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RE: Campaign to get SBD listed on Binance July 2, 2018
IMO SBD should not be listed, otherwise it can't effectively function as a stabilizing mechanism for STEEM.
IMO SBD should not be listed, otherwise it can't effectively function as a stabilizing mechanism for STEEM.
It is counter intuitive to fix a currency by not using it.
The root of the problem is the amount that is being printed. It shouldn't be a 50/50 ratio. That makes no sense. If there must be a minimum market cap of STEEM to cover the value of SBD, then why do they allow such a high print rate of SBD? The rate should be 25/75 or 35/65. It should not be 50/50. It is like no thought was put into that rate.
You realize by not making SBD available on a major multilingual exchange prevents new money coming into Steemit. This means less money for users and incentive to join diminishes.
I see your point about the print rate and IMO that needs to be solved before adding more liquidity to SBD.
I'd rather focus the efforts on making STEEM available on more exchanges together with easier UX, easier onboarding and better products built for it to increase it's value.
Agree to make an easier UX. Go check out what @theuxyeti is creating