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RE: What if we used the SBDs created every day in the DAO to buy and burn STEEM?

in #steemlast year

The proposal to use the newly created SBDs each day to buy and burn STEEM is an interesting idea that could potentially have a positive impact on the STEEM ecosystem. The idea is to use the SBDs to purchase STEEM on the internal market, and then ship that STEEM to the null address, which would help to pull more STEEM off external exchanges and raise the price. Additionally, it could help to slow down or reduce the supply increase, depending on the amount of STEEM that could be bought and burned on a daily basis.

One of the main benefits of this proposal is that it could benefit the entire community equally, which is unique in terms of proposals that tend to only benefit certain portions of the community. However, there are some important details that would need to be worked out before this proposal can be implemented. For example, who would run the account that is credited with the SBDs, who would create the automated service that would execute the buy and burn process, and what checks and balances would be put in place to make sure the service is not abused.

To ensure the success of this proposal, it would be important to consult with experts in the field, including developers, legal experts, and others with experience in decentralized autonomous organizations (DAOs). They would be able to help with the technical and legal aspects of the proposal, and provide guidance on how to ensure that the plan is compliant with any relevant laws and regulations. Furthermore, it would be important to have a proper governance system in place to ensure that the proposal is being executed in the best interest of the community and that the funds are being used appropriately. A transparent and decentralized system of voting and decision-making would ensure that the community is able to hold the people responsible for the implementation of this proposal accountable.

CC: @steemcurator01,
@steemcurator02

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