I'm in agreement with your assessment of the SBD peg situation and I appreciate you walking through the stages you see happening to finally right the ship.
It would be nice for this to happen sooner than later, so we can realistically get to the point of on boarding the businesses.
If the market has essentially been using the SBD as a pump, though, what keeps that from happening? More witnesses than five or six adjusting their feed prices? Something happening on the STEEM blockchain, like hivemind and communities? SMTs?
It seems like Steemit could be poised for a very big year if all of those things I've listed along with HF20 come to fruition. Which means STEEM will be poised to rise, too.
So, the question is, what finally makes STEEM more attractive to investors than SBD, and what can be done to make it happen?
Sooner is definitely better than later so that we don't squander our first mover advantage.
If there is a Bi-Directional conversion of SBD <-> STEEM then market forces will keep the SBD from pumping like it has.
"So, the question is, what finally makes STEEM more attractive to investors than SBD, and what can be done to make it happen?"
The market needs to get educated. Maybe the Purge I have described will wake a few up enough that they'll read the whitepaper. Once the market realises that STEEM is Equity and SBD is Debt I think it might start to value STEEM more as the better long term investment.
So, education then. Well, it makes sense to me. Sounds like we might need some kind of marketing budget or paid PR person to run around quoting from the whitepaper.
Maybe a gig for you? :)
There are supposed to be some STEEM ambassadors right? And I keep reading about witnesses meeting with business folk. How about the investor community?
I'm wondering though, if these spikes aren't actually closer to home, with people who know exactly what they're doing. That makes me nervous to think of, even though I have no evidence one way or the other. Just my own straight up paranoia and lack of logical explanations for things that don't make sense otherwise.
I'm not much of a marketing guy. I'm more of a "piss everybody off with bad news" kind of guy :)
Well, it's appreciated, even though I would prefer the term "Dose of actual reality guy" since people don't seem to like reality the way it is and keep trying to turn it into something that it's if not downplay it or ignore it entirely.
"Don't worry. That will never happen." Says the guy just before it happens.
But you can refer to yourself however you like. :)
My apologies, I really should not be so crass. "Dose of actual reality guy" sounds a lot better, thanks :)
No worries. Seriously. Wasn't even thinking about crassness. I was just going for the positive side of what you said, which is, everyone needs a clue and you give them it. :)