Wow, reading these comments is quite discouraging. Seems many don’t understand all the issues surrounding the SBD peg and the potential for a huge upside for the entire platform if it’s stable at $1 as originally designed (including bloggers who enjoy the rewards pool payouts).
Maybe I’ll do a post or a video trying to explain things a bit more. This isn’t a black and white issue where witness who want a stable peg want to also hurt anyone else. SBD may end up coming back down to $1 on their own. The potential upside in terms of Steem value (which in turn increases the rewards pool) is very real. It’s a complex issue which people should really understand before jumping to a position on it.
Edit: I just posted more complete thoughts on this: Should SBD Be a Pegged Asset? If So, When Should We Peg It?
wow, I want to understand too mr stokes. Im quite confused too, coz as I see it, sbd is just like Gas and other dividend coins(obviously NEO is all I have I just dont know about qsp they said it generates dividends too). Does it damage anything in the platform if the auxilliary coin rises?As I see it, the rise of sbd also contributes on the popularity of steem that leads people to powering up which is of course good for the platform
My longer answer can be found here: Should SBD Be a Pegged Asset? If So, When Should We Peg It?
thanks, really liked the response.
I think you should do the post. In your other comment further below, you also mention how all the witnesses are "reading through thousands and thousands of lines of discussion takes hours, let alone contributing our own perspectives. We're reviewing papers on stable coins, debating macro-economic theories". Why not share some of this?
I would also consider listing the questions that you ask yourself, or that witnesses ask each other, where you feel unsure, rather than just trying to argue your own case. Use the #discussion tag and let people first get a feeling of transparency where they can see what is being discussed and considered, and then voice their opinion on the matter.
It's great to see how many different witnesses have commented on this post. But it would have been better if it was in a setting that invited a conversation.
I finally got my post up. It took many hours to upload and convert the video as I did both a video format and a text format (the video was over 21 minutes long!).
Should SBD Be a Pegged Asset? If So, When Should We Peg It?