I think it's more confusing without steem dollars. Steem Dollars is like a gateway cryptocurrency. The value is always clear. Steem is becoming more and more liquid with the new economics. For non-cryptos, this is scary. Why would anybody hold money that changes value so often?? That sounds like gambling.
Confusion doesn't help but I think the worst problem with SD is that it makes Steem less desirable and reduces demand. Since it doesn't really go down in value people can hang on to it for long periods of time in the hope that the Steem price will go lower and they can buy back more. By reducing demand for the real currency it hurts us all.
I think it's more confusing without steem dollars. Steem Dollars is like a gateway cryptocurrency. The value is always clear. Steem is becoming more and more liquid with the new economics. For non-cryptos, this is scary. Why would anybody hold money that changes value so often?? That sounds like gambling.
I tend to agree with this. I think people are confused by this and that is a barrier to entry
Confusion doesn't help but I think the worst problem with SD is that it makes Steem less desirable and reduces demand. Since it doesn't really go down in value people can hang on to it for long periods of time in the hope that the Steem price will go lower and they can buy back more. By reducing demand for the real currency it hurts us all.