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RE: Since Binance lists STEEM but not SBD, this is how you sell your SBD there anyway
Seems ridiculous that they’d list Steem and not SBD. But shows just how little care for Steemit itself that anyone trading Steem on an exchange has. Interesting I guess.
I thought it was weird too, but maybe they will add it later, it should be easy to do
Is it weird? My understanding is that SBD is supposed to be a token specific to Steemit. It's supposed to be pegged to the dollar (even if it has wildly strayed from that recently). My understanding is that SBD is not intended to be a vehicle for investment, but Steem is. So, with that understanding, I would not expect to see SBD on exchanges outside of Steemit. (But I'm way new to all of this, so who knows.)
What you’ve said is true in the original Steemit theory, but SBD doesn’t have to just be the pegged Steemit specific token. It can act just like any other altcoin and with the price pumps on other exchanges, this has been the case.
I just thought that by listing Steem, they’d SBD too, but I guess not.
To me, the plan (of pegging SBD to $1) is sound - otherwise, why bother with the third coin/token? My biggest question is, how does steemit practically execute the pegging? Clearly that didn't happen, at least recently - but what was the plan to make it so?
They can change the code to keep it pegged if they want to.
I can see arguments for both sides, but as an author who has been insentivised by the higher SBD to write quality content on Steemit, I don’t want an instant peg.
I think by pegging it, we’ll see a huge drop off in activity which will have a huge negative effect.