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RE: Bounty 20 Steem: Should we fix SBD?
There is no reason to intervene now as we don't have any bussineses or projects running that would benefit from a stable 1$ SBD. Leave it as is and it will just serve as a jet engine propelling us forward.
It will go back to 1 on it's own when steem goes to 100 after SMT and HF 20 are successfully implemented. It will balance itself back to 1 as a ton of new SBD will be created every day.
Yeah but when?you think it will go down to 1$ just like that. People don’t understand that SBD is only mined in this platform. And only by authors. steemit is actuve 2 years now and we have only mined 10mill sbd. The number is really small. AAnd I don’t think that anyone can interfere in the protocol just like that. If it was so easy we could also change the circulation supply of Steem which-i don’t know how many of you have noticed- but out of the 269mil we are standing at around 253 as we speak. And judging by how quickly it escalates i assume within 4-5 months there wont be any more steem for mining.
At that point things will take their way. Steem will roll while sbd will return to the price it was originally designed
Steem does not have a hardcap, from page 26 of the White Paper:
"It will go back to 1 on it's own"
It's already doing that, even while other top-upvoted comments in this thread "lie" and say that it's price isn't normalizing.
Literally, many of the top comments in this thread are boldly lying about SBD not reverting to normal from normal market activity.
Derp? Which way does the line go? I think it goes from $12 to $2 (83% loss) in under 3 months.
Bueller?
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