RE: No-Brainer SBD Potato Top Up Proposal
You are viewing a single comment's thread:
Voted :)
But I would prefer you to keep the funds and:
- continue conversion if SBD drops below 1 USD again
- sell SBDs if SBD prices goes above 1 USD
Then maybe in the future the process could be decentralized by building it into the blockchain like @steem.dao. The more systems the stablecoin has to keep the peg the better.
0
0
0.000
Thanks so much, some stakeholders would like some certainty as to what happens to the funds when they are no longer needed which is why I clarified that point. It would also be better if it was handled at chain level in future using the dao as a conduit.
Layer 1 smart contract platform wars are likely the narrative for 2020, after the SMT HF I would strongly vote for smart contract ability on Steem so that much of this could be automated at chain level and remove custodial and counterparty risk altogether, once we have a bulletproof SBD peg we can diversify into things like SBEUR and SBJPY etc, i believe there are almost 3 times as many Euro based crypto users than US, so makes sense.