You are viewing a single comment's thread from:

RE: Steem Platform Proposal: Trade Vested Stake (SP) for Liquidity (Steem and/or SBD)

in #utopian-io6 years ago

Hello @scipio, thanks for contributing to the steem project via Utopian. From a user and an investor point of view, I do not think this is best for the ecosystem. This is because the moment SP becomes easily dissolved into steem/sbd or any other crypto, it might end up losing value, even though there will be a considerable loss converting from SP to Steem/SBD. I tend to agree with some of the points made by @ura-soul, this points are indeed substantial and should be taken into consideration before implementing this proposal.
If SP becomes easily exchangeable regardless the cost, one could easily invest million of $$ to buy SP, use his/her stake to self-vote for a complete month and finally instantly convert the SP into Steem. The cost of exchange would have been recovered in 3-4, and the rest becomes profit which apparently is still the case of the current system.
By the way, your contribution via Utopian was moved to the idea category as its more like a proposal and not a blog.

Your contribution has been evaluated according to Utopian policies and guidelines, as well as a predefined set of questions pertaining to the category.

To view those questions and the relevant answers related to your post, click here.


Need help? Write a ticket on https://support.utopian.io/.
Chat with us on Discord.
[utopian-moderator]

Sort:  

Thank you for your review, @knowledges!

So far this week you've reviewed 3 contributions. Keep up the good work!

Coin Marketplace

STEEM 0.29
TRX 0.11
JST 0.033
BTC 63458.69
ETH 3084.37
USDT 1.00
SBD 3.99