Viewing a response to: @clayop/re-bacchist-re-clayop-three-reasons-why-we-should-not-support-feed-premium-20170530t221639531z
I disagree on the first two points, because I am looking at it from another angle. I think it's an almost semantic argument. But I'm not aware of many merchants dealing with SBD exclusively, primarily, or without regard for its market price. I think that it is an obstacle for adoption to have an unstable currency. This is why most people who take crypto payments convert prices according to fiat prices at the point of sale. A high SBD price brings in to question what the utility of SBD is in the first place.
| post_id | 3,217,688 |
|---|---|
| author | bacchist |
| permlink | re-clayop-re-bacchist-re-clayop-three-reasons-why-we-should-not-support-feed-premium-20170530t222357788z |
| category | witness |
| json_metadata | "{"app": "steemit/0.1", "tags": ["witness"]}" |
| created | 2017-05-30 22:24:00 |
| last_update | 2017-05-30 22:24:00 |
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| percent_steem_dollars | 10,000 |
I think stability is not the key. Please read [my post](https://steemit.com/steem/@clayop/toward-mass-adoption-of-steem-dollar-is-pegging-really-important)
| post_id | 3,219,064 |
|---|---|
| author | clayop |
| permlink | re-bacchist-re-clayop-re-bacchist-re-clayop-three-reasons-why-we-should-not-support-feed-premium-20170530t232805711z |
| category | witness |
| json_metadata | "{"app": "steemit/0.1", "links": ["https://steemit.com/steem/@clayop/toward-mass-adoption-of-steem-dollar-is-pegging-really-important"], "tags": ["witness"]}" |
| created | 2017-05-30 23:28:09 |
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| last_payout | 2017-06-06 23:28:09 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 SBD |
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| author_reputation | 274,017,170,680,915 |
| root_title | "Three Reasons Why We Should Not Support Feed Premium" |
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You make some interesting points, but I have a different point of view on it. I don't have any interest in SBD somehow replacing USD. But I do think that it has value if the peg is reliable, for being more comprehensible to the general public and easing their transition to using crypto in a way that is not intimidating. And if the peg is reliable, it would reduce the overhead of anybody who would want to do business on the platform, by eliminating uncertainty and conversions between fiat and SBD...
| post_id | 3,219,602 |
|---|---|
| author | bacchist |
| permlink | re-clayop-re-bacchist-re-clayop-re-bacchist-re-clayop-three-reasons-why-we-should-not-support-feed-premium-20170530t235915391z |
| category | witness |
| json_metadata | "{"app": "steemit/0.1", "tags": ["witness"]}" |
| created | 2017-05-30 23:59:15 |
| last_update | 2017-05-30 23:59:15 |
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| cashout_time | 1969-12-31 23:59:59 |
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| root_title | "Three Reasons Why We Should Not Support Feed Premium" |
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| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
I understand your point of view. But do you have a plan when converters have significant loss due to feed premium?
| post_id | 3,220,099 |
|---|---|
| author | clayop |
| permlink | re-bacchist-re-clayop-re-bacchist-re-clayop-re-bacchist-re-clayop-three-reasons-why-we-should-not-support-feed-premium-20170531t002507087z |
| category | witness |
| json_metadata | "{"app": "steemit/0.1", "tags": ["witness"]}" |
| created | 2017-05-31 00:25:09 |
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| root_title | "Three Reasons Why We Should Not Support Feed Premium" |
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| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |