I watched a great video about steemit economics a while ago, and learned about Steemit a strategy to create a “hybrid economic system” that has both a commodity (which does not have a price stabilization mechanism- allowing for people to invest and buy low and sell high) with a currency (a unit of perceived value that has a price stabilization mechanism, enabling more financially stable transactions) and a long term investment mechanism (like Steem Power and Bonds) to provide even more stability to the system.

STEEM is a commodity like gold, coffee, or bitcoin.
SBD is meant to be a stable currency that’s less prone to fluctuations, much like the USD and other fiat.

I see the difficulty in creating a unit of perceived value (currency) that is universally recognized and does not fluctuate- after all, change is a constant.

Even the USD is tied to oil prices, and that makes it susceptible to variability.

I think the SBD is an intelligent strategy that still needs development (We’re still in beta).

What I’m curious about- is what can we do to make the SBD a more stable currency, that’s less prone to price fluctuations?