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RE: Steemit Inc Had A Layoff of 70% of Staff Due To Lack of Funds - How Should They Raise More Money?
It would just look bad for an outsider and might work as bad PR if done too aggressively. It's also not wise to add a lot of selling pressure to STEEM on exchanges.
Yes I fully agree But the problem is less the confusing implementation of the haircut, it is more that this haircut needs to be activated at all. Especially since we are about to resume printing of SBD! Breaking of the debt ceiling will be a normal event and not some obscure special case since HF20
Exactly! And that's a terrible thing. SBD printing should have stopped at 7% - 8% to be able to handle market fluctuations. We also need to have a way to burn SBD because at the moment SBD is almost like WoW Gold. At least fixing the Promote feature could be somewhat useful: https://steemit.com/utopian-io/@vimukthi/steemit-improvement-proposal-cosmetic-upvote-feature-to-replace-bid-bots-and-fund-blockchain-development