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RE: Witness Discussion – SBD price and reverse peg

in #witness-category7 years ago

What about allowing 100 pct Sbd payouts? This would allow the natural stabilizers to work twice as fast and is a minor change.
I see an amazing opportunity to dominate store of value coins if we increase the cap of Sbd. A stable coin at 6x the cap would be a great addition the the landscape. “ the stable value coin” of crypto should be backed by something decentralized like ether or steem.

But we can only win this battle if we straighten out Sbd quickly!

Imagine the ability to print the dominant stable value coin (through steem power). This would surpass blogging influence as the reason to own steem power.