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RE: How create value on Steem OR How @sbdpotato (and @burnpost) is hurting Steem more than it is helping
great post! I also find that the posts aren't actually effective either. SBD at 1$ will happen with the next upward swing in crypto with or without these burn posts.
Directing these funds to contributors would be a much better decision. Let's go for it :)
The SBD system is already designed to self regulate itself. A better way to make the system work in favor of bringing SBD price back to 1 USD is to let people know when it is profitable to use the convert function. (basically, when the blockchain is paying more STEEM per SBD than the market)
Even if these initiative had any real effect, it would be so small that it wont matter when there is a price movement in one direction or another.
Agreed.