Instead of burning, why not convert to liquid steem and then power up a deserving minnow? People have been complaining about the income distribution around here for a while. Why not fix it by powering up accounts with STEEM you get from a SBD conversion?
You are viewing a single comment's thread from:
Are you some kind of Marxist or something? :-P
That would be an awesome thing to do, absolutely.
That is a really great idea. You should write a top-level post to popularize it!
Nah, then @bacchist could call me a Marxist. :) I'm more of a fan of letting the market decide what the value will be for all of these tokens over the long term.
Instead of burning why not put it in a Legacy account that pays for ALL votes (devise a fair formula) AFTER the last payout period.
In other words...post a good article...people vote on it years from now...you get paid.
However...if you don't want to do that and you have all that excess Steem lying around, cluttering up your Blog and Wallet...I'll take it off your hands. Send it to @everittdmickey. No charge for the service.
Hehehe... I like the idea of contributing to all... in a sense, burning does that as the value of everyone else's holdings go up.
How about having a discount period where people who power up internally get twice the amount of SP for their Steem Dollar for a short period? That could get the process started. Obviously I'm not an economist so there may be a fatal flaw with this I don't see. It is market manipulation but may be the lesser of two evils compared to unpegging the Steem Dollar on all the markets.
That could help absorb some of the excess supply, I would imagine. Unless I'm missing something, that would be a great idea.
It would have to be limited though or we would run out of Steem (potentially).