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RE: Steem experiment: Burn post #103
I agree with what you are trying to do, but I also think its important to make everyone you can aware of this. It could possibly hurt those that are using steemit the way it should be used and are just trying to gain exposure using bid bots. I am all for getting SBD back to its pegged price so we can start doing 100% power up posts again. I expect the price of Steem to fall with the price of STB if the $1 peg can be sustained with the systems we have in place. I think its a positive long term, but it may be very painful for quite a few people early on.
Please reread this portion:
When that happens, the SBD party is over no matter what. Those for whom it will be painful had better brace themselves. Winter is coming.
Apart from the above (it will happen anyway), this doesn't hurt anyone paying for exposure. They will still be able to use bid bots to pay for exposure. It will just cost less to do so!
@burnpost doesn't really change anything about the reward payouts, they are going to lose the benefit of SBD overvaluation no matter what. What it is doing is channeling this inevitability to help the system in other ways.
I was wondering why I was getting some payouts in Steem, now it all makes sense. I still think Steem will stay close to the price of SBD if we take action now or not. Thanks for taking the time to explain your reasoning, It will be an interesting experiment to watch.