You are viewing a single comment's thread from:

RE: Comment Contest: Give SBD A Price

in #contest7 years ago

If I had a chance, I'd prefer that SBD values go back to $1. That was the real intention of this SMT - to be a dollar-pegged stablecoin. There would be more perks on holding it, and would make the value of steem rise again, since most would want to hold SBDs. Why?

Stability is an important feature of successful global economies. Without stability, individuals across the world could not have low cognitive costs while engaging in commerce and savings. Because stability is an important feature of successful economies, Steem Dollars were designed as an attempt to bring stability to the world of cryptocurrency and to the individuals who use the Steem network.

From the Steem Whitepaper itself, SBD was intended to be a stablecoin. I believe that what's more important is the value of Steem to rise, rather than SBDs. It was intended for that use, and when SBDs are pegged to the dollar, holders get paid in interest too.