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.
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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).