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RE: SteemCityNiigata (Monthly Reward Policy)
sometimes you have to try something to see if it works or not, sbd is fine if they didn't turn steem into it, ... it was fine having it as a internal market currency, I don't see the problem of trading it for 2dollars outside, it's better than to have steem take a dump because it became equal to the sbd since that's what we are printing atm
The thing about this is you need to have a constant. In order to determine each member's actual stake in the group, each member must contribute something that is consistently measurable. The value of Steem has no bearing on stake. The total contributed Steem will remain the same regardless of whether it's worth $10 or a $1,000. You can convert the SBD to Steem, but each time someone new invests you have to determine the actual investment of each member by calculating the worth of one unit of Steem as determined by SBD. It's not that much work, but it isn't necessary. Plus, if you somehow make a mistake calculating the invested amount of Steem or, as stated in the posts, there is a disagreement over value, it could lead to a mess that is easily avoided by asking member's and potential members to do the conversion themselves before contributing to the group. It's not about what is and isn't possible, it's about what is the simplest and easiest and will create the least amount of dispute.