I think those benefits come when we are larger. I think we should do this in the long run. But we need more active users to make it worthwhile.
We use high sbd to fuel growth in our infancy and when Steem is large enough (10B-100B marketcap) and assuming it's not being used as a high value store of wealth further down the road we can implement this. I'm not suggesting we wait 10 years. I think it'll be within 1-2.
I totally agree! lets bring those people to the platform now, that is what we need. More people= more development = more applications = more growth. I hope we dont tumble back down again, damn.
I feel the biggest hurdle to overcome for people to get onboard with Steem is not the heights of the payouts. The payouts are so incredibly high, they are likely not making this platform more attractive, but rather give it a 'scammy' and 'fishy' appearance.
Here's an example, this is a post with 15K views, you probably have seen it. When people outside of Steem realize $811 is in fact about $3000 USD, do you really think they'll perceive Steem as a long-term stable balanced community where high quality content is valued?
Does high SBD fuel growth?
If so, does it attract the crowd we'd like to welcome on this platform?
Could volatility in the SBD value and the uncertainty and speculative element of that scare away the people we'd really like to see here?
I don't understand. Why would we ever need reverse conversions, especially when Steem is large enough? STEEM's price being large would make the peg work by itself.
I agree that foolish speculators should be used to feather our nests.
If they can't read the white paper and know that we only promise 1usd of steem per sbd then maybe they shouldn't be speculators.
I think the peg comes down in time by it's self.
Until then the early authors get a little bonus.
And,
If stinc is for it, I am against it, they have shown their true colors enough for me.
That's actually a really good metric to use for decision-making. I approve!
Good morning @aggroed. I see your point on the benefits to you and your respective coutries, But, many 3rd world countries would not accept the currency as they are already struggling to maintain their own currency.The infrastructure will not be available to implement crypto payments. The effect of this will be that lets say in this instance that 1/3 of the worlds Steemians will benefit from it.There are loads of bloggers from impoverished countries or areas bettering their lives through Steemit.From there on one of two things will happen. Either Steemit will lose quite a number of active bloggers because they have no more real benefit of using Steemit to earn some income as they do currently.The other option is that they will stay on but posting loads of content to try and make up for the lost income, meaning that 2/3 of the posts will be pushed down so quick and great content will be missed or not see.It will be like another Facebook, except everyone will be in a posting frenzy to accumulate Steem. The essence and the thing i love most about steemit is meeting people from around the world.I would hate to see people leave Steemit because of this. I believe in the growth of SBD because it has the great backing of steemit and a GREAT community behind it. Thank you