RE: The trouble with SBDs - a poll
My thinking in this situation is as follows:
If we peg SBD to 1USD we become no better than the fiats we seek to distance ourselves from. The option to democratically lower/raise the interest rate and the market price for SBD is a great option for Witnesses and the community.
Lets be honest though. There is no "better" solution. Every approach to this current situation in the market is circumstantial to the user and their core views. What might be better in my eyes may be worse in your eyes.
Ideally the whole split of opinion on this topic will shake the seats of the current witnesses and weed out the ones the majority of the community aren't represented by. Hopefully also igniting more of a conversation around how individual users influence the market
I don't agree. I think it's a useful stepping stone on the way. Many merchants in the world use USD so it's helpful to have a frictionless way for them to migrate to using crypto as their currency of trade, this is what the peg is about. No need to throw the baby out with the bathwater.