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RE: What if we used the SBDs created every day in the DAO to buy and burn STEEM?
How will the supply of SBD keep increasing? Do you mean if the price of STEEM rises about the debt limit ratio? This service can stopped if/when SBDs drop below a dollar.
Yup. That's what i meant. More than stopping the service, we got to make use of the internal conversion to handle this the right way i feel. This would ensure that the price of SBD dropping below $1 would also not be possible or at the least extremely hard.
The community can do that should it become an issue. I remember gaining some extra steem long ago when SBDs briefly fell below their peg as I bought them on external markets and used the conversion feature to turn them into STEEM. Others did the same which pushed SBDs right back to a dollar over time.