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RE: SBD Potato Day 56: DAO Proposal Funded and Post Frequency Updates
Have a look at smooth’s comment on his post, smooth is an early adopter of Steem and co-founder of Monero, don’t u think smooth will have a better idea of what will and will not work? That post just bedazzles users with copious amounts of info so users think it must be right since there is so much data.
Being an early adopter doesn't mean that he knows everything.
Yes, I got a few things wrong about the conversion mechanics, but they are already correct, and yet, my conclusions stay the same.
And now providing users more info is now something bad?
A bad habit around here is that just because a witness say that something is true, everyone must agree, say amen, praise how wonderful the witnesses and shut up.
And everyone else that is critic about anything is always wrong.
I still don't think I am wrong. @sbdpotato is a useless project, won't achieve anything of value, and it even contribute to make steem image even worse than what already is.
I most certainly don't know everything but I do know that the effectiveness of sbdpotato in helping to restore the convertibility of SBD into $1 worth of STEEM (by reduction of the SBD supply, the debt ratio, and therefore the conversion haircut) is a mathematical certainty under a limited set of very reasonable assumptions (such as Steem having non-zero value).
Any claims to the contrary are either mistaken or deliberate misinformation.
I did reread the whole thing once again with comment section in particular. It made me support both @sbdpotato and @burnpost ideas.
Don't know if it will succeed, because SBD does not seem to me to have purpose - STEEM is widely listed on markets and it's rates to $ aren't very volatile