One thing to remember is that this isn't an American platform, it's a global platform.
When people talk about “making a living” from Steem, they usually imagine the big posts with hundred dollar payouts. Reducing a minnow's 2SBD payout from $10 to $2 is unfortunate, but not the end of the world, right?
Except that minnow whose payout is reduced might never see a single US dollar. Instead, he would convert his 2SBD directly to 600 INR. Spending 200 INR daily, his original payout would be enough to buy food for three days.
Limiting growth potential to benefit theoretical vendors at the expense of very real users will discourage those who have already started to believe in their ability to create opportunities for themselves on this platform.
I fully support this.i think that it is good for steemit to freely increase sbd because if people have no money then how they buy goods and services If we down sbd for implementing as stable currency
You're absolutely right. The economic reality does not look the same everywhere and the most intelligent regulator is the market. One way to inflate SBD would possibly allowing rewards payed out 100% in SBD.
Yes great point ellievallie I think you are correct. The excitement of the newbie is not totally tied in the run on the value, but it does validate to some point until they see some real success. I would be more up for a round number of availability, in the form of something like a reverse-split in steem/dollars, which would make much more sense down the road for sure. If you have the continual growth that a BTC experienced how stupid is it trading 1/10,000th of a coin? Good points @ellievallie UPVOTE