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Why do we need SBD for STEEM ecosystem?
happycapital (88)in #sbd • 18 hours ago
I think it's time to discuss SBD(STEEM Dollar) with respect to STEEM ecosystem. SBD hasn't been issued for a long time, especially in bear markets.

For the last few years, only STEEM and SP(STEEM Power) have been printed as author and curator rewards. For now, I feel SBD doesn't need anymore for STEEM ecosystem.

1000022990.jpg

Source: CoinMarketCap
Additionally, SBD is traded on only HTX, and internal DEX(Decentralized Exchange) has few liquidity of orderbooks.

1000022993.jpg

Source: SteemLens
Furthermore, STEEM Hair-cut price system, related to printing SBD, is complex for newbies.

It's an algorithm stable coin. The global regulation for algorithm stablecoins are getting strict.

I think a simple system is better.

So, I suggest that we need a new hardfork 24 to get rid of SBD.

It's my personal opinion. I just want a discussion. Please, feel free to leave a comment or upload a post.

@justyy @steemchiller @symbionts @steem-agora @dev.supporters @bangla.witness @h4lab.witness @steem.history @upvu.witness @kafio.wit @rnt1 @blaze.apps @steemfy @moecki @ety001 @falsalamin @xpilar.witness @dhaka.witness @bountyking5 @stmpak.wit @cur8.witness @etainclub @inwi @kouba01 @italygame @maiyude @boylikegirl.wit @seven.wit @smt-wherein @jswit

#steem#dollar
18 hours ago in #sbd by happycapital (88)
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