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RE: How SBD could replace BTC: an Unconventional yet Possible Scenario
Good question! Whether or not Steem & SBD are "Satoshi-divisible" to 1/100.000.000
A question I don't know the answer to regarding its current state ..., but I'm sure that's possible to alter via a Hard Fork if not the case!
They should hardfork tobe able to upvote and resteem after 7 days and have payouts each week. xD
That would be nice, wouldn't it? ;-)
Yeah, it would be.
Currently SBD has 0.001 as its lowest denomination, which I think is good because it limits upwards motion of the price to too high, at which point even trading 0.001 SBD would be quite a lot (say $1 if SBD reaches $1000).
In general, though, I think SBD shouldn’t go very high, because SBD should be a stablecoin, not digital gold. Right now Steem is built so that STEEM is the main focus, with SBD being paid out as a way for people to recieve instant rewards.
You seem to imply in the post that SBD is only bottom-pegged, but I believe that the witnesses have the ability to tweak the APR on SBD, so that they can manipulate the price down to $1.
Make sure to tell me if there is something I’m missing here.