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RE: Steem Experiment: @whatsup Burn Steem Post #1
I still don't get why we need Steem and SBDs when 1 currency will do.
And why create it to burn it, just don't make it in the first place...
I still don't get why we need Steem and SBDs when 1 currency will do.
And why create it to burn it, just don't make it in the first place...
If we only had steem and rewards were only in steem we'd be screwed with a 7 percent inflation rate. I think if sbd goes down to $1 we will also be in trouble.
lol, I hear ya. I think the idea was that SBDs were going to be a stable token to use as a currency and Steem was more to power up accounts, trade and store value. As you can plainly see they forgot to factor in that not everyone reads the white paper and the peg only works up, not down. :) Traders and the Markets do whatever they want. :) hahaha.
Part of the fun of an experiment.