Steem experiment: 177

Since SBD has currently reached one USD in price, @burnpost can probably be going into "burn mode" wherever the rewards are going to be burned instead of hopped-up up. additionally, the account can begin to power down, with the ability down payments treated as incoming STEEM (rewards, donation, etc.)

However, thanks to the account having engaged in delegations to anti-spam initiatives, it's not possible to instantly power down (power down is incompatible with delegation; the delegation should be removed first). additionally, there has been feedback from the community that forthwith destroying the worth of the account isn't fascinating, since it removes quickly support from anti-spam initiatives (in reality, so as to power down, the delegation would wish to be utterly removed forthwith even whereas the ability down is ongoing) and it conjointly removes the flexibility to support the SBD peg ought to such support be required within the future.

For for these reason (to continue support for the anti-spam delegations, to optimize the come to Steem stakeholders, and to take care of burning/@null because the final sink of all price received by the account), we are going to modify the principles as follows:

If SBD is mercantilism at or below one USD, power down are going to be initiated at twenty fifth of the SP (this needs reducing delegation initial, that contains a one-week delay). Upon completion of the 13-week power down cycle, if SBD is mercantilism at or below one USD, it'll be reset to twenty fifth of the new SP. In effect, this is applicable a somewhat slower 1/52 per week power down rate rather than the most 1/13 per week.
The remainder of the SP balance can delegated (or, if there are not any worthy delegation targets known, unused)
Power down payments (STEEM) can treated as incoming STEEM payments (see #5 below)
Incoming SBD are going to be reborn to STEEM mistreatment the blockchain operate if SBD is mercantilism at or below one USD. SBD are going to be sold-out on the interior market (buying STEEM) if SBD is mercantilism for over one USD. In either case, the ensuing STEEM are going to be treated as incoming STEEM (see #5 below)
Incoming STEEM are going to be hopped-up up if SBD is mercantilism higher than one USD and burned (sent to @null) if SBD is mercantilism at or below one USD.
The primary rule (social contract) governing the account remains this:

In no case can any coins from the account ever be sold-out, transferred, or hopped-up down except to @null. Any price within the account are often thought of as irrevocably allotted for burning either forthwith or a your time within the future.

All rewards from this post are going to be sent to @burnpost as a donation which is able to then be listed from SBD to STEEM, powered up, and/or burned in accordance with the standard @burnpost rules. that features SP which is able to be forthwith sent within the kind of STEEM from my very own account