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RE: Bounty 20 Steem: Should we fix SBD?

in #sbd6 years ago (edited)

To truly create a stable currency, SBD included, it needs to be backed by something or multiple somethings that are stable...more stable than USD. If SBDs were backed by a portfolio of gold, silver, Carbon, Bronze, oil and other natural resources across the globe it would be stable and could be used as global store of value. The systems holding it would also need to be secure (NO HACKING!), easy to use and accessible by all.

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...it needs to be backed by something or multiple somethings that are stable

Ding ding ding! An asset will not have stable value just because you want it to be stable.

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