RE: Steemit Devs: Try To Fix The SteemDollar USD Peg In The Next Hardfork And Boost Demand For Steem!
steemit should concentrate on growing first specially when the market is in collapse mode. There is a saying that one should not keep his legs in two separate boats. Steemit should first try to grow and become a good social media and blogging alternative that pays its users. It should stop trying to become everything. On one side it wants to challenge bitcoin, then became an alternative for US dollar, become competition to youtube, etc. concentrating on trying to become all might to collapse. Concentrate on one thing at a time.
Also, haven't you heard news yesterday about Cryptocurrencies in India. Well the thing is there is no point in making it an alternative to US dollar. No country will tolerate its use for payment system. As soon as anyone tries to do so, the countries will try to stop it by making the whole system collapse just like they did yesterday by using their Media outlets. Yesterday the price had collapsed to almost 4000$ per bitcoin on Indian exchange for few minutes. That's how bad the situation was. When US woke up the whole international market collapsed. The price came down to $8300.
The thing that i learned yesterday is instead of waging war on established systems unarmed, we should try to coexist. We should operate as a reward system rather than trying to open market places which run SBD.
This platform is providing employment to many lets not destroy it by decisions like these.
The peg of the Steem Dollar worked fine for 2 years, only the last 3 months it is off. I don't ask the devs to create something new, but to fix something that is created already for a reason and is broken atm. The crash that we have now is based on nothing then air flowing out of the market after a bull run that was way to positive. Governments that announce to ban crypto's will most of the time only stricter regulate it. When they really ban they will miss out way more than the crypto's itself in long term. I don't care about governments by decentralized systems, because game theory will do it's job and the markets will punish the countries that ban and reward the countries that adapt.
Governments don't lose anything it is the people who do. Government and the media of that particular country are spreading rumors to save their banks. Their banks are crashing. People are putting money in crypto instead of banks this is why they are doing all this.