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RE: Falling STEEM/SBD Price - Proposed Solution to the SBD Debt to Marketcap Ratio Problem
Thanks for the reply. I appreciate you planning to provide scrutiny/review.
MHO, it will be way better if STEEM holders will have something to spend their steems on, than to adjust the numbers from the price feeds.
Yes, I agree that this would be better, but it would need to be something that actually 'uses' STEEM/SBD, rather than having it exchange hands.
While this solution would be preferred, my worry (and other's as well) is that the time to develop and roll out a solution of this nature could take another several months or even closer to a year.
The problem we are trying to solve is basically the price spike from July, and is not meant to be a long term solution for the price/value of STEEM/SBD.
In the end, I wrote an entire article, because it would have taken too much space here. Thanks for incentivizing me to do this :)
https://steemit.com/steem/@dragosroua/steem-is-a-river-sbd-is-bottled-water-and-steem-power-is-a-dam
Really good article! Thanks for putting that together, I enjoyed reading it :)
Yes, I'm thinking at the same thing, a way to actually "burn" STEEM. I have something in mind. We'll talk more in the morning.