Only the STRONG will survive
This is the healthiest thing that could of happened to crypto. I'm actually hoping that btc mining becomes unprofitable when and if it goes below 3k so that POS coins can takeover the top spots on CMC.
Remove SBDs competely because a) they don't hold a peg either upside or downside so it's pointless b) it puts selling pressure on steem during these low prices c) it makes it more complex with exchanges. Making things as simple as possible for exchanges should be a huge priority.
My suggestion for #2 will prob be ignored but it was worth a try lol.
Internal market is very important as long as sbd is around
im not talked about internal sbd/steem market.
I talked about buy/sell button which goes to blocktrades!
People buying or selling millions of steem and its not showing in exchanges (like bittrex,binance)
and people dont see volume of all trades, and because of it steem is much much underrated in crypto.
Not to mention huge conflicts of interest and centralization issues surrounding the inclusion of contractors who helped built bitshares and steem being the built in outlet for transactions.
I asked @ned 18 months ago "get rid of SBD" because it's too difficult to explain to new users, AND you admit yourself, "it's always broken"... but he could not extract the idea from the product at that time.
I don't believe there ever was a "product", just a test lab.
Steemit and Steem itself is a test lab, everything is a test lab. I think removing SBD is a step in the right direction. There are other stable coins specifically designed for this. Also caculators do the job just fine in calculating the amount of steem needed for any given transaction.
Yes SBD's are a liability.