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RE: Is It Time To Convert Any Leftover SBD To Steem? Is A Re-Peg Possible? + Golos Top Gainer
witnesses are looking for stronger peg, i do not understand the meaning, pardon my ignorance, can you please elaborate what are the additional measures that are going to be taken in order to strengthen the peg.
So far i was thinking that any stronger peg than the existing one cannot be achieved, and i still think if the witnesses somehow achieve a stronger peg, even then the market can still ignore it like the existing one.
P.S.: I am not favorable for any peg other than existing one,
The favored option is to simple add a Steem -> SBD conversion option.
If Steem was $5, you would be able to convert it into 5 SBD. As you might imagine, that would "fix" things awfully quickly.
i like this solution, i must say........that way SP will increase much faster.
however going for this solution is similar to getting rid of SBD from the ecosystem. Why will there be both STEEM and SBD if they are same.
That's a good point. We all know (or should know) the intention of SBD was to peg to USD to make commerce easier. As an author, I'd rather get a higher value to my posts, so pegging SBD to USD seems like it would hurt me. The only way it wouldn't hurt me is if it helped the value of Steem increase.
If it's not pegged, why even have two currencies? Yeah, I'm sure smarter people than me are trying to look for a solution that helps everybody. Reducing the value of author payouts seems like a really bad idea from my perspective.