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RE: Next Problem STEEMIT.COM should fix ASAP.

in #witness7 years ago

That's fair. I was super confused by it for a while too. I believe the main purpose of having the SBD was to have a currency that was pegged to the $, thus allowing merchants to have a crypto that would maintain a consistent value. This would encourage more merchants to use SBD and grow the reach of the platform. Since the SBD peg was broken, SBD has lost its main use. Yes, it is currently enriching authors more than before, but it's speculative at this point. There was a discussion to reset SBD to $1, but I was told that it fizzled out. That's where we're at.

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If they reset SBD to $1 a lot of people will be pissed and lose a lot of invested money. But yes fixing this problem would make Steemit.com unstoppable.