RE: Should SBD Be a Pegged Asset? If So, When Should We Peg It?
I gave a shit. I gave many shits, aggroed. Heheh.
I hear what you're saying though. We can't assume a conversion would automatically increase the value of STEEM (even though it's a compelling story, in my mind). At the same time, we can't assume the high SBD value is what is getting people excited about Steemit right now when it could just as well be (and as smooth argues and I mentioned in my post) more of a result of STEEM itself growing in value which increases the reward pool for everyone.
Those triggers sound mighty nice to me.
Do you have concerns about SBD going higher and making it even harder to bring the peg back in play? If not, why should we even bother with SBD at all? Why have two speculative tokens on the STEEM blockchain if we're going to abandon the peg? I'm also curious what you think about the argument that some in developing nations really do need and highly value a stable currency. For them to hold their money in a speculative cryptocurrency doesn't make sense if they have bills to pay.
"concerns about SBD going higher and making it even harder to bring the peg back"
Literally what is written here is this: "Do you have concerns about making too much money which makes it harder to become POOR again?"
These whales and witnesses literally don't live in real life and can therefore afford to DESTROY millions of dollars. Why? Because "muh fiat currencey!"
Nice.
The more comments of yours I read, the more it looks like trolling. Did you even read my post? Did you even consider the possibility that the single greatest way to help the poor would be by giving them a stable asset to trust in while also increasing the value of STEEM which increases the entire rewards pool they enjoy?
What bothers me most about your comments is they seem to imply malicious intent where there is none.