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RE: Ned on SBD: "Does the community want to continue to be paid out in Steem Dollars?"
It has nothing to do with complexity. The SD reduces demand for actual Steem. That is the real currency. SD is a smart contract.
ahhh I see, make us more like bitcoin. I get it, btc is hot, STEEMIT is not, but maybe we need to get a little more closer to the market cap of bitcoin before making a reverse course now. FULL STEM AHEAD , I say, let the men do their work, faster gents, more upvote power! let's go now!
But if the only token we have to trade is Steem and everyone starts trading it, will it not just flood the markets and drive down the price, negating the stability claimed to be gained by SBD's removal. Having a place to park Steem, in steem power or SBD, is a nice feature.
We all knew the price was going to drop after the fork. I say we leave it alone and work on UI and onboarding features. Nothing will stabilize the price of Steem like more users that we can retain and engage.
No the Steem is already on the markets. If anything it should reduce the Steem on markets as those who want to invest in the Steem ecosystem only have one choice.
It's a nice feature but no Steem is actually parked in the SD. It is a smart contract that entitles you to a certain amount of Steem in the future. If everybody parks there money in SD then their are fewer people parking their money in Steem itself.
if all I had was Steem I would still have 2 choices. Power up or sell my steem for BTC or fiat. No different than now except I would have to decide the minute the Steem is earned to avoid the volatility.
Exactly. So you without it you either choose Steem or you don't. There is no Steem lite with lower risk which is how I'm starting to view SD. By holding SD you don't take the volatility risk.