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RE: No-Brainer SBD Potato Top Up Proposal

in #sbdpotato4 years ago

Then I guess they aren't as worried with the Steem economic health as they claim to be?

Steem/SBD ratio is working as intended, and the whole problem with this potato initiative is that it doesn't have any real effect.

Here is a scenario for you:

Let's suppose you get the funds to buy the sbd form the market, and the price goes up to 1 USD.

Now sbd start to be printed again, and supply increase. A few months later, sbd price start to go down again because there is no demand for it, because no one have an actual use for it.

Then what? Ask for more funds to manipulate the market again, and again and again?

The result of this way of action is that sbd will always be a shitty coin that everybody will now know that prices are being periodically manipulated.

It doesnt work, and worst of all, don't increase the value of the ecosystem.

There is only one solution for this "problem": increase demand in a real and meaningful way.

Instead of looking for Band-Aids, those involved on the development of the blockchain and its tokens should look to improve it in a way that attracts more people to it.

I have been using steem for a long time now, and it is sad to see a platform with so much potential go down the drain because of petty disputes over rewards value.

Guess what? If no one cares about steem, its value will be zero...