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RE: Delegated Proof of Stake (DPoS) and Free Market are Incompatible?
Thanks for the comment. To a certain extent, I agree that the design of the product (SBD in this case) can be improved. But I would definitely keep some protective layer (which SBD is, at the moment) if that is possible within the main design of the DAC.
My question regarding the coexistence of DPoS and Free Market was related to the comments I received, and you pointed out even better than me how things actually are. Well said.
A little bit better might be to say that SBD is a product that's half successful. The basic promise that Steem DAC makes when marketing the product, has two features: Price of SBD won't be less than a dollar, and it won't be more than a dollar. It has kept the peg downwards, but the upward peg has been more or less off too long time.
Usually companies/organizations are not successful in the long run if they offer failed products for the markets. That's why I think it should be removed. I don't think Steem community has enough skills to rewrite the system and make it work as promised.
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