RE: How SBD could replace BTC: an Unconventional yet Possible Scenario
I read follow, upvote and resteem, vote me!
No, seriously, what is happenig lately? More spam comments everywhere :s Many of my last posts have no comments or spam comments only :( I used to have more quality comments a few weeks before. I don't know if this is general in steemit or it is related that I don't have 6000SP anymore.
With that thought in my mind (and with a lot of help of a programmer, @alpacachino) I created this game: spampig ... BUT not only with that on mind, also with all you said here; I want to help expand the limits of STEEM/SBD to other than just upvoting content; having a store inside this game (and future games), to achieve 2 main things:
- Change the mind of steemians and make them see STEEM/SBD have more uses.
- Attract more people to this blockchain, the game is open to everyone, and soon (or later) they could be interested on buying some accessories that can only be bought with STEEM/SBD.
I think games, specially 'easy' games, like flappy bird, runner games, etc can go mainstream very quickly and we can use that in advantage for STEEM :D
This will take a while because non of the team is expert in the blockchain, and now steemconnect has been attacked and that has discouraged us from using it u_u But we still have all this great idea in mind!
I have always though SBD has great potential to become a real replacement not only for BTC, but for USD. It only needs to be stable at some point. Exactly for what you said.
I have seen STEEM and SBD have little capability of division, like 9.999 only 3 digits after ".", so SBD price can't go super high or 0.001 could be $100USD and we could only buy super expensive things with it. Maybe I am missing info here, and the blockchain can change to 0.0001, 0.000001 etc when needed. Does it?
This was very interesting to read Scip! If I have more thoughts on this I will come back x)
And yeah I did upvote and resteem xD
Good question! Whether or not Steem & SBD are "Satoshi-divisible" to 1/100.000.000
A question I don't know the answer to regarding its current state ..., but I'm sure that's possible to alter via a Hard Fork if not the case!
They should hardfork tobe able to upvote and resteem after 7 days and have payouts each week. xD
That would be nice, wouldn't it? ;-)
Yeah, it would be.
Currently SBD has 0.001 as its lowest denomination, which I think is good because it limits upwards motion of the price to too high, at which point even trading 0.001 SBD would be quite a lot (say $1 if SBD reaches $1000).
In general, though, I think SBD shouldn’t go very high, because SBD should be a stablecoin, not digital gold. Right now Steem is built so that STEEM is the main focus, with SBD being paid out as a way for people to recieve instant rewards.
You seem to imply in the post that SBD is only bottom-pegged, but I believe that the witnesses have the ability to tweak the APR on SBD, so that they can manipulate the price down to $1.
Make sure to tell me if there is something I’m missing here.