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, there is that, though there is nothing stopping outside groups from pumping SBDs should they so choose. Selling 100 SBDs per day is literally nothing, and even if we ramped up to the full amount of 2,400 per day, that is still only $5k worth of selling at recent prices... not likely to have a huge impact either way. If we decide to increase this amount at a later date then this might become more of a discussion I think.

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It is an interesting mental exercise. Selling the debt for the base asset.