This is all in the internal market, we aren't selling SBD we are selling Steem to buy up excess SBD and then converting it which is similar to getting rid of the SBD.

We are reducing to a post every 2 days, once the proposal is funded we will just have a weekly update post and maybe some small lower value ones that don't make it to the trending page.

SBD was meant to be a stable coin used by merchants so they can rely on a fixed value in order to correctly price goods and services and bring global business to Steem, however it got broken and is now

It was powering down, but just refreshed the powerdown now to powerdown the full amount.

@berniesanders how are things going with randowhale? Last time we spoke you mentioned you were going to do something similar to @sbdpototo with it to help the peg. Could I ask you to help vote this proposal

Preach it @smooth! :)

ok sure 4 comments going up today

A user who spends 100 USD and powers up is still an investor, do you think most people would risk personal funds to power up for a long period? I am of the view that Steem would be less daunting and user

I do agree that SBD needs to either be fixed or removed, leaving as is in a broken state is stupid. if steem prints alot of SBD then sbdpotato just needs to keep doing its thing converting the SBD and

Good sentiment but that makes it very manual, this project is run for free and already takes up alot of time. Curating and choosing posts etc would also make it so we can't automate these posts, the best

Yeah still good, the edit was related to having a feature to pay like 5% Steem burn for insta powerdown, that is dangerous. 4 weeks pd is fine

Good advice, just did, check today's post

Yes I agree, just added a section to the daily posts requesting proposal support.

Thanks for the help my friend, I really appreciate it. Fraternal hugs across the oceans!

Historically SBD pumps are followed by a rise in the Steem price, that's the goal here. Also Minnowbooster earns maybe 5 SBD per day on vote selling currently and is hardly worth noting, we will be phasing

Don't worry when I get the sbdpotato project stabilised and at a point where it needs to be, I will go on a crusade against that return proposal. One thing at a time, I don't have the personal bandwidth

Yip the return proposal has too much support, I agree with you there. People being penny wise and pound foolish. Ridiculous how @anyx can't even get his $15 per day proposal funded for key infra that most

Minnowbooster does vote @sbdpotato posts and gets some curation out of it, the main idea however is to fix the SBD peg and the theory is Steem will rise with it, which means less Steem needed to pay for

.63 USD can buy 1.015 SBD. The thing is 1 USD should be able to buy you 1 SBD, currently SBD is selling for less than it should. and can't function as a stablecoin for hedging and merchant purposes,

Dear Piotr, I appreciate your comment and appreciation. Basically the way I did this proposal was set it to be funded only 1 SBD per day and set the beneficiary as the steem dao meaning funds get returned,