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RE: Proposing another controlled burn from the Steem Proposal System [burnsteem100]

in #proposal4 hours ago

I'm very glad that such a proposal has appeared. What is this, if not a manifestation of community action and decentralization? This is exactly how the community should act, not endlessly waiting for some mythical big investors.

I'm not a big economist, but I don't expect this offer to have much of an impact on the price of STEEM. Once you get SBD from SPS, you exchange it for STEEM, and then burn it. Over time, this will cause the value of SBD to depreciate. Then you start burning SBD. But this SBD is from SPS, not from the free market, so burning like this can only affect the price at a psychological level.

Despite this, I remain a strong supporter of your proposal. Practice shows that predictions usually come true with a probability of 15% :)

For the community, I want to point out that the authors of the proposal @remlaps and @moecki deserve 150% of our trust. They are long-time and loyal supporters of Steem. I encourage everyone to support the proposal and see what happens :)