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RE: My thoughts on the SBD price and a potential witness intervention

in #sbd7 years ago

You asked me yesterday what my stance is on the SBD Peg and I'm right now clearly against it - simply because it would reduce the payout massively - for those users, who actually need it the most: small and medium users.

Exactly, it is like a sales tax - the people most affected are the people who can't afford it.

I understand why @reggaemuffin and & co. are pro-peg - especially for business use-cases.
We both know why a pegged-asset has value. But I don't believe that right now would be a good time to enforce it. I'd rather see this once steem has matured a bit - in the future.

Yes, I definitely see the value in it and in fact my @sbbank project actually took a hit on it. We ended up having to pay out 4 on the dollar. Thankfully, we didn't get that many depositors to begin with!

I've added your witness link to the list and voted you.

From what I can gather, the top 20 are now leaning towards letting it play out. Supply is increasing rapidly and something will eventually have to give.

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