I don’t like the idea of tinkering with the peg. I would not like to have my rewards cut to a quarter, hell I just started making 0.01 SBD on my upvotes. More than that, I have used the SBD/Steem price difference to build my SP.
I don’t believe the peg can be maintained. As long as our two curriencies are available for trade offsite, they are subject to wild speculation. To be a Crypto, is to be unstable.
If the original goal was to have SBD stable enough to be used by merchants, that is something that should wait until we have active users that number in the millions. For that to happen the rewards will have to remain high to draw the people.
This is contradicted by multiple other pegged cryptocurrencies which do maintain stable values a lot better than SBD. They still have some fluctuations, pumps, etc. but the recover from them a lot more quickly, because they have all the necessary mechanisms to adjust supply to meet demand. SBD is missing one.
I am fairly new to the whole crypto thing so was not aware there were stable currencies. I would appreciate your naming a few as it warrants my further study. My intuition is they are more stable for reasons not connected to the problem we have with SBD/Steem. Thanks for the reply, btw!
BitUSD, BitCNY, NuBits, Tether. DAI.