RE: No-Brainer SBD Potato Top Up Proposal
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Come on man... Here is my proposal for you:
Get the witness together, convince them to donate 65k steem total from all of them (and maybe other whales too), trade it for btc, buy the sbd ask book on Bittrex.
There. You have sbd price at 1 USD.
Then do whatever with the collected and (burn, donate, I don't care)
Isn't this way easier than pledging for funds that could go to another more attractive project?
Also, it would stop the potatoe nonsense on the trending ( also a front page for steemit)
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A little bit difficult to get everyone to part with their funds especially in this down economy, getting SPS funding to buy up SBD and keep converting and buying is the best solution, and keeps the posts off trending. The funds will be returned to the SPS when the peg is fixed so other projects wont lose out. Atm the fund has 200K sbd and growing and not many projects have enough votes to get funded so funds sitting there
Then I guess they aren't as worried with the Steem economic health as they claim to be?
Steem/SBD ratio is working as intended, and the whole problem with this potato initiative is that it doesn't have any real effect.
Here is a scenario for you:
Let's suppose you get the funds to buy the sbd form the market, and the price goes up to 1 USD.
Now sbd start to be printed again, and supply increase. A few months later, sbd price start to go down again because there is no demand for it, because no one have an actual use for it.
Then what? Ask for more funds to manipulate the market again, and again and again?
The result of this way of action is that sbd will always be a shitty coin that everybody will now know that prices are being periodically manipulated.
It doesnt work, and worst of all, don't increase the value of the ecosystem.
There is only one solution for this "problem": increase demand in a real and meaningful way.
Instead of looking for Band-Aids, those involved on the development of the blockchain and its tokens should look to improve it in a way that attracts more people to it.
I have been using steem for a long time now, and it is sad to see a platform with so much potential go down the drain because of petty disputes over rewards value.
Guess what? If no one cares about steem, its value will be zero...
That's the problem with individuals/proxies who decided to squat on the return proposal or trying to flex some muscles about their childish and ignorant views.
They think they are making a statement, but the only thing they are doing is causing those who are interested to build and vest their time to become disinterested.
If stakeholders feel things like a public node are not worth funding, then they deserve a failed ecosystem. But hey, not like some of them with millions of SP actually know what the hell they are anyways.
Some of them still think they are invested in
Steemitafter 3+ years.Yip the return proposal has too much support, I agree with you there. People being penny wise and pound foolish. Ridiculous how @anyx can't even get his $15 per day proposal funded for key infra that most apps actually use. When the anyx node is down half of Steem is down.
Don't worry when I get the sbdpotato project stabilised and at a point where it needs to be, I will go on a crusade against that return proposal. One thing at a time, I don't have the personal bandwidth for everything.