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RE: Unpegged SBD: A Pointless Speculative Asset
Sbd is capturing some of the gains that should accrue to steem. If we increased supply of Sbd and reduced supply of Sbd steem would go up while Sbd down. The best way to do this is allow post to pay out 100 pct Sbd. Then the supply will double and steem supply will grow slower leading to steem up and Sbd down. This seems like an obvious move. It takes so long to change things here though.
It's hard to say given the speculation outside of the ecosystem. I'm sure some wealthy individuals simply use SBD as a pump and dump instrument given its scarcity.
I think it’s rising for the same reason as ebtc and bitcoin itself. Limited supply plus a solid use case (remittances or hashing power or even) lead to an appreciating store of value asset. That’s fine but if we have a good store of value asset we should increase supply so it can be more widely used. It’s value as store of value asset will go up the more people have it and the less volatile it is.