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RE: Welcome Back STEEM BACKED DOLLARS (SBD) - [steem] [blockchain] [rewards]
I think SBD is annoying and would rather it not exist. I don't see any benefit. Some people think they're making extra payouts when it includes SBD, but after converting, it's the same. It's just an extra step and wasted time, for me.
But hooray for everybody that likes it!
Hello @drutter The thing with SBDs is that it is supposed to represent the Steem economy as a mature market, where the price of Steem coins can rise or fall, but in theory, the price of SBD is supposed to remain at $1 US Dollar or very close to that. This would thus eliminate vendors' and buyers' worrying about the Steem price fluctuations when using SBDs since they are supposed to "always" be $1 Dollar.
If SBD can become a true stable coin, this could bode well for the overall value of the STEEM blockchain, and Steem coin. We'll see.
That sounds fun but doesn't make any actual practical sense to me. "Should be" and "supposed to" don't matter in the real world of finances. Nothing about SBD is stable or useful.