Im kinda excited about SBD going toward $1
I am kinda excited about SBD hitting $1. It has been constantly losing ground relative to STEEM and I feel we will soon see it close to $1.
I think this would be really great for steem as now we would have some stable crypto currency.
Things we could do:
- park money and use it as a store of value
- use it to price things. For example it would be very useful for steem bounty when bounty could be stable in value over a longer time period.
- attract many crypto investors that are looking for a stable coin
- allow many apps on steem that require a stable coin, such betting , foecasting and gaming that could drive lots of usage of the blockchain.
I know many people are looking for SBD to rally, but I really think it will be exciting once SBD is going to be stable and more valuable for steem.
What I will miss
We are currently getting free rewards,paid by the market who is overpaying for SBD. That is of course great and brings in value to the blockchain and ecosystem. However I find this unsustainable and maybe not even worth it, given all the other benefits we are missing with a volatile SBD currency.
What is really needed:
A way to dynamically increase the supply of SBD that increase the price of steem. @timcliff has proposed a solution which i support that would allow the exchange of STEEM for SBD at a premium. This premium could be set by the witnesses. The steem that is used to exchange SBD could be burned and thus reducing the supply of steem and increasing the price. The demand for SBD would then be converted into a higher steem price, which is precisely what we need.
What do you think?
Do you agree or disagree with me and what are your reasons? Let us know and win part of the bounty.
I’m having mixed feelings but I hope we can see a higher return for STeem
I think the price is going lower towards $1 only if Steem Power keeps dropping. If Steem Power goes up in price we’ll likely see an increasing SBD price as well. This market is all about speculation. We shouldn’t fight it, we should capitalize on it. Not that I’m against suggestions that make things better. I just say we should experiment with a SMT and let Steemit do it’s thing. Thanks for the share!
I would be ok with it going lower if steem was going higher.
investors would want "in" at a lower price.. profiteers would want "out" at a higher price..
it's just like the bears and bulls tug-of-war in the exchanges. this is more like SBD goes with STEEM rather than USD. i'm okay with SBD burned to keep price down, inflating STEEM.
I prefer that 1 SBD be worth at least 1 SP. I hope those days aren't gone forever.
It will never hold a true $1 there is nothing in place to prevent it from swinging randomly lower or high. Also higher SBD means you get paid more on your post!
@btc-dialog has set 1.000 SBD bounty on this post!
What is a bounty exactly?
A bounty is money sent to a post to be distributed to the users commenting on it. It provides a way to reward users directly and works in addition to the steem/sbd they receive from the blockchain. It works independently of SteemPower.
You create a bounty by sending any amount of sbd/steem to @steem-bounty together with a post-url in the memo.
How can I earn a bounty Users are then competing for the bounty by writing their answers to the post in comments that will achieve upvotes from the community and especially the bounty creator. The money of the bounty gets distributed to all top level comments of the post at the same time when the post is paid out (7 Days after it was written). How much everyone gets depends on the votes the comments received. The sender of the bounties votes are weighted higher so that she decideds where 80% of the bounty money goes and all other votes determine the rest.@steem-bounty does all of this for you automatically. You can use this service to automatically pay out a challenge, ask a hard question or simply to reward the people that interact with you.
Read more about how it works, even in different languages here.
Congratulations to the following winner(s) of the bounty!
I will try to play as conspiracionist: all these fluctuations could be a maneuver of the banksters to let us lose confidence in the decentralized currency? ;)
However, at $1 I'll sell my house to buy SBD, ahahahahhh!
Thanks for the bounty!
I agree. It would be much better, if we could see a more stable coin, and I mean both, STEEM and SBD. Too much ups & downs can scare "real money" investors away.
I think it is fine if steem is volatile so long as Sbd stays stable. This will allow content creators to stay in eth sbd crypto without having to trade in and out and will invite others to c Me in who need a store of value.
But if SBD stays stable and STEEM goes high, then powering up becomes much more expensive, if you convert SBD to STEEM on internal market.
I would actually rather see that we have only one steem cryptocurrency (STEEM or SBD) and Seem Power. Still don't get it why two cryptos are needed.