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RE: Is It Time To Convert Any Leftover SBD To Steem? Is A Re-Peg Possible? + Golos Top Gainer
I can see you have a totally valid point there. SBD was taken as a pegged currency which could be used in the place of $. So if any store is accepting dollar now with the help of steem blockchain it could used SBD and make online payments but from the time its price started increasing, now it seems difficult.
In a short term, it looks like not a very impressive deal for authors and new users but in the long run it will help steem to stablize and scale. It can open a lot of opportunities for different stores who want to accept a low volatile currnecy.
I'm not advocating for either side in this post, just pointing out the facts as I've researched them. There is a risk of SBD getting repegged.
Also, going to piggy back on this top comment for the record:
From a technical view, SBD looks primed for a big jump on the charts. I'm not suggesting that everyone fire-sale their SBD. But, if like me you had rather optimistic price targets previously, you may want to consider reducing them to something more realistic given it is always possible SBD is either forcibly re-pegged or trends back to $1.
How can we encourage more people to join Steemit and the crypto world, especially females?