As of writing this SBD is at 8.49 Cad and Steem is at 5.35
So the Steem Dream and what I think it is and how we can make it a reality. The Steem Dream is having a universal currency in which you can spend anywhere at anytime. I believe that Steem and SBD can and will be used as a universal currency at some time in the future. When that future is who knows, but we as a community have a lot of work to do. On the 22nd, me and a couple Steemians, from Team eSteemed got together at a local coffee shop to have a discussion on Steem.
Some topics that came up:
A.) how can we make more money off the platform
B.) is SBD going to get pegged
C.) the future of Cryptocurrencies and how to make them viable
Now based off of my own personal beliefs some of the people I was chatting with started to call me a skeptic towards Cryptos. Well the truth is in life you have to be skeptical about everything, and think critically in order to make proper deductive reasoning. So topic A in my opinion is quite boring, because it is a simple answer, re-invest what you earn into either Bid Bots, Delegations, or simply just powering up. If you are really boring you can even put it into your savings and let interest do its magic.
Now subject B.) on the other hand was quite fun to go over, everyone at the table, was just screaming no no no. It would cut my profits in half. So me playing Devils advocate explained some of the reasons on why it could be good for the community. SBD was originally designed to be pegged at a dollar, and it has just gone absolutely insane over the past 2-3 months. At the current rate at which SBD's are getting created, the price might very well drop back down to $1.00 anyways and were in the same boat. Having SBD's above a dollar isn't necesarilly going to be a bad thing because were going to be using them to back SMT's in the future which is a super cool concept. But the real bad news about pegging SBD at itself, is I believe it will cause many users to jump ship, it will deter new users from getting on board. Profits will be way lower, and as with even the best things in life, people still want to make money off of there investment.
Now onto Subject C.) this is my favorite topic to take a crack at, How do we make Cryptocurrencies viable. Well I guarantee there is a lot more people then just me and a few fringe outliers trying to get that local coffee shop to take there hard earned Steem. I mentioned a visa last time, that was a cool new inventive tool, recently I stumbled upon a new version of Ebay, where the currency that is accepted is Steem. I think the most important thing, is to talk to as many people as possible, get them interested, get them invested. The more people the more power we will control, in the free market. If businesses start losing business because they refuse to accept Crypto, well someone else is going to start gaining business. Put your money where your mouth is and try to only support Crypto related businesses going into the future!