ebargains (59) in steem • 4 hours ago
Earlier today I was pondering about the relationship between Steemit and SBD, and decided to make this post to expand on previously made comments. After doing some analysis, I came to an unexpected conclusion.
Everything is relative in the crypto world, as it is with everything. Below are some features of SBD when compared to Steem:
SBD has a MUCH smaller supply than Steem (8,052,493 SBD vs 265,370,561 STEEM)
SBD is traded on many exchanges just like Steem
SBD has the same zero fee and instant transfer capability as Steem
All bots and future SMTs accept/require SBD
And an additional VERY VALUABLE advantage that SBD has over Steem is that it has a price floor at $1 USD in Steem tokens
Some may say that Steem is better than SBD because it can be converted to SP for voting, but that is false since you can buy SP with any crypto, not just Steem. Hence SBD can also be converted into SP. When that happens, SBD (or any other crypto) must be sold to buy Steem, which is then powered up into SP.
Taken all these points into consideration, even if there were as many SBD as there are Steem in circulation, the logical market price of SBD will be higher than Steem, hence this is what we started seeing recently.
I think that in the future, central banks will create e-currencies that will be TRULY pegged to the respective local central bank controlled currencies, and those e-currencies with the additional KYC/AML parameters will be traded on the local crypto markets in each country. Just my opinion based on a plausible logical sequence of events/developments.
Let us know what you think in the comments below.
DISCLAIMER
This is just an opinion and not any investing or trading advice. Always do your own research before making any financial decisions.
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