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RE: Steemit: The Current Identity and the Lack of New Investment
I would really hate to see the price drop below $0.05, but if that happens, we might finally see some people stopping the power down schedules. Maybe not. Depending on how things look at that point, I may convert some of my SBD.
I don't know if there needs to be drastic actions, but something to signal to users and potential investors that there is actually leadership and that they are willing to take some kind of action to get things on track would be nice. I just don't feel like this is something that the "higher-ups" are very good at doing - or are very good at communicating to the rest of us, at least. If they're listening to our requests and feedback, they're not doing a very good job of showing it.
Your SBD will de facto autoconvert well before reaching 0.05. Below roughly 0.10 it will no longer be pegged to USD and will track STEEM instead.