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RE: SBD Potato Day 50: NEW Conversion Tracking API & DAO Proposal
Here is an idea... Why these whales voting this bullshit don't go to the market and buy sbd with their stake to drive the price up?
It would be way more effective.
It's much easier to spend the pool than your own personal stash!
And it is likewise easier to tell someone else to spend their money than to spend your own.
Using reward pool funds is the most logical approach since helping the SBD peg and stable coin work better is mostly a public good. People voting for this think it is a good use of reward funds.
Also, the funds being accumulated by @sbdpotato will be sent to the Steem DAO once the peg is restored, so that's essentially a refund to Steem.
Well put @smooth :)
I agree, it's not realistic to expect individuals to support the price of any coin, let alone a 'stable' one.
Check my other comments... With only 65k STEEM you push the price of sbd to 1 usd
Very temporarily, then it goes right back down. That's not the goal.
So it is this experiment.
You can't beat the market. The price will go the direction the demand happen.
This "experiment" is useless.