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RE: What if we used the SBDs created every day in the DAO to buy and burn STEEM?
The point of the conversion mechanism is that it is a decentralized mechanism. When the price of SBD is below $1 USD that's a reason for people to buy SBDs (and that buy pressure will cause the price to rise). We shouldn't need a centralized price stabilizer, it's better if people in the community are making money on that.
Exactly. I remember making quite a bit of extra steem by buying SBDs on external markets and using the convert feature to convert them into STEEM when SBDs were trading below a dollar.