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RE: How SBD could replace BTC: an Unconventional yet Possible Scenario
Finally another someone who speak a lot of sense. I've been saying similar things for a some time and so does @ew-and-patterns
Glad to have you followed. 100% upvoted and resteemed.
Hi! Thx for the compliments! ;-)
But what are your thoughts about SBD exactly then?
We have a coin that is 200 times faster than BTC that has Zero Tx fees. SBD can handle several times the Tx capacity of BTC and it cannot fall below 1 USD (unless some extreme scenario happens to STEEM which is unlikely considering SMTs and being technologically superior to 99% of blockchains). BTC on the other hand can hit zero and considering how technologically inferior and that it's already the biggest coin in the market with while being the slowest and most expensive.
@haejin said SBD can hit 6-12 STEEM. I'm around 2.5-4 STEEM and I've seen @ew-and-patterns call for 4 STEEM worth SBD. Either way, unless SBD is worth 10 BTC I'm not going to be surprised by any price increase. I think SBD will be more volatile than STEEM. But I'm with @haejin and @ew-and-patterns for the short term as I too believe SBD will outperform STEEM.
I also think people are too blinded by the "peg" which I actually call a price floor and forget the utility of the coin. I mean only Dash/PIVX InstantSend has better speeds and at the moment no other blockhain can handle more Tx/s.