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RE: Witness Discussion – SBD price and reverse peg
I like the idea, but I don't like the idea of a flash crash. Can't there be a rollout? $1 steem buys $0.2 SBD today, $0.25 a few days later?
I personally feel SBD is damaging the price of steem.
- 100% power up should not be punished. It should be the easiest option. But it becomes especially problematic when combined with 2.
- Do I trade my sbd and power up? What if SBD goes back up again? How much much money would I lose out on? Right now, SP should only be recommended for short term speculators looking to nab some quick curation rewards before powering down. Everyone long term needs liquidity as growth is randomly divided between two coins.
- You have to have steem to convert it. If you can immediately market buy back for profit, that should put upward preasure on steem any time sbd creeps. Which it still will.
- Lying to new users about payouts , increasing the skill curve for new users, rewarding new users who look for ways to game the system over those who don't, just overall rubbing the guts of cryptoworld on new users,when steem has the benefit of being the one crypto attracting people outside the ol' boys club is dumb. Holy shit it would be easier for me to get people started if sbd didnt require its own lecture.