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RE: Thoughts on a Proposal to Buy and Burn STEEM using the DAO
That method would be way easier to realize, of course, but it could be treated as market manipulation. Doing it with a DAO proposal gives investors a chance to support or stop supporting the operation at any time.
Just another thought
Signaling a higher STEEM price within our Steem blockchain's internal market by witnesses is a strategic mechanism we use to manage the debt ratio and stabilize the SBD supply. This process allows us, as authors, to get rewarded in SBD, which we often use to buy STEEM in the internal market before moving to external exchanges. By doing so, we limit the supply of STEEM until the debt ratio adjustments occur. In this scenario, witnesses can revert to the original price from exchanges and repeat the process. We don't see this as price manipulation, but rather as a way to optimize our internal market dynamics, fostering stability and resilience without directly affecting external market prices. This method ultimately benefits our entire Steem community by maintaining a sustainable model.