RE: Quick note on burnpost by freddio

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Viewing a response to: @smooth/quick-note-on-burnpost

steem · @freddio · Feb 8 '20

for me it looks like it should be fixed in code and not try to repair it this way.

I think SBD should be a DAI copy and removed from rewarding. its way more scaleable and usefull then.

At as a Bonus it would not effect Inflation. So the system is secure.

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@smooth · Feb 8 '20 (edited)

Maybe so, but realistically it would likely be years (at a bare minimum a year) before that sort of code change is made on Steem given current development processes, resources, and roadmap. Meanwhile, we have to make the most of the system we have.

IMO the most realistic change we can make near term which makes SBD function more closely to DAI is to enable STEEM [contributions to the SPS](https://steemit.com/steem/@smooth/steem-improvement-proposal-allow-steem-donations-to-the-dao), but even that probably won't happen either for several months at a minimum.

👍 freddio

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@freddio · Feb 9 '20

I dont know how much time and money it needs to change this kind of code. I dont have the skills to do this. But i think someone maybe in the community have the skills. 

SPS i think would be nice to fund something like this. 

I agree with you, I also think it would take a very long time.

The most point i dont like on SBD is, the influence on inflation. I thing this can be kill Steem in a unlucky ( middrange) Bullrun.

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@smooth · Feb 9 '20 (edited)

> I thing this can be kill Steem in a unlucky ( middrange) Bullrun.

I don't see that at all. In a bull run, inflation is actually reduced by the presence of SBD. The tougher situation is in a bear market.

This is true of DAI as well, because ETH (and other assets with MCD, but that's small so far) will be liquidated from CDPs and reintroduced into the market. That's effectively higher inflation. We just haven't see how things play out when DAI is large yet.

👍 freddio

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