Also, like how smooth mentioned in the comment, we gotta take care of the price of SBD as well. Just using the internal market will burn Steem but the supply of SBD is gonna keep increasing which is again harmful to the system. So, we gotta use both internal market as well as internal conversions carefully.
RE: What if we used the SBDs created every day in the DAO to buy and burn STEEM?
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What if we used the SBDs created every day in the DAO to buy and burn STEEM?
Es por lo que creo que ir a tomar ordenes de ventas en el mercado no sería sano para SBD y le restaría eficacia a la propuesta.
En lugar de solo comprar a cualquier precio que se esté vendiendo se deberían generar ordenes de compra e ir subiendo el valor progresivamente, esto resultará en una mayor compra de STEEMs con el SBD disponible y una mejor consolidación en los precios logrados. El proceso de subir el precio sería más lento pero a la vez más sólido.
Ir y tomar las ordenes de ventas que estén disponibles hará que el SBD se devalúe mucho más rápido y mucho más difícil la meta de subir el precio de STEEM, al menos es lo que siempre noto que ocurre cuando una criptomoneda es impulsada de forma veloz (pump-dump).
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How will the supply of SBD keep increasing? Do you mean if the price of STEEM rises about the debt limit ratio? This service can stopped if/when SBDs drop below a dollar.
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Yup. That's what i meant. More than stopping the service, we got to make use of the internal conversion to handle this the right way i feel. This would ensure that the price of SBD dropping below $1 would also not be possible or at the least extremely hard.
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The community can do that should it become an issue. I remember gaining some extra steem long ago when SBDs briefly fell below their peg as I bought them on external markets and used the conversion feature to turn them into STEEM. Others did the same which pushed SBDs right back to a dollar over time.
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The point of the conversion mechanism is that it is a decentralized mechanism. When the price of SBD is below $1 USD that's a reason for people to buy SBDs (and that buy pressure will cause the price to rise). We shouldn't need a centralized price stabilizer, it's better if people in the community are making money on that.
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