RE: Law of Supply and Demand Definition and Explanation OR Why the @sbdpotato experiment just won't work
You are viewing a single comment's thread:
From what I can see there is just not much interest in SBD, even within the Steem community. Lowering the supply does not help if nobody is buying. So having these junk posts on trending is not doing much good really. I suggested adding some content such as suggestions of cool posts that need support. That could happen with some collaboration.
0
0
0.000
Indeed. That is the whole point. Since there is no real reason to buy sbd since the transactions related to any steemit projects I have seen also accept STEEM.
A good example here is the steem-engine token market.
The token market is something that would create a perfect opportunity to give a usefulness to sbd, since all tokens there could be paired with sbd. But for some reason, it's creators decided to make a new token for that or allow STEEM to be used as a trade instrument.
It's a huge missed opportunity.
I agree with this 100%. There's no reason to want SBD as there is no use for it. Pricing tokens on Steem Engine in Steem is bizarre, as it can fluctuate thousands of percent. So it's hard not to see your Steem entry price for a steem engine token as a massive hit if you believe that Steem can be back up at the $8 mark again. I reluctantly purchased a steem engine token, but had the opportunity to sell it to someone who had a better use for it. While I received enough to buy another token to continue my project, I prefer to hold on to that Steem on the hope that one day it will be back at a $1 or even $10.
The whole idea of a stable dollar peg is to avoid situations like this. There's no confidence in sinking Steem into things if the value could fluctuate either way by thousands of percent. Steem Engine tokens and Spinterlands etc should be using SBD as the currency of exchange.