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RE: The return of @burnpost

in #burnpost6 years ago

The SBD price would help Steem, got some nice profits from SBD this morning and was able to get a nice bag of Steem...

It may be better to encourage folks to trade on the internal exchange, their SBD for Steem and express the SBD price as traded on exchanges, with time and hodling, SBD would pull up the Steem price...

I still have a different opinion with regard to the use of SBD as I more see it as collateralized tool to take the selling pressure off of Steem, and still maintain returning the ratio back 3-5%. Having a collateral that's ratio is pegged to underlying asset supply would help maintain a far steady price of both asset if both are enjoying good trading volume.

Let see how this phase play out, but I think its more prudent to encourage folks to use the internal exchange to soak up the Steem supply and encourage hodling of the assets and with time we should see both assets especially Steem enjoy a far better valuation...

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Not to disagree with anything you are saying but I would mention for added clarity that @burnpost uses the internal exchange exclusively.

Coin Marketplace

STEEM 0.23
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