Careful here, while the charts may show this as a wise move I have heard that Steemit wants to get rid of SBD entirely or at least peg it to $1 of Steem with a hard fork, see @aggroed's post https://steemit.com/steem/@aggroed/still-in-defense-of-a-high-sbd-why-witnesses-should-not-implement-steem-to-sbd-conversions-now.
Outside of Steemit what use does SBD have?
Yeah, it's certainly not without risk. On the other hand, it could take months before that actually happens. Look at the historic price chart. SBD was around $1 for a long time and then just exploded.
I'm not really sure about the uses of SBD. I haven't looked into it that much since I'm not holding it long-term. Is it a steemit-specific crypto?
Exactly. I believe there are 20 witnesses that have said they will vote for the $1.00 peg. (which of course was the original design concept.) This could have a huge impact on authors who have left their day jobs. But in the long run, I think it will be difficult to keep the platform healthy unless there is a more stable reward.
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