It's a complicated topic and while it definitely gives large rewards in the short run, I believe it's ultimately detrimental to the long-term success of the platform - which is what the witnesses really need to be concerned with.
Sure it would be nice to be able to hand out oversized rewards to everyone who posts, but that's not sustainable. The goal is to build real value for the STEEM token and use that to reward holders and posters. Having a stable token pegged to the USD is an important part of the value of the Steem platform.
Oh I understand that it is necessary, but it still stinks that i've saved my SBD in hopes of flipping it into SP when the value of SBD possibly returned to a respectable number. If it returns to $1, the money I invested now outweighs what I would actually have in Steem 6 to 1. It is what it is. Can't change that. But I digress. Truly, thanks for the work you are doing. It is extremely beneficial to the evolution and growth of Steemit.
I have no idea what will happen to the price of SBD in the future, however I personally would never invest or hold a token that is designed and intended to be worth $1 when it's trading for over that.
I sell all of my SBD as soon as I get it when it's trading > $1 and am very happy to be able to make that sale since I believe the person on the other side of the sale is getting a very bad deal.
That's just my opinion though, so take it for what it's worth.
I completely agree with you. I too sell ASAP after getting SBD. For now, I am happy with SP.
Hi @yabapmatt i send @postpromoter 24 STEEM 2 days nothing have been done, nobody react to my messages ... Can you help me ?? :((
Hi @markcze - I'm very sorry about that, there were issues a couple days ago with the main steemit API node that caused some bids to be missed. I have just refunded your 24 STEEM. Please let me know if there is anything else you need.
I thought that there was some problem with STEEMIT .. maybe i have tip when this happens you could post a post :D "Things go wrong on dont worry about your STEEM or SBD" ... also STEEMIT can inform us ... but thank you @yabapmatt .. iam going to to vote for you as witness :D
yes I agree with the witness @yabapmatt
hopefully @yabapmatt also happy to me.
thank you very much @yabapmatt