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

in #steem2 years ago

That's a great idea my friend, one of the best I've seen. Increasing the price of STEEM at the same time will produce more SBDs maybe this will end up negatively affecting the price of SBD who knows, but it would be balancing the price balance between SBD/STEEM which at some time had an equal value (close to 7$). We sacrifice the SBD price (hypothetically writing) to improve the STEEM price which in my opinion is of greater importance to everyone.

On the other hand a significant increase in STEEM price could make the ecosystem more attractive to new users and potential investors and after a certain price for STEEM would stop paying liquid STEEMs which in turn decreases the amount of STEEMs available in the market.

The obstacle is also well raised... after the sad history of steemit inc thefts and recoveries of funds I think the levels of distrust are sky high, so .... is difficult to implement at the level of development and trust... but not impossible.

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Yes exactly. One could make the argument that SBDs should be pushed back down to a dollar anyways. This would help with that while pushing that value lost into value gained for STEEM.

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