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RE: Steem Improvement Proposal: Allow STEEM donations to the DAO
The DAO could purchase SBD from the internal market automatically at the market rate instead of printing new SBD
The DAO could purchase SBD from the internal market automatically at the market rate instead of printing new SBD
This would make the existing major weakness of SBD with respect to overvaluation/undersupply even worse.
It would work fine if there were another dynamic source of SBD supply within the system such as reverse conversions (STEEM-to-SBD), but there isn't.