RE: Witness Update - Help fix the SBD peg!

[uxair]

ok we do need high steem price, i understood.
but how high SBD price is bad for steem network? is still unclear,
anywayz you have my witness vote, and we want all of the witness to take step for betterment and long life of the cool guy STEEM.
Positive contribution is always highly appreciated.
Good Luck

Comments

[yabapmatt]

SBDs were created as really a user-friendly feature, as it says in the blue paper:

SBD tokens are designed to be pegged closely to one USD, so that users who receive them can know approximately how much they are worth in “real dollar” terms. SBD tokens also offer a relatively stable currency for users to hold if they are looking to preserve their account value relative to USD.

One of the great things about the Steem platform is that it's one of the most user friendly cryptocurrency platforms in existence. That will help drive adoption and help drive the value of STEEM. If SBDs are no longer a stable currency pegged closely to one USD then we lose one of the user-friendly features of the platform and also in that case SBDs are really no different than STEEM and there's no point in having them at all.