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RE: Ned on SBD: "Does the community want to continue to be paid out in Steem Dollars?"

in #ned • 8 years ago

having the power to demand a certain dollar amount of Steem at any time can only lead to Steem inflation.

It leads not specifically to inflation but to leverage. That is, increased inflation when the STEEM price is declining but decreased inflation when the STEEM price is rising (i.e. $1 paid out in SBD rewards can only demand a smaller number of appreciated STEEM)

8 years ago in #ned by
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     8 years ago 

    Getting rid of SBD does not change this. If I think STEEM is going to fall I will hold BTC or Tether or real USD or something else. I won't suddenly decide to hold something I expect to fall because you have removed one of a huge number of available alternatives. This argument is nonsensical.

    Nonsensical to you perhaps. Not to me. On the basis of that reasoning we don't need SD anyway since we have USDt or real USD.

    We will not agree on this so let's just leave it there.

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