RE: No-Brainer SBD Potato Top Up Proposal

avatar

You are viewing a single comment's thread:

I think longterm it brings nothing, because the market doesnt see SBD at 1$ otherwise it would be 1$.

And what is if Steem Pumps to XX$, then we print a lot of SBD again.

So what is the benefit of it?

I think SBD cant be abuse save so it should fixed or removed.

sbdpotato
0
0
0.000
2 comments
avatar

I do agree that SBD needs to either be fixed or removed, leaving as is in a broken state is stupid. if steem prints alot of SBD then sbdpotato just needs to keep doing its thing converting the SBD and getting rid of it.

The market doesn't believe SBD is $1 because there is no monetary policy committee behind SBD trying to help peg that, there is no smart contract like the dai or any dollar backed bank account like Tether, SBD is largely just left and not managed in any way and we expect it to be pegged with no effort. sbdpotato aims to change this and bring about some human intervention and governance to fix the peg.

0
0
0.000
Reply
avatar
The market doesn't believe SBD is $1 because there is no monetary policy committee behind SBD trying to help peg that, there is no smart contract like the dai or any dollar backed bank account like Tether, SBD is largely just left and not managed in any way and we expect it to be pegged with no effort

smart contract i think is the right solution. If the Blockchain itself fix the Problem and exchange, that would be better.

Is it possible we replace SBD code with a dai copy for steem? because i think dai works way better.

That would be a great proposal i would support :)

0
0
0.000
Reply