RE: Thoughts on a Proposal to Buy and Burn STEEM using the DAO

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Thoughts on a Proposal to Buy and Burn STEEM using the DAO

in steem •  4 months ago 

Yes and in all honesty at some point in the future it may make sense to use significantly more than 2,400 per day to really have an impact, though baby steps first and all. :)

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Yes, might really be the case, but it's good to have this max limit for now, which gives us enough room to experiment for a year or so. If investors are not happy with the results, they can stop supporting the DAO proposal at any time. If we see that it works as expected but could work even better with some more juice, we would create a new proposal with a higher amount. A very fair and transparent solution.