Getting rid of SBD-tokens from CORE to concentrate capital on STEEM-tokens!
Instead, you will get higher STEEM+SP Rewards - SBD has failed us for 2 years already.
We do not know who came up with the idea of SBD, but after two years of watching it fail again, and again. It is time to speak up and say enough is enough.
When HitBITC manipulated the price of SBD the first time, it affected every merchant accepting SBD in their shops. Steem Monster cards became insanely cheap along with a long range of services that use price data from coinmarketcap, worldcoinindex and other places.
It has been discussed before, to get rid of the SBD - remove the SBD equation from the CORE economy and put it back in again as an SMT with no PEG promise, nor part of r_Shares. We think it is at least time to get SBD out of CORE and simply stop producing more SBD.
CONCENTRATE CAPITAL ON STEEM!
It is hard to build up the STEEM economy with SBD functioning as an anchor slowing us down all the time. It has been the topic of most confusion and frustration from users to super-users, witnesses and investors seeing their investments being moved from right to left. Was SBD just a big hoax designed to stagnate STEEM from growing in the marketplace? It certainly looks that way after two years of observing its behavior.
CONVERT YOUR SBD TO STEEM NOW
Thankfully you do not have to sit on a bunch of dead coins, STEEM has an effective system to convert internally all SBD to STEEM so that will not be a problem. People who bought SBD over $1 obviously did a stupid mistake and must take their losses, sorry, that is life.
Also see: https://steemit.com/zappl/@zappl/zappl-com-supports-the-idea-of-getting-rid-of-sbd
Thank you!
SBD doesn't need to be removed, it needs to be fixed to its 1$ value, having a stable coin on the platform gives a lot of options to business looking to get started, instead of removing it, we should be looking at other stable coins like TUSD and Tether and apply what they do to SBD to make it peg to 1$ instead of trying to remove it, in the long term, removing it will be bad for businesses looking to get established here.
Agreed. The $1 stable coin is needed. Simple way to solve this is refuse to see your SBd for less than $1 worth of STEEM. There market makes the value.
There has been a lot of rant about this for a while, but I still don't get what the real issue is here.
It seems when referring to HitBTC pump schemes as a problem for shop operators, people accepting SBD should use a different price feed than HitBTC. After all, these same shop owners could also exploit those pumps to make more from their SBD.
Also, simply removing SBD won't do the trick. SBD may not be very liquid on exchanges (yet), but it's very liquid inside the system because it doesn't provide an ROI unlike (powered up) Steem. Therefore, users are much more inclined to spend SBD than Steem, which is the exact reason why everybody is using it as currency.
I'd really love to hear some actual arguments about why SBD is such a problem and what exactly the alternative would look like.
As if navigating the steemit ecosystem wasn't confusing enough with all the dAPPS, block explorers, vote bots, implied rules, unspoken rules, etiquette and whatnot.
Explaining the difference between SBD and SP and STEEM and how each works and payouts to new users is insanely difficult.
Agree we could do without it.
Confusing to say the least, how about incredibly intimidating! it is truly an honor to read all of the comments from individuals that have high rankings. Do not get me wrong, you see , I dropped every other social media source and went all in on this pilot program. At first I was bullish, not I am a bit bearish.
the last straw was the fact that I was told that I could not use @dlive for submitting openmic contests by @luzcypher and the rest of the fluke sat there and let him embarrass me and drag my name into some blacklist that I am not aware of.....Furthermore, wow if I would of done just abit more research I would of not uploaded to @dtube. I just started following you. From a fellow Harley enthusiast.
I would like the speedy growth of our token)
I agree that SBD is unneccessary and only complicates things for the average Steemit user. A reward in Steem would be totally sufficient, of course in the same value of what we get now as Steem/SP/SBD combined. Then everybody can decide what to do with that Steem, like power up or whatever.
May be SBD has a meaning and purpose inside the Steemit company, I dont know. But the Steemit users can live without it.
Well, of a truth, the token distribution is some sort of confusion but one needs to know what steeminc are really doing about it before they sheepishly sell their SBDs at extreme losses to whales who are waiting for it on the other side.
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Having SBD well over $1 is a problem, but it has a solution that could benefit all users. I don't understand why, but there is a market for SBD at inflated prices, so lets just feed the market. Increasing the printing rate or an airdrop, it doesnt matter, just mint more SBD and sell it.
I prefer the airdrop method because it puts the SBD into the hands of people who will sell. The whales are already sitting on unused SBD and their hoarding has caused this problem. If there was an airdrop, or a series of regular airdrops, it would have effect of a negative intrest rate in fiat. The crypto marketplace as a whole certainly does not need any stimulus, but apparetly the STEEM market does.
Highly rEsteemed!
may be its the right time to move on and change some algorithms what say steemians