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RE: Thoughts on a Proposal to Buy and Burn STEEM using the DAO
Yes I mentioned this as well as an idea in the past, but I think this option has many more risks in terms sentiment and trust lost in the market place. I understand that it would be done for very specific steemit circumstances but I know many will view this as disingenuous and those concerned will say what is to stop them from signaling the price at $100 (or any massively high number) to enrich themselves(authors) with SBDs?!
Right. That's a good argument. We would decide for ourselves what price we are satisfied with.
We witnesses would not only lose the trust of the market, but also that of our voters.