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RE: Witness Discussion – SBD price and reverse peg

in #witness-category4 years ago

We have a handful of stores and 50k active bloggers. If we grow the userbase the stores will come and purpose of this place will shift then. If we do it now we'll hurt the bloggers in favor of store owners who aren't here now. I doubt the major problem is a fixed price of sbd and a larger problem of there aren't enough users in this marketplace to merit popping up a store... yet.

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There are no arguments for destroying an entire market. Anyone in favour of destroying X7 of something's value is someone so comfortable in their little bubble, completely disconnected from the real world and that can afford throwing away 700% of their money. Pure insanity...

aggroed, please you must fight these economic and wealth destroyers! I will support you.

I couldn't have said this better myself, and I think this should be highlighting the real reason we shouldn't be doing anything funny like reverse conversions.

I keep wanting to say, STEEM doesn't deserve to have SBD be stable yet, but that doesn't sound right haha.

I also doubt that the SBD price is deterring stores from flocking to adopting SBD. And even if they wanted to, stores should just use market prices for accepting currency anyway. Just like how it would be for any other crypto...

Yep, true that