you are reading my mind! :)
And it looks like this problems bothers a lot of people. You have written your posts yesterday, posts with simmilar ideas written by @raised2b was written 2 days ago:
BTW, why not instead of burning those SBD, just convert then to STEEM and move to SteemPower of all SteemPower holders?
That would be additional incentive to Power Up, very easy to marketing: All revenue from promotion goes to long term investors! :)
"BTW, why not instead of burning those SBD, just convert then to STEEM and move to SteemPower of all SteemPower holders?"
Actually I think a better thought vs burning the SBD is to use those SBD to then pay developers to implement items faster and allow Steemit to actually evolve to a powerhouse. There is plenty of work that needs to be done and lots of talent on Steemit to get these items accomplished.
I think burning them and then using something like utopia.io to pay developers makes more sense. That way, we can decrease the supply of steem (increasing the value) and then separately, support the developers by voting for the best contributions. Promotion and development are separate things so I think they shouldn't be connected.
IMO the Supply isn't an issue, exposure is. You can have almost any amount steem out there if enough people want to own it the price will still rise. Using SBD that otherwise would have been burned means zero costs for improvements which can have an exponential effect on the value of Steem vs a minor effect in terms of reduced supply.
Yeah, this is a great idea too. Obvisouly there's a lot of us seeing the problem as it stands currently and there are definite solutions out there that would benefit our community as a whole.
I have seen 4 or 5 posts that all say about the same things written about the same time! Sounds like consensus to me! haha
I think that burning them would be about the same as your suggestion, but I like how burning them creates upward pressure on the value of steem benefiting all steem holders. Though I think your idea would work... it is just a more complicated way to do it. I'll have to think about it more...