It's settling down. I don't think this last aberration is proof that it's a bad idea.

A person that claims to be an Anarchist and is around for only the money is a fucking idiot and never was an Anarchist to begin with.

I got an better idea, Why not take fee when there is SBD inter account transfer? That way Steem holders can get benefit from SBD and Steem community can issue more SBD!

It's fine. For now we can give it some time to correct itself naturally, now that there has been a constant supply for a bit. If it still trades high, a mechanism like the one @timcliff made a post about could be an option.

For the reasons why it should be kept, I left a handful of comments in this post: https://steemit.com/ned/@krnel/ned-on-sbd-does-the-community-want-to-continue-to-be-paid-out-in-steem-dollars

You may be right that we don't need the SBDs.

However, I don't think there is a need to ditch SBDs if the only reason is to display the rewards in STEEM. 

I think that changing the display of rewards to STEEMs may be done now, without the need to ditch SBDs at the same time..

Why you are saying SBD is broken?

First we had a triple in price of steem in satoshi and at the same time a double of price in Bitcoin.
Second we had less payout. 

So SBD had a problem keeping up in the biggest bubble (so far lol) of this year. 
Yes, that is not good. But is SBD broken?
At the moment it is at 1.36$ - 1/3 down from the 2$ it was.
Wait a week or maybe 2 more and it will be at 1$ if the exchange prices are stable now. 

>When users start to think in "reward points" (in this case steem tokens) rather than dollars they will become much more engaged.

That is your very subjective interpretation that I very subjectively call Bullshit.

How harmful it would be for the community if SBD will get removed?

Myself, I worry that it's still to early to remove SBD.  It got us this far... and we're not out of the woods yet.

SBD is meant to be approximately a $1.00 worth of steem, so it could be used like a currency for purchases like how Bitcoin is used on e-commerce sites.

(Yes I know, SBD has been bouncing around and isn't always $1.00 -- but it really should be an average of $1.00 over 7 days I think)

I like the idea of SBD.  I just wish it would stay near $1.00 of steem so we can get more e-commerce sites accepting something (like SBD) in crypto that is always worth approximately $1.00 USD

If STEEM itself jumps around in price too much, it gets confusing.  We really should have SBD as a normal "peg" that tracks the US Dollar... it brings stability to STEEM in certain ways.

I don't know, let's ask Dan, Ned, and whomever was here during the initial days of when SBD was coded into the system if it is time to remove it.

So there has been huge demand for our derivative token in recent months, but it's a problem because of a display issue which we could easily fix on the front end?

The extra purchasing power of the SBD is more a benefit than a problem. The display and perception problems can be tackled on the front end before you eliminate one of the central premises of the system. The high price is evidence of *high demand* for the product. It would be shooting ourselves in the foot to eliminate a high demand token from the system.

Indeed. It makes sense that an author's worth will be evaluated both by their ability and long term investment. Steem Power does exactly that. I also think that there should be a choice (perhaps a mini exchange widget within the wallet widget) where the user turns their Steem into SDB.

Hm... Guys. If there is choice between @timcliff's proposal of fixing the SBD peg by making it more complex and removing SBD interely, then I'll choose get rid of SBD, instead of adding additional risks for platform.

Luckily, we don't have to choose, so **let it be the status quo**.

That is true!

This should be implemented: https://steemit.com/sbd/@timcliff/saving-sbd-proposal-to-restore-the-usd1-usd-usd1-sbd-peg

and everything will be ok again.

I am kind agree with you. The only benefit of SBD is flooring rewards for authors. But its cost is quite bigger (i.e. publishing price feed, adjusting witness policy, additional selling pressure when STEEM price is going down, etc.). By removing SBD, we can remove large proportion of complexity.

Pegged asset sounds sweet. But in fact, it is basically a community money as well as STEEM. For instance, ETH person never uses SBD even though 1 SBD perfectly equals to $1, while Steemian is willing to use both SBD and STEEM as a payment method. Volatility is less important than belief in the platform.

The volume trade on Poloniex for Sbd is too low, sbd is not so high for the traders considering what money they trade on other cryptos. If you remove Sbd from poloniex 100% the price will be under 1$.

You don't need SBD when you display de rewards in Steem in combination with the estimated post value. Like the estimated account value of the wallet.

I don't think the dollar amount shown on a post does any favours for steemit as a serious blogging site, I would rather a more discreet value indicator.

> The funny thing is, those successful authors who left the platform when the price went down, would have multiplied the value of their earnings if they had stayed and taken their rewards in SP instead of SBD.

How so? New here and really, for me, rewards are secondary. I wish to increase my steems... so I powered up as suggested by others.

Then switched back to 50/50.

SBD is doing just fine.
So far I've made quit a bit of money just trading on the difference between it and steem
it's not broke...so don't fix it.

I think a good solution good be to ditch SBD but not to solely display the paid out Steem.

Instead display additional information in the form of an constantly updated real dollar price.

Displayed author reward: 100 Steem (currently worth 101 USD) 

By displaying the current value even the articles which were written when Steem was valued 6 cent, would now show high(er) rewards. It would also promote the idea of striving for a higher market cap as it will highlight how user funds are affected by a price increase.

I disagree.  I like SBD.  I do wish it was more closely pegged tot he US dollar so it could be used as it was intended.  A stable currency.

It's not easy to keep anything stable in a free market such as the crypto world but it's worth doing.  

Once SBD becomes more mainstream and Vessel wallet comes out I think more shops will take advantage of a Stable SBD and that will increase Steem value.