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RE: Burnpost three month status and update

in #steem7 years ago (edited)

What if you burn all the rewards that @burnpost has and then SBD leaves its peg? You would have to start from scratch to get funds to do another round of pegging. Why not just leave the funds there and "moderate" the price feed through continuous action?

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That's a reasonable suggestion. I'll consider it. As long as the funds stay in the account for eventual burning, it should still be effective and not violate the conditions that supporters have voted for. This is similar to the current use of the SP for downvoing while it is waiting for conditions to change when it would eventually be burned. I think we can come up with something sensible along these lines.

The experiment becomes an institution :) For me the most interesting part of Steemit has been to see the spontaneous evolution of user-driven institutions like steemcleaners, Curie et all.