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RE: STEEM: From Social Media and Investment Platform to Global Digital Currency
If SBD were to be firmly pegged at 1.00 it would increase the odds of it being used as a form of payment. No one wants to accept payment for something and have the payment lose value, sometimes seconds later to the degree crypto can fluctuate.
Hey, @practicalthought.
Certainly would be nice to have a non-fluctuating currency of some kind, SBD, STEEM, whatever. I'm not sure though that a dollar peg is ultimately what we want, or for that matter, any fiat currency backed by air and inflated to mammoth proportions. Still, might help in the short term, but in the long term, STEEM/SBD will have to stand on its own.