Wow great post. Just what I was looking for. I haven’t been active on steem lately but the high sbd drew me back in.

I recently purchased a little ebtc because in theory if value is tied to hashing power, then ebtc can track the hashing power (or staking power) of the ethereum network. I completely missed this same dynamic is true of steem dollars.

If steem dollars have limited supply( because they are created slowly and sometimes destroyed or lost) they are backed by hashing power of steem platform which is growing exponentially. Of course the value of sbd will follow the same dynamics as ebtc or bitcoin. I feel kind of stupid now for using it to increase my steem stake.