Viewing a response to: @elderson/re-burnpost-steem-experiment-burn-post-127-20180525t183921799z
No we are selling it for the market price, which does have the effect of likely reducing its price. However, to the extent the market price of SBD is higher, it means we can buy and either burn or power up more STEEM. So in effect this channels some of the high demand for SBD into demand for STEEM.
| author | smooth |
|---|---|
| permlink | re-elderson-re-burnpost-steem-experiment-burn-post-127-20180531t015652700z |
| category | steem |
| json_metadata | {"tags":["steem"],"app":"steemit/0.1"} |
| created | 2018-05-31 01:56:54 |
| last_update | 2018-05-31 01:57:09 |
| depth | 2 |
| children | 0 |
| last_payout | 2018-06-07 01:56:54 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 299 |
| author_reputation | 260,342,945,372,716 |
| root_title | "Steem experiment: Burn post #127" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 58,526,772 |
| net_rshares | 0 |
hiveblocks