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.
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.