involves pegging it at $2, what prevents it from going to $3 and how is that any better than when it went from $1 to $2? The point of a pegged asset is that it has to be pegged. That means it can't go up or down. Trying to keep it at $2 won't help if speculators push it higher.
The holdings won't be devalued if you do the reverse conversion (if it existed). You'd get a premium as long as it's above the peg.
I do see your point, either way I think your right there are tools that need to be worked out to keep it from going up just as much as they need to be in place from it falling.
The only issue I have is that those who are not aware of the reverse conversion or are not around in time to get there could potentially lose a small amount of value, so being it was at $2, I would say develop tools too keep it at $2 not higher and not to much lower!
I understand that, but $2 is confusing to me. That would have to be explained every time while the wallet and the code already assume a $1 value right now. I'd rather we just fix it now and be done with it. Some may miss out, but they already have more than they should right now anyway as it was never meant to be more than $1. If they want, they can sell their SBD now for a premium. It can't be taking something away if it wasn't ever meant to be given out in the first place, IMO.
I see what you mean! Guess, I'm just liking the bubble to much! Your right though $1 would be easier to understand than $2. Not entirely sure on what to do to make the tools needed to keep it down beyond the reverse compensation!