RE: Unpegged SBD: A Pointless Speculative Asset
Hey @greer184!
I am glad I stumbled over your post. It's good to read well-presented thoughts from one who seems to actually knows of what he speaks about. 🤗
I also read quite some of the comments here and saw, that we have a suprisingly great variety of different views on this topic.
Many of them are contradictory AND understandable. Somehow curious.^^
Nonetheless i want to emphasize only one of the points, which you also brought up and which does have more weight than all others:
A stable currency value allows sustainble Crypto-establishment
Cryptos as currencies primarily used for unregulated trading, do not provide any real lasting benefits for society. It is just a playground for those who want quick money. As long as there is no 'real value' added, there always will be the easy opportunity for the total crash. And unwanted FUD is related to the 'bubble burst' event.
To establish and indeed use a cryptocurrency in a long lasting way, a reliable financial value is an inevitable prerequisite. I'm totally with you on this one.
Again: Thx, for the nice post full of insight!
Best,
mountain.phil28