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RE: OnBoarding new investors via TETHER and TUSD - Great results!

in #dramatic-changes6 years ago

recently I have been paid more in liquid steem than SBD anyway, its actually better because all i do with SBD anyway is either convert it to steem on internal market,or just sell it on Bittrex.

Getting paid in just liquid steem will be nicer

instead of SBD we can use an SMT to become a BitUSD like stable coin using oracles and bancor

Ahhhi see the vision now! :D The SMt/SP option for the post rewards underneith 100% SP , it will be replacing the 50/50 option... i think we will now have the option of 50% SMT and 50% SP , or just 50% Steem 50% SP? Hmm i wonder..

see when I made that based on what i read in the Github page for SMTs, i didnt realize the SBD option might be gone by then

And hey instead of a pegged SBD type asset we can simply use built in calculators in order forms to just allow for an easy conversion from steem to dollars i mean, that shouldn't be a problem.. people use Bitcoin to denominate things and sell things in Bitcoin for like 0.01 BTC etc, so that works fine, so we really dont need SBD. And we can just use an SMT as a dollar pegged asset, we can have gold pegged assets, we can have euro, ruble, yen, pound, yuan or Won pegged assets.... its gonna be nice :D

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exactly, if USDT can be pegged, so can SBD, and infact SBD was pegged VERY stable for a while!

If Steemit.INC failed to keep SBD to $1, why do you think they can do it with another coin/smt/token

The tether isnt broken its peoples perception of STEEM/Steemit that is broken

Even Bitfinex's tether fluctuates in price at times based on supply and demand. If you follow the history on coinmarketcap you can see that during the period that the price was crazy for sbd there was nearly no trade volume

Coin Marketplace

STEEM 0.20
TRX 0.19
JST 0.034
BTC 91309.99
ETH 3150.55
USDT 1.00
SBD 2.89