RE: I submitted my first hardfork pull request to the Steem blockchain! (Updates to the SBD print rate.) by kirkins

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steem · @kirkins · May 29 '18

SBD shouldn't even exist, it adds nothing. You could just used liquid steem for any case where sbd is used.

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@knircky · May 30 '18

$1.03

Yes it does! It creates a currency. Steem is not a currency, if you want steem to matter in any significant way Sbd needs to work.

👍 solenn, rosethiyada, gregjava

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@kirkins · May 30 '18

Vote bots accept liquid steem, STEEM is a currency. What is the functional difference between liquid steem and sbd?

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@knircky · May 30 '18

$0.94

in order for something to be currency it requires stability, else not useful for commerce. steem is an asset sbd is designed as a currency. sbd has design flaws which is why it does not work as currency either currently. Tim is trying to fix these.

👍 solenn, rosethiyada, gregjava, sorin.cristescu

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1 reply

@silentscreamer · May 29 '18

I agree. But SBDs add liquidity to the ecosystem. Any debt based asset does. 
If it wasnt for SMTs id be for SBDs remaining but with SMTs coming tbere really is no use for them. The peg only seemed as a gimmick to me.

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