RE: Let's Make Downvoting Great Again!

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Let's Make Downvoting Great Again!

in downvoting •  7 years ago  (edited)

I understand that doing away with self-voting has its limitations from a technical standpoint.

In regards to the search functionality, it's good to hear that it is being updated.

I agree that removing SBD and sticking with steem alone is not enough in and of itself to propel steem to being a top 10 coin. Nonetheless, it would at the very least steer funds to one base coin. It is perhaps the associated perplexity of steemit having two distinct coins that has limited steem's broader adoption on major exchanges.

If SBD were removed entirely, I would simply afford users the option of capitalizing on content contributions via 100% steem "savings" or 50/50 steem and steem savings. The savings account could be "powered down" similar to how steem power already is if one seeks to cash it in. The steem itself could be withdrawn to the exchange immediately. This is semantics and not very different from what exists today, but may lessen the confusion that persists.

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I agree it would be simpler, but I don’t think it adds as much value as you think it does.

It would at the very least consolidate the liquidity on the exchanges to steem entirely. This may encourage further adoption of steem by the bigger players in the crypto exchange space. I understand your point though, as the daily trading volume in both SBD and steem are very low relative to the Top 10 cryptos. SBD is currently at about $2M and steem is at about $6M per Coinmarketcap. By comparison, the number 10 crypto, Monero, is at $170M. Liquidity is what ultimately drives markets and if steem is going to have a shot at attaining Top 10 status in the future, this will have to be addressed somehow.