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RE: Witness Discussion – SBD price and reverse peg

in #witness-category4 years ago

I think at the current moment it's best to keep it the way it is. The reason for that, is because I think that steemit is becoming more popular way faster, because of the bigger rewards. If SBD came down to 1$ most people would be earning very little and that could discourage spreading the word around. And if it would bring down steem to 1$ as well, it would be a big hit in terms of growth.

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That's roughly my argument.

Roughly my thoughts aswell

Thank you for your stance! This is the argument @aggroed has, so if you vote him for witness, you can support that to happen.

Where would I be able to do that?

I'll definitely do that!

I was around when SBD was SUB $1.00 it didn't stop me from posting. Those who are making big BUCKS from SBD dont want the party to end. - Those are the big earners.

And if it would bring down steem to 1$ as well, it would be a big hit in terms of growth

There is no basis for expecting that, I don't even know where that number came from. Prices may always fluctuate for a variety of reasons but the most direct short term effect on STEEM from STEEM to SBD conversion is positive for STEEM because people would (under the right conditions) buy STEEM to convert in to SBD.

... because people would (under the right conditions) buy STEEM to convert in to SBD.

And thereby also burn the STEEM, reducing supply and likely contributing to even greater upward pressure on prices.