RE: SBD is broken, why not just remove it? by fuzzyvest

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Viewing a response to: @samupaha/sbd-is-broken-why-not-just-remove-it

· @fuzzyvest ·
$4.91
Steem dollars were never meant to peg strongly to the dollar. Dan always said he EXPECTED SBD to carry a premium and that it was meant to as often as possible be a weak peg with a premium essentially. 

If u want a tight peg go with bitusd and other bitassets. 

Having sbd removed imo is the worst idea there is. Simply because if u have steem backed dollars...EVERYONE knows what dollars are and that this association in and of itself is a huge marketing and mass acceptance bonus.
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vote details (4)
@samupaha ·
$0.64
> Simply because if u have steem backed dollars...EVERYONE knows what dollars are and that this association in and of itself is a huge marketing and mass acceptance bonus.

I've used to think this way. But not anymore, because I just don't see any evidence of this. It hurts the marketing by attracting low quality users and causes suspicions on potentially great users.
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vote details (1)
@fuzzyvest ·
I see no evidence of what u say. :/

But i still love u :]
👍  
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vote details (1)