Getting Sbd Right Could boost Steem power more than getting blogging right!

The debate around Sbd is about making Sbd work correctly vs using Sbd as a means to boost steem adoption. SBD could be more important than blogging and I am not talking about ecommerce - the most cited purpose

SBD can be the Stable coin of Crypto

If Sbd wins the massive stable coin market more people will want steem to get sbd and steem could get to $20-40b, 7-14x today.

the Stable coin market is massive

Tether, a flawed coin, has a $2.2b valuation vs $50m for Sbd. If we could make Sbd the preferred stable coin of crypto it should be worth a similiar amount if not more. Backing that amount would require steem to be worth $20-$40 b assuming 5-10 pct backing.

Sbd could drive steem prices

Rothschild the famous banker said if you took all his money but allowed him to print money he would gain it back again. Steem power gives a license to print a little Sbd every day. It’s set up to encourage printing in exchange for writing something but it has also worked for crowd funding. In essence the blogging works like a marketing budget to get more people to hear about steem after reading the articles. But at its core steem power is about printing money — actually printing Sbd. Licenses to print money (banking liscences ) have always been valuable. A liscence to print Sbd is valuable based on who wants Sbd.

Sbd - from demand by bloggers voters to demand by savers

In today’s steem economy and is demanded to raise your blogs visibility or your citations power. But if steem was truly the stable currency of crypto the steem power would be attractive for massive leveraged organizations to know they could have access to a steady supply of Sbd. They could lever more knowing they always could print more Sbd. They could achive high roe due to this ability to our lever those with no money printing liscence. It’s entirely possible that large Bank like entities would set the marginal price for steem power (rather than blogger voters) working backward steem could be driven as high as $20-40b just to capture tethers share today.

but how to beat tether with Sbd?

The key is to always print enough so that steam powers value can hold the value steady at $1. Currently we need at least 7x the supply but I suspect that without the risk of a sudden collapse many more would hold Sbd. I bet 7x Sbd would lead to 4x the market cap. $200m and a $4 sbd. The longer the stability track record persisted the more people will store money in Sbd and the more who will demand steem so they can print it.

steem is a natural asset to back cryptos stable value asset with

Paper money was backed by gold because it held value due to its alternate use as jewelry. In crypto the optimal backing for a store of value coin is something that holds value due to an alternative use. Steem is alternatively used for getting attention( though post or curation) and typically getti attention for post about crypto. Ether is useful for gas to run crypto daps. Some cryptouse commodity electricity, gas, attention is ideally used to back cryptocurrencies. Steem is dominating the attention economy in crypto. It’s alternative use is an ideal one to back the stable store of value function in the crypto economy.

lets increase and supply as fast as is prudent. Let’s allow 100 pct Sbd post. Let’s let witness fool with the price feed to get more Sbd out there. Let’s raise rates - anything to get more supplybout there so we can win the Stable coin contest.