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RE: STEEM backed Dollar (SBD) is back to one USD. Is it time to apply reverse peg to make SBD stable for ever?

in #sbd6 years ago (edited)

I am new to the steemit community and to be honest yes it is demotivating right now to see the price of SBD falling. :( But its a bear phase in the market which will probably soon subside..

I am not in favor of enforcement of peg at the risk of substantially dropping post rewards which I believe are responsible for increasing growth on the platform.

But having said that I'm in favor of this down the road if steemit can substantially grow its user base and thus the marketcap to the point where SBD can actually serve it's function as a stable asset... we definitely need more stability in cryptos for them to be used against fiat....

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