Steem prices would rise, I am sure on that once our user base increase and affluence that comes with it would help...Retention rate and good sentiment are other factors... The HODLing effect has some merits to it and I would go as far as saying the bidbots certainly play a huge part in the later half....
I remain a critic of Stablecoins so excuse me, I do however see a use for them primarily as a hedge for countries who would like exposure to USD but can't hold them because of political reasons like sanctions, casing point Turkey/ Venezuela but the merchant adoption theory I can't buy into it...
Steem remains the King, it would probably been trading and holding steady 10 dollars if it has the supply of SBD... I watch the trading on varying exchange, it takes triple the BTC volume to move Steem prices but as user growth trend higher things should plateau and then take off but for now we should really think twice about debt ratio but lets see how it goes
Good work by you and Tim, I see you working hard on this, lets hope it goes as plan but speculators would be speculators, they see an opportunity they gonna go for it, we should encourage user who has it in moments like these who wants Steem to make the most of it
I would say we agree more than disagree about use cases. Merchant adoption of cryptocurrencies (whether stable value or not) seems to be mostly a solution looking for a problem but people wanting to hold stable value for a variety of reasons is a demonstrated huge market.
It is fair to be skeptical of stablecoins (in some ways I am as well) but I would say this is more than anything an ongoing experiment. The are big challenges but also big opportunities.