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RE: No-Brainer SBD Potato Top Up Proposal
Voted :)
But I would prefer you to keep the funds and:
- continue conversion if SBD drops below 1 USD again
- sell SBDs if SBD prices goes above 1 USD
Then maybe in the future the process could be decentralized by building it into the blockchain like @steem.dao. The more systems the stablecoin has to keep the peg the better.
Thanks so much, some stakeholders would like some certainty as to what happens to the funds when they are no longer needed which is why I clarified that point. It would also be better if it was handled at chain level in future using the dao as a conduit.
Layer 1 smart contract platform wars are likely the narrative for 2020, after the SMT HF I would strongly vote for smart contract ability on Steem so that much of this could be automated at chain level and remove custodial and counterparty risk altogether, once we have a bulletproof SBD peg we can diversify into things like SBEUR and SBJPY etc, i believe there are almost 3 times as many Euro based crypto users than US, so makes sense.