Steem experiment: Burn post #130
Burn post for May 25. Rules and update
To provide additional support, vote for the comment below. Another method is to vote for the proof-of-burn comment added after 7 days.
Burn post for May 25. Rules and update
To provide additional support, vote for the comment below. Another method is to vote for the proof-of-burn comment added after 7 days.
Rewards from this comment will be added to the post rewards for burning
good to burn if you can burn all
Proof of burn
Author rewards:
108.875 SBD, 3.812 STEEM and 49.696 STEEM POWER for burnpost/re-burnpost-steem-experiment-burn-post-130-20180525t184346300z
149.135 SBD, 5.221 STEEM and 68.072 STEEM POWER for burnpost/steem-experiment-burn-post-130
Sold 258.010 SBD for 182.961 STEEM on internal market
https://steemd.com/tx/bd4c4966984a9aa14c1681def52c5e4f841353b5
Power up of 191.994 STEEM since SBD > $1 (+9.033 STEEM reward)
https://steemd.com/tx/4663cc30eb8f2ab382a0fe3530087ec0fe9b3871
I really do not understand the rationale and reason behind pegging another coin at $1 when USDT is there. Okay, are we now trying to put sbd in apposition with USDT? Trust me, I foresee discouragement on the side of minnows if this happens. Then for whales with huge sp, how will you be sure they won’t power down at high steem price and leave the system? Or better still, they could buy back the sbd, and of course, the price of sbd will moon again
whales are leaving this system since bid bots are dominating the system... in steem whitepapers said sbd value is 1$ and can flactuate within market... for minnows it's okay to get sbd at 10$ value but they won't power up into SP... they sell it in fiat and that kick out the true and better reason to improve STEEM cryptocurrency.... what's matter more, a token or a cryptocurrency? And what matter in this system, STEEM value or SBD value? if STEEM moon, all post's rewards will moon and it gets more SBD. If SBD moon, it doesn't affect rewards more than trade in market or use bid bots service that are affecting the system
USDT is a centralized system that relies on Tether company keeping USD in bank accounts and using that USD to maintain the price of USDT. If those bank accounts are frozen, USDT will fail. That's very different from a decentralized pegged asset.
Upvoted dear
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