Viewing a response to: @samupaha/re-noisy-re-samupaha-sbd-is-broken-why-not-just-remove-it-20170528t090040191z
BTS system is too complicated! And.. there was never a successful peg. BitUSD was always more expansive than USD.
| post_id | 3,136,063 |
|---|---|
| author | noisy |
| permlink | re-samupaha-re-noisy-re-samupaha-sbd-is-broken-why-not-just-remove-it-20170528t090227505z |
| category | sbd |
| json_metadata | "{"app": "steemit/0.1", "tags": ["sbd"]}" |
| created | 2017-05-28 09:02:27 |
| last_update | 2017-05-28 09:02:27 |
| depth | 3 |
| children | 5 |
| net_rshares | 0 |
| last_payout | 2017-06-04 09:02:27 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 SBD |
| curator_payout_value | 0.000 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 113 |
| author_reputation | 54,116,952,654,646 |
| root_title | "SBD is broken, why not just remove it?" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
It has been holding the peg much better than SBD because it's so easy to crete more supply if there is more demand.
| post_id | 3,136,226 |
|---|---|
| author | samupaha |
| permlink | re-noisy-re-samupaha-re-noisy-re-samupaha-sbd-is-broken-why-not-just-remove-it-20170528t091309657z |
| category | sbd |
| json_metadata | "{"app": "steemit/0.1", "tags": ["sbd"]}" |
| created | 2017-05-28 09:13:09 |
| last_update | 2017-05-28 09:13:09 |
| depth | 4 |
| children | 4 |
| net_rshares | 0 |
| last_payout | 2017-06-04 09:13:09 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 SBD |
| curator_payout_value | 0.000 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 115 |
| author_reputation | 43,651,583,224,016 |
| root_title | "SBD is broken, why not just remove it?" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
so lets add a possibility of creating more SBD on demand, as timcliff suggested.
| post_id | 3,136,305 |
|---|---|
| author | noisy |
| permlink | re-samupaha-re-noisy-re-samupaha-re-noisy-re-samupaha-sbd-is-broken-why-not-just-remove-it-20170528t091823930z |
| category | sbd |
| json_metadata | "{"app": "steemit/0.1", "tags": ["sbd"]}" |
| created | 2017-05-28 09:18:24 |
| last_update | 2017-05-28 09:18:24 |
| depth | 5 |
| children | 3 |
| net_rshares | 0 |
| last_payout | 2017-06-04 09:18:24 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 SBD |
| curator_payout_value | 0.000 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 80 |
| author_reputation | 54,116,952,654,646 |
| root_title | "SBD is broken, why not just remove it?" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
It still keeps the systemic risk. If the price of steem is in a bubble and demand for SBD happens to be great, people will create too much SBD. There will be problems when the steem price gets corrected down again. BTS mechanism is better because users who create SBD will bear the risk, not the whole platform. It's unfair to force every user to take part in cryptocurrency speculation markets.
| post_id | 3,136,577 |
|---|---|
| author | samupaha |
| permlink | re-noisy-re-samupaha-re-noisy-re-samupaha-re-noisy-re-samupaha-sbd-is-broken-why-not-just-remove-it-20170528t093707558z |
| category | sbd |
| json_metadata | "{"app": "steemit/0.1", "tags": ["sbd"]}" |
| created | 2017-05-28 09:37:06 |
| last_update | 2017-05-28 09:37:06 |
| depth | 6 |
| children | 2 |
| net_rshares | 0 |
| last_payout | 2017-06-04 09:37:06 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 SBD |
| curator_payout_value | 0.000 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 396 |
| author_reputation | 43,651,583,224,016 |
| root_title | "SBD is broken, why not just remove it?" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |