> Rather than remaining quiet/silent about it, why not state their position and engage in the discussions?
That would probably create a shitstorm so they let the community have the discussion and wait for a consensus to emerge.
> I think these repeated calls for eliminating SBDs are absurd. There's always some reason or another.
There is nothing absurd if the reasons are legit.
> When the STEEM price was low and the debt ratio was high, everyone panicked about it and wanted to eliminate SBDs, even though the peg was held.
But it required adjusting the system to be able to keep the peg. That was unnecessary work, it would have been easier just to remove SBD in that point.
> When STEEM prices are higher and SBDs are trading at a high premium, people are now calling to eliminate them because "the pegging is broken."
Because **it is**. If it's unable to keep the peg, then it clearly doesn't function properly. So it needs to be either fixed or removed.
> What has been true since last fall is that SBDs can be bought/sold for at least one U.S. Dollar. There has been a stable floor for the token. That was the primary intent for it.
That was the intent when steem was still hyperinflationary. Back then it made sense to have a token in the system that would keep the value. But now steem has only modest inflation so there isn't anymore big demand for a savings token.
So the only usecase left is commerce. But that doesn't work out if SBD isn't stable. In a situation where we are now, instead of full market circulation it will be limited to "earn SBD by blogging" -> "buy something from a store" -> "storeowner sells it to cryptocurrency speculator".
To have a real economy, the currency must keep its value stable so that it can flow to any direction in every situation between all participants. If somebody sells now something for SBD, customers who haven't earned SBD by blogging won't be buying because they would need to buy SBD from markets with huge premium.
> We need long-term thinking here. These reactions to relatively short-term price fluctuations in STEEM/SBDs really should stop.
Here is a fact for long-term thinkers: the pegging system is broken. The peg has been off for weeks now, so it's a concrete proof that the system doesn't work as intended. For a price stable asset short-term fluctuations in price would be something less than 24 hours. Losing the peg for more than a month indicates that the system is fundamentally broken.
It should be pretty obvious that if you are a long-term thinker and want to see SBD used in commerce, there is urgent need to fix it. It is impossible to build a real economy with SBD we have now. Fortunately it wasn't done yet so people didn't lose their businesses.