Hey,
I earn SBD by making a post like this and then will use the SBD on the market to buy Steem to power up, pay with, etc.
I just feel like two currencies for the same system adds complexity without value. I sort of know I’m wrong but just want to know why lol.
Steem was used to power up steemit account to gain influence via upvotes. It is not intended to cash out.
Sbd is used for rewarding to your post, design for you to cash out, to pay or even if you prefer to buy steem to power up! It is also design that sbd should be eqiuvalent to $1 or 1:1 ratio.
And if you see sbd as pointless, then do not used 50/50 rewards, instead used 100% power up!
I hope you will see its uses, and its purpose!
But why not just have one currency, but on the 50/50 setting, only half of it is automatically powered up, and the other half (what would have been SBD) is liquid? Rather than having a second internal currency just to deal with that created situation?
If it's because it's supposed to be a 1:1 ratio, then you wouldn't end up with cases like this week where it was up at $16, or around 9:1 ratio either.
I don't know why you can't accept its purpose!
Sbd pegged to $1 or 1:1 to your potential rewards, not in current market value!
Sbd is still crypto, once in the market, it can be pumped or dump!
And I don't know why you can't understand that we don't understand why the need for 2 different crypto. Not to mention that SBD isn't pegged as shown by the current value of it.
Or are you trying to say that when SBD is at $2 we get half as much of it as we would when it's at $1, which isn't what's currently happening from what I can tell in my payouts.
Read aggroed post the this issue and history why sbd came in steemit, and its purpose!
https://steemit.com/sbd/@aggroed/the-benefits-of-inaction-a-defense-of-a-high-sbd
Tell you don't still get it,