I dont think there is a problem with SBD being a speculative asset.
What sense do you think makes the high SBD price? Does it have any use? Is there any intrinsic value for SBD? I mean there must be something that drives the imagination of speculators who pay that much for it.What could that be?
If SBD was to be decreased to $1, then there is no point in even having the asset at all.
SBD could be more convenient for blockchain based services where you pay with SBD instead of Steem because the value towards the US-$ is more stable and so customers have more security and can compare prices better.
And: Don't you think that it might have negative repercussions if users find out that SBD is an electronic fiat currency and not a blockchain based crypto currency?
People dont buy SBD, they are rewarded for it. Most people dont purchase SBD from exchanges because that is absurd. People are rewarded and use it to buy steem, which is helping to raise Steem value. Isn’t this a good thing?
If the goal is to have a stable currency for a market place on steem where you can use it to buy things, why not just create another assets based on the Steem blockchain that is actually pegged to the dollar? Why decrease the investments of people and destroy a coin’s market capitalization? SBD would be worth nothing and most people would change to receiving 100% steem payouts if this happened.
The whole ecosystem that Steem, SBD and Steemit live in would be hurt by this change. I wrote a post about it. I’m sure your views will differ from mine, but i appreciate the dialogue and feedback. Here is my post:
https://steemit.com/steemit/@ginquitti/high-sbd-or-usd1-sbd-putting-greed-aside-high-sbd-is-still-best
Feel free to check it out if you want