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RE: Our monetary system is doomed and experts are all in agreement...?

in #money7 years ago

It would solve the monetary system problem as the USD is debt based. So SBD is just inherit all of those problems. Is the total supply floating? I am not sure but if so it would solve some problems yes.

BTW reading your post I get the impression you think SBD is pegged to 1USD which it isn't as we also saw the last weeks. There are quite good articles around e.g. from @knircky to explain that - just in case - but you wrote "could" so you might be aware of that anyway.

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There are always being mire SBD created, so there would not be no future limitation problems as wit BTC f.e.!

SBD should be pegged to 1$ according to the whitepaper - the mechanisms just are not working fine. But there is an ongoing discussion on implememting mechanisms (mainly starting an option for reverse conversion steem - sbd)!
There is a good post by @reggeamuffin about it - I will drop the link when I am back home ;)

Thanks for letting me know - I am aware of that discussion. Just meant current state. But sure - drop the link. Always worth reading something about steemit and its mechanics!

This is the standpoint from witness @reggaemuffin and others who are in favor of a better pegged 1$ SBD; https://steemit.com/witness-category/@reggaemuffin/witness-discussion-sbd-price-and-reverse-peg

@aggroed and some others are against that.

What is your opinion?