Viewing a response to: @doodlebear/re-ginquitti-re-greer184-unpegged-sbd-a-pointless-speculative-asset-20180124t205942855z
People dont buy SBD, they are rewarded for it. Most people dont purchase SBD from exchanges because that is absurd. People are rewarded and use it to buy steem, which is helping to raise Steem value. Isn’t this a good thing? If the goal is to have a stable currency for a market place on steem where you can use it to buy things, why not just create another assets based on the Steem blockchain that is actually pegged to the dollar? Why decrease the investments of people and destroy a coin’s market capitalization? SBD would be worth nothing and most people would change to receiving 100% steem payouts if this happened. The whole ecosystem that Steem, SBD and Steemit live in would be hurt by this change. I wrote a post about it. I’m sure your views will differ from mine, but i appreciate the dialogue and feedback. Here is my post: https://steemit.com/steemit/@ginquitti/high-sbd-or-usd1-sbd-putting-greed-aside-high-sbd-is-still-best Feel free to check it out if you want
| author | ginquitti |
|---|---|
| permlink | re-doodlebear-re-ginquitti-re-greer184-unpegged-sbd-a-pointless-speculative-asset-20180125t185004483z |
| category | sbd |
| json_metadata | {"tags":["sbd"],"links":["https://steemit.com/steemit/@ginquitti/high-sbd-or-usd1-sbd-putting-greed-aside-high-sbd-is-still-best"],"app":"steemit/0.1"} |
| created | 2018-01-25 18:50:06 |
| last_update | 2018-01-25 18:50:06 |
| depth | 3 |
| children | 1 |
| last_payout | 2018-02-01 18:50:06 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 984 |
| author_reputation | 925,643,469,732 |
| root_title | "Unpegged SBD: A Pointless Speculative Asset" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 32,269,160 |
| net_rshares | 0 |
> People dont buy SBD, they are rewarded for it. Most people dont purchase SBD from exchanges because that is absurd. But they are purchasing it, otherwise SBD had a value of (close to) zero. Especially outside of Steemit, a lot of traders/speculators buy SBD and drive up the price. > People are rewarded and use it to buy steem, which is helping to raise Steem value. Isn’t this a good thing? That's ok, I do that too. The main issue is with what is going on outside of Steemit with SBD, what repercussions it might have on Steem and also the problem that many users don't get the difference between Steem and SBD and even think SBD is the real currency on Steemit. The real fundamental question is: What makes up the value of SBD and what makes it different and better compared to Steem?
| author | doodlebear |
|---|---|
| permlink | re-ginquitti-re-doodlebear-re-ginquitti-re-greer184-unpegged-sbd-a-pointless-speculative-asset-20180126t131023764z |
| category | sbd |
| json_metadata | {"tags":["sbd"],"app":"steemit/0.1"} |
| created | 2018-01-26 13:10:24 |
| last_update | 2018-01-26 13:11:21 |
| depth | 4 |
| children | 0 |
| last_payout | 2018-02-02 13:10:24 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 795 |
| author_reputation | -1,445,012,251,659 |
| root_title | "Unpegged SBD: A Pointless Speculative Asset" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 32,469,852 |
| net_rshares | 0 |
hiveblocks