I personally think that Steem will not work well with SteemDollars(SBD). Instead, we should move towards a currency that is not dollar based.
What I propose is that we have SteemCASH instead of SteamDollars. SteemCASH will be pegged to BTC @ 1mBTC per SteemCash, with the same conversion rules(1 week wait). Offering an interest rate that is lower than 10% would work. I propose 5% is a good figure. This way, people will actually have the want to get into STEEMCASH, instead of converting it back into BTC all the time.
This will offer people a real investment opportunity, as I believe a lot of people, including me, already calculate their savings in bitcoins instead of in fiat.
Let's make Steemit a better place together.
