Please Resteem to let Steemit Inc know that Steemit Users want SBD (STEEM Dollars) "unlisted" from Upbit/Bittrex/Poloniex
Currently, the user @socky is actively and sadly possibly successfully campaigning to get SBD listed on more exchanges.
While this might seem like a good idea to the underinformed, getting SBD listed on more exchanges is likely to end in disaster for the platform. In fact, we have just gone through a disastrous six months with SBD that have already greatly undermined part of the STEEM economy.
Getting SBD listed on more exchanges is the last thing the platform needs now. In fact, until alternative measures are taken to fundamentally prevent the disastrous pumps we have just come out of, it should actually be worth the effort to try and get SBD unlisted on exchanges it is currently listed on.
Basically, if you care only for short-term profits, then an SBD vulnerable to pumps is great, and you will be hapy with the money the recent pumps have allowed you to make. If however, you believe in the added value of a relatively stable SBD for the STEEM economy and thus the long-term value of STEEM (as a proxy for platform value), then the last period of pumps should be seen as an absolute disaster. A disaster that we should aim to prevent from re-occurring.
This post is meant as a way for those who understand the importance of a successfully pegged SBD to the long-term value of the platform and to the STEEM economy. It is meant for them (us) as a way to express the fact that @socky doesn't speak for everybody on the platform with the idea that SBD pumps are desirable because they make people money.
The user @socky is very actively promoting his disastrous agenda.
In this post @socky is asking @ned to fill out a form to help get SBD listed on with @binanceexchange. While I trust that @ned will know better than to help with the demise of SBD, this campaing @socky is going the witness road. Gathering witness voting power in order to get some greedy witness who would sacrifice SBD for a higher ranking to do his bidding.
The last one is a tricky one. @socky is calling to get both STEEM and SBD listed on more exchanges. Getting STEEM listed on more exchanges is a great idea that nobody should have reservations about. For the underinformed, SBD is just another STEEM, but it really is not. Where STEEM represents the value of the platform itself, SBD, at least SBD as it was intended increases the value of the platform indirectly by augmenting the STEEM economy with a services oriented sub-economy.
STEEM isn't just about having yet another cryptocurrency that expresses monetary value. At a very fundamental level, STEEM is about content, about the creative process of creating top quality content.
So how do people create the best content? While currently many people go at it alone, before the pumps started happening the seeds of a more service-oriented economy were started to slowly germinate. For example, I'm a professional software engineer and information security, specialist, but next to that, I'm an amateur myhtpunk author. At the end of last year, just before the pumps started hitting, I was exploring selling my services as a dev in order to fund buying editing and illustration services for my fiction. The pumps brought a quick and cruel end to these dreams, and I'know I'm not the only one who has had their plans crushed by the pumps. Point is, you can't buy and sell services with cryptocurrency if that currency could just quadruple in value one moment and drop to a fraction of its value the next. A stable pegged currency ia an absolute prerequisite for a services economy to blossom.
So why get SBD unlisted? I am proposing this as a temporary measure. STEEM really would benefit from a successfully pegged SBD and the services economy that should flow from that (once trust is restored). Currently, the peg is just too brittle to withstand the speculative forces that it is subjected to on major exchanges.
In the meantime, we should be looking at ways to make SBD pegging less fragile. A double unidirectional peg with some bandwidth might be a good idea.
Restoring trust in SBD pegging will take time. Getting SBD unlisted should create some attenuation of the speculative market forces that led to the previous prolonged pumping, but more fundamental solutions are needed and SBS will again need to prove it can hold its peg before the seeds of a services economy can start to germinate again. It is sad that some people are so blinded by the short-term financial gains from SBD that they fail to keep their eye on the ball and consider why these gains are happening. With high-rep high-SP people like @socky campaigning for SBD to get listed on more not less exchanges, and gaining traction, I fear for the future of SBD. The short term financial gains from pumps are not worth the destruction of what could easily become half of the value of the total STEEm ecconomy. A sub-ecconomy of content oriented services that adds to the intrincic value of the platform.
If you if even partially, understand the importance of this all and understand the importance of @socky's campaigns falling on deaf ears with our witnesses, please resteem this post to let Steemit Inc know @socky isn't speaking for all of us in his campain to deal a final dead blow to SBD pegging.
If you happen to have enough of a following to pull it off (I'm just a tiny fish without any leverage), please also consider starting a competing campaign to that of @socky's campaign aimed at witnesses. I would definitely give my total of 2.35 MV worth strength to a witness that manages to get SBD unlisted from one of the exchanges it is currently listed on. But I definetely don't have enough traction to start a campaign like @socky's to get this off the ground. So if you happen to be the owner of an Orca sized account, please consider starting such a competing campaign. The platform needs your help!