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RE: Fixing Steem With Baby Steps: SBD

in #sbd6 years ago

The answer is simple: print more SBD.

What are you thinking about implementing so called "reverce convertion", which would allow to print SBD not just "by witnesses", but by everyone, as it's described here :
https://steemit.com/sbd/@lukestokes/should-sbd-be-a-pegged-asset-if-so-when-should-we-peg-it

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I didn't read that but I've already stated that Steem needs a coin exactly like Maker. We should be able to lock up our Steem in a collateralized debt position and create SBD out of thin air just like you can with Dai coins and Ethereum.

The peg that this creates is a stronger one than current SBD by 1000 fold.

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