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RE: Haejin is going full circle on SBD and putting it all on RED and BLACK
$34 is very bullish for a coin that should be closer to $1. The long term value is in STEEM.
$34 is very bullish for a coin that should be closer to $1. The long term value is in STEEM.
Everything is relative in the crypto world, as it is with everything. I personally think that SBD is as or more valuable than Steem for these sole reasons:
Some may say that Steem is better than SBD because it can be converted to SP for voting, but that is false since you can buy SP with any crypto, not just Steem. Hence SBD can also be converted into SP. When that happens, SBD (or any other crypto) must be sold to buy Steem, which is then powered up into SP.
Taken all these points into consideration, even if there were as many SBD as there are Steem in circulation, the logical market price of SBD will be higher than Steem, hence this is what we started seeing recently.
I think that in the future, central banks will create e-currencies that will be TRULY pegged to the respective local central bank controlled currencies, and those e-currencies with the additional KYC/AML parameters will be traded on the local crypto markets in each country. Just my opinion based on a plausible logical sequence of events/developments.