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RE: What needs to happen to reach $10 STEEM in 2018? (Discussion)

in #steem6 years ago

Good question, with a lot of possible good answers. My answer is to get the foundations SBD and STEEM back to the way they're suppose to be. All else can build off that. In short...

Get rid of the dual currency economy that is now in place, with both STEEM and SBD serving 90% the same purpose. STEEM should be the only tradeable currency, and SBD should be brught back to being what it was designed to be; a debt instrument worth 1USD of STEEM. The peg needs to be repaired, and bidirectional conversion put in place to keep it their. While we have both SBD and STEEM serving largely the same purpose, the system will only work against STEEM by bringing it down with SBD. Both may reach $10, but neither will stay there the way things are working now. It is a barrier to entry for business not having a stable SBD peg.

I posted about this in a little more detail here if you're interested. With SBD approaching 1 USD the time to act may be very near. I hope we don't miss the boat again.

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