Nope. Won't work. Just as these "experiments" don't work.
I don't know if you read any of my comments on the other posts, but I will try to summarize to summarize them here:
- You only need 65k STEEM to bring SBD price up to one dollar. why instead of this useless project, those behind this experiment creat a fund to keep buy orders of 1 USD on the exchanges, then burn the sbd bought? Its way more effective than polluting the front page.
- You can't beat the market. You can actively manipulate it short-term with enough money, the the real demand is what will define the price/value of an asset.
- The system is working and intended. These efforts to push the price up is nothing more than whales with some big stakes bought on the 2017-2018 hype trying to find a way to reduce losses.
- There will always be steem/sbd entering the system. It's an infinite supply, therefore, the price of these assets will always tend to go down. No matter how much these experiments burn/reduce supply, they will never be enough to decrease the supply.
- Whoever is supporting this is only thinking about price, not value. As any other thing in life, price will follow value. Then instead of doing this bullshit,why not focus the efforts and money to stimulate things that create value (quick list: easier user interface, paying well known creators to join the platform, meanifull ads on the right places, hire a fucking economist that actually know how economic systems work, and a lot more can be done)
- Steem is based on social interaction. If these interactions are shitty, no new people will care about joining the system.
Anyway, this is one of the huge problems around here: most of the people with big stakes don't care about increasing the value of the system, but increasing their own ROI.
And most of them lack basic economic/market knowledge, so we have these shitty useless projects coming around.
You know what could bring real value (and bring the price up)? Support to projects like
@utopian-io, killed by the price drop, but the big whales (not all) didn't gave a shit when it died.
RE: The @sbdpotato beneficiary experiment