You are viewing a single comment's thread from:

RE: Steem post promotion: Past, present, and future

in #steem3 years ago

I have (and you probably have too) seen a lot of discussion about the SBD that go to the DAO get burned - I think that this idea is being seriously discussed by those that can make it happen but I haven't been following it closely.

I haven't seen much actual discussion, I've seen some vague references to things happening behind the scenes (although maybe I'm not looking in the right places). So my (perhaps cynical) expectation is that at some point a half-thought-through change will be sprung on everybody at which point it will be too late to ask questions or point out problems.

Personally I think it would make sense for those Steem DAO SBDs to be used to buy Steem, thus raising the price of Steem and dropping the price of SBDs. Burning the Steem at that point might not be terrible (although seems wasteful to me, seems like it would be better if it ended up as SteemPower in the hands of people who use it to make the chain a better place, but finding a fair way to identify who that would be is not a simple question).

Sort:  

Personally I think it would make sense for those Steem DAO SBDs to be used to buy Steem, thus raising the price of Steem and dropping the price of SBDs.

This rings a bell and might be what's being discussed. It feels like a long time since I last heard about it though - hopefully it's still a possibility.

Burning the Steem at that point might not be terrible (although seems wasteful to me, seems like it would be better if it ended up as SteemPower in the hands of people who use it to make the chain a better place, but finding a fair way to identify who that would be is not a simple question).

That's always been my mindset too but there will always be problems finding the people who improve the chain. So often, it's the people who earn their way into Steemit's trust and get access to booming support or steemcurator accounts who find the temptation too much and start creating and upvoting their own accounts.