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RE: SteemDAO Funding
But it receives a percentage of the reward pool, and the value of the reward pool is in steem afaik.
But it receives a percentage of the reward pool, and the value of the reward pool is in steem afaik.
Right, but it prints SBDs instead.
So, the higher the value of steem, the value of sbd goes into the direction of 1$ again and more should get printed too (due to the higher value of the pool), no?
In theory, yeah. But, workers set the wage. So, it's just nice to have higher value STEEM because the budget would be bigger.
Ok so I am not clear what was concluded here. Does a higher steem price mean more SBD will be printed for the DAO?
I'm going with yes.
That is what I am thinking as well. Which means the goal to better fund projects would be to get the price of steem to go up. Everything else takes care of itself.