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

Viewing a response to: @vcelier/re-samupaha-sbd-is-broken-why-not-just-remove-it-20170528t063116910z

sbd · @pfunk · May 28 '17

$1.59

Displaying in dollars is a better way of fulfilling Steem's mission, which is to get every day people onboard and using a blockchain. Grandma doesn't care what STEEM is and has no association with it being anything of value. $ = dollar, money, value, etc.

👍 vcelier, dragosroua, jasonstaggers, demotruk, solarguy, raluca, mraldo

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@vcelier · May 28 '17 (edited)

Sure. I am not saying that we SHOULD ditch the SBD.

What I am saying is that there are two separate issues.

IF we were to ditch the SBDs, the display for reward

$190.48

could be changed to:

191.03 STEEM ~ $190.48

In fact we could do that now.

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@coinhawk · May 28 '17

In all honesty I don't think Grandma is ever getting on this site. I have to explain from letter A what Bitcoin is to multiple people a day. I am SHOCKED to see how many people have never even heard the word. Circling back to Steem, the difference between Steem, SP, and SBD is highly confusing at the start and I've helped build a few websites. Grandma has no chance. I think I change to showing Steem for value would actually be an improvement. We can only hope Bitcoin continues to have market penetration to pique individuals interest in dipping a toe in other crypto or platforms.

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@pfunk · May 28 '17 (edited)

$0.19

There are multiple grandparents on this site. :) Some of them have not touched anything regarding smart money /cryptocurrency until getting their Steem account.

👍 oldtimer, wordsword

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@coinhawk · May 28 '17

:) You know what I meant. But in regards to your last point...fair enough.

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@oldtimer · May 28 '17

I'm one of them also.

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@coinhawk · May 30 '17 (edited)

I was just reading up on witnesses. I saw that you are one. Any guidance on getting in the mix? I would love a Layman's Term link or quick message about what I would need. I'm 4 days in but I plan on continuing to be more and more involved. This possibly could be out of my level of expertise/time commitment. I am completely fine with "its a lot more involved than it looks" comment. I will have to find other avenues to get more involved. Thanks

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@samupaha · May 28 '17

I disagree with this. By focusing on making money we are getting lots of low quality users. People who just want to get rich quick and do not care about the platform itself or the community. They will leave when they see their rewards going down, just like what has happened.

I think it has been really bad move marketing-wise.

We can't have majority of the people, like grandmas, until we have enough early adopters. To get more early adopters we need to have high-quality community.

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@pfunk · May 28 '17 (edited)

$0.03

Focusing on rewards that have value is focusing on the major selling point of Steem for now. The reality is that other websites have Steem beat on UI and network effect. This can change with better UI and more users down the road but this is the territory we are in. To hide away Steem's killer feature for adopting new users that have no experience with decentralized smart money platforms would be a mistake.

I'm mostly repeating myself here. I've made these arguments before in my comments when this was first given a serious discussion. https://steemit.com/ned/@krnel/ned-on-sbd-does-the-community-want-to-continue-to-be-paid-out-in-steem-dollars

👍 demotruk

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@samupaha · May 28 '17

I'm very well aware of those arguments, I've used them also in the past. But I think it's time to admit that we are not seeing any merchants adopting SBD as a currency. There is no other use besides cryptocurrency speculation and that's not a core business of Steem.

> Focusing on rewards that have value is focusing on the major selling point of Steem for now.

And what I'm saying is that it shouldn't be. Users who come because of money are too low quality to be good early adopters.
- They have very little loyalty, they will leave very soon when their earnings start to drop.
- They are not helping with the network effect because they do not make the system viral by recommending it to their friends (exept maybe for other low quality users).

Focusing on money has caused some bad publicity and made good people suspicious about the platform. For example: [Andreas Antonopoulos](https://steemit.com/steemit/@samupaha/antonopoulos-and-steem) and [Publicism](https://bitcoinmagazine.com/articles/publicism-embarks-on-mission-to-guarantee-press-freedom-with-blockchain-technology-1482342764/).

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@clayop · May 28 '17

$0.45

I don't think so. Displaying dollar can be misunderstood, as I suggested [here](https://github.com/steemit/condenser/issues/992):

> A large portion of socio-psychological hardship in Steemit has come from reward distribution. People sometimes compare much smaller payouts than the bright past in July when trending posts easily got over $1000 (SBD). However, as matter of a fact, rewards in STEEM has not changed muchand what has changed is STEEM price denominated in SBD.

> STEEM is a share of Steem blockchain, and can be considered as a reward point in Steem ecosystem, like Karma of Reddit or Marking of Poloniex. If we can make people to think the reward as a perk, at the same time make them free from money value, Steemit would be more enjoyable and less stressful.

👍 samupaha

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@samupaha · May 28 '17

Thanks for linking this, I had forgotten it.

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@solarguy · May 28 '17

$0.03

Yes.  I like seeing dollar Signs!

👍 solarguy

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