Sort:  

I think a better proposal would mirror @burnpost in trading the SBD for STEEM if the price of SBD is $1+, and burning the resulting STEEM, and either burning or converting (via blockchain convert function) the SBD if the SBD price is <$1 (some additional nuance is needed for dealing with the haircut rule, which I haven't gotten into here).

These could be two different proposals (one to trade-and-burn and one to burn or convert-and-burn) but that requires stakeholders to be constantly adjusting proposal votes in response to market prices to accomplish the same maximally-beneficial effect, which is probably worse.

Burning SBD when it is worth more than $1 is actually harmful to Steem stakeholders so I wouldn't support this proposal as-is.

👍

Nick Program

Nice🤞

It might be a good idea later on.
At this stage I want to see how proposals work out.
I also don't want to waste resources in a furnace while massive dumping is going on.

SBD is debt, we're not burning resources but debt. It's only in the unusual case when SBD is above $1 that we are losing out by burning SBD.

Posted using Partiko Android

This post has been included in the latest edition of The Steem News - a compilation of the key news stories on the Steem blockchain.

I keep get a "something went wrong" error. Can anyone tell me what I'm doing wrong to turn this into a proposal?

Her çaba boşa çıkıyor artık insanların ne bi düşüşe ümidi kaldı ne de bir özgür ekonomiye...

Çünkü insanlar artık öyle bir noktaya gelmiş ki, sosyal medyada kendilerine kolay yoldan para kazanma, pasif gelir elde etme ve benzeri söylemlere itimat edip, kendi batışlarını yaratmaya zemin hazırlıyor. Böyle bir durumda ekonominin düzelmesi bizce beklenemez sadece hayal olarak kalır.....

Loading...

you have a point but still it depends on the stakeholders ☺️

Coin Marketplace

STEEM 0.20
TRX 0.14
JST 0.030
BTC 66683.89
ETH 3311.03
USDT 1.00
SBD 2.70