Reduced Inflation Proposal
5 years ago by demotruk (69)
$1.99
- Past Payouts $1.99
- - Author $1.00
- - Curators $0.99
122 votes
- + therealwolf: $0.679 (100%)
- + demotruk: $0.562 (100%)
- + gtg: $0.438 (10%)
- + vikisecrets: $0.085 (30%)
- + immanuel94: $0.078 (100%)
- + fredrikaa: $0.035 (5%)
- + sumatranate: $0.033 (54%)
- + abh12345: $0.013 (10%)
- + ammonite: $0.012 (100%)
- + arcange: $0.007 (2%)
- + steem.craft: $0.007 (100%)
- + deirdyweirdy: $0.006 (30%)
- + pennsif: $0.006 (12%)
- + abwasserrohr: $0.005 (100%)
- + bluerobo: $0.005 (100%)
- + accelerator: $0.005 (0.5%)
- + yaanivapeji: $0.003 (100%)
- + skyroad: $0.003 (100%)
- + aleister: $0.002 (10%)
- + sacred-agent: $0.002 (5%)
- … and 102 more
I think a better proposal would mirror @burnpost in trading the SBD for STEEM if the price of SBD is $1+, and burning the resulting STEEM, and either burning or converting (via blockchain convert function) the SBD if the SBD price is <$1 (some additional nuance is needed for dealing with the haircut rule, which I haven't gotten into here).
These could be two different proposals (one to trade-and-burn and one to burn or convert-and-burn) but that requires stakeholders to be constantly adjusting proposal votes in response to market prices to accomplish the same maximally-beneficial effect, which is probably worse.
Burning SBD when it is worth more than $1 is actually harmful to Steem stakeholders so I wouldn't support this proposal as-is.
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👍
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hash
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Hi.Life is worth 1 BITCOIN.Help as much as you can, any money will be help - BITCOIN address in LEGACY format 1BXqMGyek1hCxoaTyHmkQEcbLbkSJP2duE BITCOIN address in SegWit format bc1qts5efd872etyw7mgw0t0v3lwtw032dj4jgp5t7 Thank you all in advance!
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Ok
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Ok
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Ok sir
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Nick Program
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Nice
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nice
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Nice🤞
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It might be a good idea later on.
At this stage I want to see how proposals work out.
I also don't want to waste resources in a furnace while massive dumping is going on.
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SBD is debt, we're not burning resources but debt. It's only in the unusual case when SBD is above $1 that we are losing out by burning SBD.
Posted using Partiko Android
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hello
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This post has been included in the latest edition of The Steem News - a compilation of the key news stories on the Steem blockchain.
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I keep get a "something went wrong" error. Can anyone tell me what I'm doing wrong to turn this into a proposal?
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o
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Hi 👋🏽
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it might be a good idea
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Her çaba boşa çıkıyor artık insanların ne bi düşüşe ümidi kaldı ne de bir özgür ekonomiye...
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Çünkü insanlar artık öyle bir noktaya gelmiş ki, sosyal medyada kendilerine kolay yoldan para kazanma, pasif gelir elde etme ve benzeri söylemlere itimat edip, kendi batışlarını yaratmaya zemin hazırlıyor. Böyle bir durumda ekonominin düzelmesi bizce beklenemez sadece hayal olarak kalır.....
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We should somehow burn steem too to reduce inflation to under 2%
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voted.
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you have a point but still it depends on the stakeholders ☺️
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It'a little bit difficult to find post in the steem. I suggest to that visibility should be improved for new users. Thanks
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انا لست متفق مع.. هناك طرق لي خفض التضخم
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مخازن أول منصة سعودية تعمل بنظام دروبشيبينغ وتتيح لك التعرف على خدماتها من خلال التسجيل بالباقة مع ربط متجرك آليا سواء متجر سلة ، زد، رزق وغيرها الكثير
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I have no clue what any of thisnis. I just hopenim doing something good
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I think is a very good idea
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I am new to @steem , but i consider it useful
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Ok
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Hi
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My first thought is "would it not be better to slow down the printing of SBD?" instead of burning SBD.
I guess I am still in the dark about the reason behind this proposal. Can you provide more info about the WHY? And who would burn the SBD?
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Literally the same thing in this case. SBD in the hands of the DAO has effectively not been printed yet because it has not been released into the market.
If you can think of a reason to slow down the printing of SBD, then that same reason applies to this.
Transferring to @null is burning SBD. It would happen automatically with this proposal. At least once I can get it to not give me an error in posting...
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Thanks for taking the time to write up some additional information. I appreciate it! Hope you are able to get your proposal posted soon.
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How does it exactly works it is an exciting topic
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I have no idea
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Cool
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Promising
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Where can I get the topics?
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I do not agree with your proposal
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Привет, это было здорово
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Привет, это было здорово
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Nice
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1000 is a lot!!
That's like saying we don't want the steem proposal system.
Well technically it's like saying we don't want half of it. Because right now looks like 2000sbd are being added each day.
How come you went with 1000sbd instead of 2000 or just 1 million like the refund?
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I wanted the proposal to burn a significant amount without necessarily being overwhelming.
If people want to burn more, can easily make another proposal as well as this one. I didn't want to go with a huge number that could very quickly eliminate the DAO funds, because if this was pushed up above the return policy maliciously (for example because someone lowered the return policy in order to facilitate something else, and then this was pushed up in response, temporarily having a false kind of consensus), that any damage it would do would be limited by the time it was up.
The idea is to somewhat reduce Steem inflation when it is desirable, not to eliminate DAO funds entirely, asap.
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Another way to do this would be to have multiple smaller proposals (say 100 SBD each, or perhaps an assortment of sizes like physical coins: 100,100,100,100,500,etc.). As many as desired could be voted up and the rest voted down.
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We should have more than half a million SBD in a year, so I guess this proposal is good to burn some SBD "quickly". But I also agree with @smooth that multiple proposals with different amounts would be good.
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good
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nice
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Like
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Good article
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This is really okay
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ok
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