Why do you hope it, what are the benefits of it? I don't think that any steemit author would like it. I know that it's mentioned on the whitepaper that SBD will be kept equal to 1 USD but as @khaleelkazi said these are cryptocurrencies, "Cryptocurrency price movements do not always reflect fundamentals"..
SBD should be a stable currency we can create a Steemit economy where people can buy/sell with a predictable currency. Also, SBD isn't like a normal currency as the Witnesses can, to some extent, control the creation of and demand for SBD.
It's an interesting topic to discuss. SBDs do have downward pressure on their price, but the witnesses don't actually have that much control to increase that pressure. Dan (creator of Steem) even said that SBDs theoretically can be worth any price above $1, but they are dollar-pegged in the sense that they will never be below $1. As long as you're not buying SBDs at current levels (rather, just receiving and selling), I would still consider it a stable currency in terms of the price never going below $1. Thanks for sharing your thoughts!
Why do you hope it, what are the benefits of it? I don't think that any steemit author would like it. I know that it's mentioned on the whitepaper that SBD will be kept equal to 1 USD but as @khaleelkazi said these are cryptocurrencies, "Cryptocurrency price movements do not always reflect fundamentals"..
SBD should be a stable currency we can create a Steemit economy where people can buy/sell with a predictable currency. Also, SBD isn't like a normal currency as the Witnesses can, to some extent, control the creation of and demand for SBD.
It's an interesting topic to discuss. SBDs do have downward pressure on their price, but the witnesses don't actually have that much control to increase that pressure. Dan (creator of Steem) even said that SBDs theoretically can be worth any price above $1, but they are dollar-pegged in the sense that they will never be below $1. As long as you're not buying SBDs at current levels (rather, just receiving and selling), I would still consider it a stable currency in terms of the price never going below $1. Thanks for sharing your thoughts!