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RE: Steem - Can the SBDpotato initiative really fix the SBD peg?
I would prefer to stop printing SBD completely and focusing solely on STEEM, which makes more sense in my opinion. SBD is an interesting concept, but has failed as a stable coin, and puts too much pressure on STEEM and there is also no conversion from STEEM to SBD only one from SBD to STEEM.
Yep, steem.dao should be receiving STEEM instead SBD :/
That would be my vote as well.
Yes, support that idea :) I think we should switch from SBD to STEEM only, alternatively we can fix SBD and mitigate the pressure on STEEM (add conversion in both directions, STEEM <-> SBD, and secondly reduce/halt the conversion when the market cap of SBD reaches 1-2% of the market cap of STEEM to reduce the selling pressure on STEEM).
can't agree with this more... we need to just eliminate SBD all together
I think SBDs serve a useful purpose. I just think we need to figure out to better peg em.
Only way to peg any currency to another is to actively trade it... In the early days I complained that there needs to be STEEM-SBD pair in all exchanges that have either one listed...
There is a STEEM-SBD pair using the internal market with no fees, no censorship, etc. I don't really see what STEEM-SBD pairs on centralized exchanges would add. Now SBD-USD pairs or that sort of thing could definitely be more useful.
Obviously that would eliminate unnecessary withdrawal fees when moving coins back and forth between steemit.com and the exchange... Trading fee is in some cases less than withdrawal fee.
Agreed that SBD is not all bad ... just we need a better mechanics.
Having a nice stable coin can attract investors for its self.