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RE: The SBD:STEEM debt and payouts

in #steem2 years ago

Hmmm you say you are not a technical person but I am struggling to understand a quarter of all you have written here. It has been well explained and detailed but too technical for me to wrap my head around.

All the while I was looking for what actually happens to our post payouts which you said would decrease . I don't see that as a good thing but you do and my question is why? Wouldn't it discourage people from making contents on the platform ?

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THe system hasn't been working as the system should as the SBD has broken the peg. Yes, people have been able to enjoy higher SBD prices and many (like me) have been able to power up more than normal but, it is designed for 1 dollar SBD. essentially,all people have been getting overpaid for the last 3 months ni terms of real value.

I would actually prefer that after we hit 1 USD per SBD and 1 USD per STEEM, the peg be held firmly at 1 SBD = 1 USD. The crypto space is in dire need of a stablecoin. Having a stablecoin for real world payment purposes would be yet another use case for Steem and a reason for the price of STEEM and Steem Power to go up.

Exactly what the SBD was meant for originally. It was meant to be a satble way to trade without worrying too much about market fluctuations. A tether in the wild would be awesome but some people don't seem to get it.

There are three coins that do that: tether, bitUSD and nubits.

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