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RE: Thought Experiment: What would be the effect of crazy-high SBD interest?

in Suggestions Club5 months ago

I am not sure how this would help the price of steem in anyway though. The SP holders that would be selling steem for SBD would very likely drive the price of steem to very low levels and inflate the price of SBDs to very high levels on Exchanges when they move from steem to SBDs. Neither are particularly good for the project imo, especially when SBDs are supposed to be a stable coin pegged to a dollar's worth of steem. Your point seems to be to get the large SP holders/investors out that are "farming" but once you get those holders/investors out, how much value does the project really have?! That is the question...