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RE: !WARNING - STEEMIT - MODIFICATION IN THE STEEM POWER -50% - WARNIGN!
I thank you for your interjection.
This post worried me and made me think about selling the STEEM I just bought with SBD.
What is the ultimate source of demand for SBD?
I know it is used for bots but the bot owners sell them.
What are they used for eventually?
The demand for SBD is almost exclusively created by bots right now, but when it is a stable peg it is created by third-party services like storefronts and other services integrated with the platform.
I wrote ultimate demand because the bots are just an intermediate stage.
They do not use SBDs, they sell them.
For example Steem has ultimate uses like voting on posts, voting for witnesses and bandwidth.
Steem is a currency, but not just a currency.
What about SBD?
Storefronts and services that get them and sell them are not an ultimate source for demand either, because they only use them as a currency, and not as tangible goods.
In contrary I mentioned STEEM which has some tangible use.
SBD is just a debt instrument
And Steem is not?
If Steem is useful and SBD is not, SBD is supposed to go to 0, not just 1 USD.
And while USD does go to 0, I meant that SBD should go there even faster, assuming it has no use and is inflationary.
SBD is designed for commerce.
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This comment has received a 37.87 % upvote from @steemdiffuser thanks to: @stimialiti. Steem on my friend!
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This comment has received a 3.68 % upvote from @steemdiffuser thanks to: @stimialiti. Steem on my friend!
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