As we all aware, currently post payout will have 50% in SBD form. I've hard many said SBD is the pain for the block chain, because it act as a stable coin for Steem and therefore people will be able to utilize it to kill the actual value of Steem.
In my book, there's no coin stable. Crypto is an asset, their price dictate by their hodler/investor/speculators. One can have a super coin that is so stable that you think no one can touch it. But let's face the reality, even BTC being traded at different price level from different exchange a week ago, due to some arbitrage scam I heard?
So, to me SBD is only a form of SMT token for Steem. It's used to distribute as payout. And therefore if people like to call it a stable coin because it's referred as 1$ most of the time. But have any of us remember it was once traded at $14.18 all time high on 2017 December 19? Have you hear anyone ask to kill the SBD off that point of time? No right?
We will just have to deal with our own greed and fear. We wish to do away with SBD simply because we don't see the value in it today. And once the debt is high enough, mind you there won't be even SBD payout for your authored content. You think that's good? Which means the payout will have to be printed in Steem. With more Steem being flow to the market, do you think Steem price will go up? Or down against American dollar?
My advice is, take a chill pill. Relax buddy. Take it slow, and let the good times roll. Too much of a good thing can't be good. If you have too much SBD, just park it for cheaper steem. Market no longer print SBD? Why not park those Steem payout for cheap SBD? 🤣
