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RE: To SBD or not to SBD – Why is That a Question?

in #steemit8 years ago

Yes. They can price the equivalent in fiat currencies pretty easily and even have a running dollar conversion amount printed next to balances if that would help. I agree that a price stable currency is easier to explain to people, but where we are going with this thing, I hope we will get to a point where it's just "click, click, click" and the casual users simply won't know/care that crypto runs the back end.

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When I look at the big picture I think you may be right. One thing I don't hear anyone talking about on any of today's posts on the subject is how posts would be paid if we made the change.

Next to a post today, the earnings are expressed in SBD and we know this is pegged to the dollar. If the change was made, would the posts earning now be expressed in Steem? And if so, pegged to what? Dollars or today's Steem price?

I assume that's correct. Most of the time, you get some Steem from posting now anyway, so it would just be more Steem if SBD went away.