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RE: OnBoarding new investors via TETHER and TUSD - Great results!
I don't think that way. If sbd will be removed there will be a lot of demand for steem, for steemmonsters and for every project. The projects can adapt :D This is a very important step for steemit.inc in my opinion.
Let's assume you are right, tons of money goes into Steem, let's assume we get into an scenario where steem slowly raises non stop to 100$, who in their right mind would spend Steem on cards or services when the price continuously rises? We will get into a pretty stagnant HODL situation where none will spend because the price keeps rising... that's why we need a pegged currency to do trades and buy and sell stuff on the chain, that's the whole purpose of SBD! To enable business to run, be it on a bear or bull market.
that's false in my opinion, trust me, there are a lot of whales trading steem and a lot of whales waiting for steem to reach $5 so they can sell. How can you be afraid people will hold when this is good. lol
I think you actually gave more reasons to my argument, why would you willingly spend Steem to get Steem Monsters @ 1.50$ when you know it will eventually reach 5$+ in the future? Why would you spend it instead of holding it for trade or powering up and use it to get extra revenue?
Thats the reason we need a stable, pegged currency, so that people spend money on the businesses that are getting established on the platform, because want it or not, a lot of the future success of the platform after we manage to solve the creating new accounts problem will be thanks to businesses failing or finding success here, the more successful business stories we create here at Steem the more likely other people will be encouraged to start a business here and with that comes money! SBD will be the tool for those businesses to run and recieve payments while Steem will be the lifeblood of the accounts and the bandwidth/ resource points in hf20.
I would buy steemmonsters thinking I can make more money than holding steem. I would buy any product I need with steem at any price, I like using crypto and not cash. We need steem to be in the light and not sbd. Steem blockchain is important. You have to understand there are people without a job in real life, like me. I live from cryptos.
If I need food I sell steem at 0.5$, easy like that. But of course I am also holding some for the future, that's how things work for most of the whales on the platform.
When someone wants to buy a lambo with steem he will buy even if steem is $1 or $10 lol