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RE: Steem Improvement Proposal: Allow STEEM donations to the DAO

in #steem • 5 years ago

The DAO could purchase SBD from the internal market automatically at the market rate instead of printing new SBD

5 years ago in #steem by
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         5 years ago 

        This would make the existing major weakness of SBD with respect to overvaluation/undersupply even worse.

        It would work fine if there were another dynamic source of SBD supply within the system such as reverse conversions (STEEM-to-SBD), but there isn't.

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