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RE: No-Brainer SBD Potato Top Up Proposal

in #sbdpotato • 4 years ago

I do agree that SBD needs to either be fixed or removed, leaving as is in a broken state is stupid. if steem prints alot of SBD then sbdpotato just needs to keep doing its thing converting the SBD and getting rid of it.

The market doesn't believe SBD is $1 because there is no monetary policy committee behind SBD trying to help peg that, there is no smart contract like the dai or any dollar backed bank account like Tether, SBD is largely just left and not managed in any way and we expect it to be pegged with no effort. sbdpotato aims to change this and bring about some human intervention and governance to fix the peg.

4 years ago in #sbdpotato by
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     4 years ago  
    The market doesn't believe SBD is $1 because there is no monetary policy committee behind SBD trying to help peg that, there is no smart contract like the dai or any dollar backed bank account like Tether, SBD is largely just left and not managed in any way and we expect it to be pegged with no effort

    smart contract i think is the right solution. If the Blockchain itself fix the Problem and exchange, that would be better.

    Is it possible we replace SBD code with a dai copy for steem? because i think dai works way better.

    That would be a great proposal i would support :)

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