RE: A small roundup on the Steem / SBD debate
You're welcome.
How do you denominate your prices?
that kind of answers your question as to
why stability is such a thing
As a business owner, I want to be able to trade with the Steem I earn later on. If the value is fluctuating a lot, I run the risk of losing out when I'd like to trade for more goods. SBD was supposed to be a stabilizing tool, but due to some factors, of which I admit to not having a full understanding, SBD is susceptible to pump and dumps and other types of market manipulation. Being so, it doesn't yield the stability we desire.
I chose Steem for 2 reasons:
- I'm familiar with it.
- It has fast, easy and fee-less transfers.
I also believe that it could, in time, serve as the back end for a lot of content on the web. Being widely adopted could make an easy way to handle online payments without having to venture into the realm of fiat.
Understood. But would it be an option for you to convert SBD directly into Steem after receiving them (maybe automatically) if you had a reliable conversion price that you could use for denomination? I suppose the problem is that if you want to display 5 USD as price and SBD is being pumped to 5 USD on HitBTC (and you use that as a price signal), then you just receive 1 SBD although its fair price is actually 1.2 USD. Right?