You are viewing a single comment's thread from:
RE: Speculation killed the STEEM DOLLAR Utility
I was thinking about the this the other day and wondered why it hadn't addressed yet. Has @ned discussed this at any point? What can actually be done with out hurting the people invested in it?
It's hard to say. Any action is likely to have winners and losers. Ideally the market just wises up and it corrects naturally. There are actually design mechanisms in place for the witnesses to add bias to dis-incentivise holding SBD but they wont use it because existing users are making too much money off it and they rely on those users for votes.
Welcome to the new world, same as the old world :)