Oh sweet Steem, finally you are gaining in price.
I have been waiting for this quite a bit. What we have seen is also user growth, but much less then the price. This is something we must watch, because if users are not on-boarding then the price will have to come back.
The good news is that higher price always attracts more users, as rewards are going up also.
SBD is nutz
The stable coin of steem is just crazy and trading at $12 as I write this. This is great for content creators as their reward has now increased 5X. If you are getting $100 in rewards, you are now actually getting $500-$600. Wow.
So there is some nice aspect to this SBD, it creates more rewards, that means higher effective inflation, which means more money is distributes to new users.
SBD is a big part of the ecosystem
SBD are really important if we want steem to also be a financial system. I was always of the opinion that it is the best stable coin but it does not work right now.
Fix SBD by allowing the creation of it for a fee
We should allow people to create SBD, by paying a fee or burning some steem so that in order to create $1 worth of SBD one has to pay $1 + fee to create it. This fee should be determined by the witnesses similar to how the steem price or interest rate is determined.