You are viewing a single comment's thread from:
RE: Steem Velocity Hardfork - Hardfork 20
I think implementing reverse conversion shouldn't be too hard as it has been proven to be possible with the SPS account. I would like to see that too but I feel like it's pretty far low on Stinc's priority ever.
Or an entity can make a stablecoin with SMT when it comes out saving us all from the SBD shitshow altogether for reliable stablecoin.
Custodial stablecoins where you are relying on a third party to hold dollars (or whatever) can work but they have their own issues.
I mean if an entity like Tether comes to the chain why not? The real question is will any of them ever be here lol
Thank you for bothering with me replying to old post!
#sbi-skip
It's all permisionless. If Tether or anyone wants to create a custodial fiat-backed SMT, they can certainly do so. My comment was more that it wouldn't be a direct substitute for SBD, but could be an alternative. Just as we have no say over who creates an SMT we also have no say over who uses them, so if that's what people want, and there is a willing provider, they'll certainly have it.