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RE: Still in Defense of a High SBD: Why Witnesses Should not Implement Steem to SBD Conversions Now-

in #steem6 years ago

This. I don't understand the point of the SBD if it's not actually being successfully pegged to the dollar. Why not just get rid of it and simplify things by having only a single floating currency on the platform instead of of two?

I also don't understand the "but we'll get less money for our content" argument. When I upvote something, I'm basically saying I want that post to get a fraction of the "pot" of Steem (or SBD or whatever) created that day, right? So if my upvote is worth 1 SBD when a SBD is worth X USD, then if the SBD is pegged by printing more of them, my upvote will just become worth X SBD when an SBD is worth $1, will it not? The percentage of the pot I allocate to someone with an upvote wont' change…

But maybe I'm just completely misunderstanding.