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RE: Should SBD Be a Pegged Asset? If So, When Should We Peg It?

in #sbd7 years ago

Hello Bobby. In answer to your question, yes, I have. When I was in high school, my parents lost the house we lived in and we moved on to a boat. Food was donated to us and money was very tight. You can read the whole story here:

Living on a Boat for Two Years Shaped My Life.

That said, I won't get into a victim scoresheet process where my victimhood grants me a voice in any given discussion. Short-term, "poor" thinking leads to poverty. Long-term, "rich" thinking in terms of investment, time-value of money, compounding interest, understanding probabilities, etc, etc leads to abundance and prosperity.

Have you considered you may be thinking short-term which may actually harm the very people you want to support? If STEEM has gone up 46x and SBD only 7x, why are you pushing for the loser in that race? Why not further incentivize more exponential growth in STEEM which increases the entire rewards pool (both for authors and curators)?

I'm not ignorant about how some people's lives are radically changed here because of simple upvotes. I've tried to delegate my witness earnings to help support important communities here.

I'm all about making people happy and fully recognize how the rewards do that. I'm not willing to automatically assume a high, non-pegged SBD is the best way to increase those rewards and I've spent many hours making my case in the original post.

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