Hi, whats your opinion on SBD not being printed anymore? Was it a bad idea from the beginning? Will it be pushed aside and slowly replced by just Steem?
Hi, whats your opinion on SBD not being printed anymore? Was it a bad idea from the beginning? Will it be pushed aside and slowly replced by just Steem?
I don't think it will be pushed aside. Hardfork 20 has explicit new rules for SBD printing, which will - probably - do a better job at preventing pumps and dumps. As for stopping to print SBD, I'm not seeing this for the first time since I'm on the platform, it happened in the past as well.
I see. Im wondering what purpose SBDs have after going off 1:1 peg to USD. Is there a good reason?
SBD is a "stablecoin" and its initial (and current, IMHO) purpose, is to make activities like eCommerce doable. You need to know your purchase made 30 days ago is still worth the same as today (roughly).
Maintaining such a stablecoin, well, that's another story and it's quite difficult. But not impossible.