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RE: Steem Basic Income (SBI) - Interview with @dynamicgreentk
Great stuff!
Spending that much payout into the system is either brave or smart maybe a bit of both. But the more I try to understand the project the more I think it is a smart investment.
I would say smart, but I could be biased. It's definitely a bold choice!
With no doubt, it's smart. Who's committed here now in the beta will enjoy enormous benefits in the long run. I just hope that the conversion ratio sbd/steem goes back at least to 0.90/1 .. any thoughs about why we are at a shitty 0.65? Buying an SBI now it's way more expensive...
Most crypto-currencies are sliding, but a substantial amount of STEEM is locked up as SP. So it's not sliding as quickly because there is less selling pressure.
Long run, it's healthier for the Steem ecosystem for SBD to revert to 1 and STEEM to be the strong currency.
As I thought.. so there's correlation to the market overall trend and it's connected with the discrepancy in liquidity. This is very interesting and the sbd steem in a bullish market is a bit like a tether dollar, hence the ratio gets favorable. Basically buying SBI shares is more convenient when the crypto market has spikes. Thanks for clarifying Joseph.
If your source for investment is SBD earned from posts, then it would be more convenient when SBD has spikes. Whether SBD continues to spike when everything else does remains to be seen.