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RE: Witness Discussion – SBD price and reverse peg

Well, considering as of this comment BitConnect is still selling for $13.35 USD, anything is possible (or, maybe more accurately, anything is possible in this cryptocurrency bull-run).

Yeah, that's a good point about STEEM having some utility value that some may actually pay money directly to obtain does give it a bit more security. At the same time, I see the value of BitShares as largely untapped. What BUILDTEAM is doing, as an example, is quite interesting. I can imagine many other companies doing a similar token model with staking and such. Exchanges that work well have tremendous utility value and BitShares has that also as a functional exchange. This is why systems like OpenLedger, Rudex, and CryptoBridge exist: people want some of that decentralized exchange value and to charge fees for the assets they support. BitShares (the token) makes all that possible, so there's great value there as well.

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I agree on all counts. My point on STEEM vs BTS was not that BTS doesn't have value, but that a bigger portion of STEEM's value might be robust against a collapse in interest for speculative tokens. Of course, there is no way to know for sure.

Cool. Thanks for clarifying. It’s difficult not to fall for the trap of thinking “X is better than Y!” means Y is crap. Y could actually be the second best thing out there. I try not to fall for that one, but it’s so easy. Maybe it’s a sign of our polarized media consumption.