Steem experiment: Burn post #93
Burn post for April 18. Rules
6 years ago in #steem by burnpost (82)
$882.56
- Past Payouts $882.56, 0.00 TRX
- - Author $673.87, 0.00 TRX
- - Curators $208.69, 0.00 TRX
Still not sure what this is all about.
The point is post rewards are meant to be burnt from this post, reducing the supply of steem. However, they are actually delegated away to other accounts. You can read the rules provided but to me I don't see it as burning rewards at all.
The burning will occur upon power down as explained in the rules.
nice to look at...bravo
good greetings steem community I am new to this. It looks interesting but I do not really understand what it is about I would like to help
The principle is that you when you burn the supply of a coin the price will go up since there less coins availlable in the market ( Marketcap is the price of the coin multiplied by the circulating supply ) so if the circulating supply is a bit smaller but the demand is still the same so that drives the price up.
but here is good article I found explaining it more in detail.
Correct. Also in this case the SBD from the post is used to literally buy STEEM, so it is directly acting to increase the price (in addition to the indirect effect from fewer coins)
Great post! ;) lol
Are we supposed to upvote this? Burning rewards sounds bad. Could you donate them to some newbies?
Proof of burn
Author reward 336.935 SBD and 95.423 STEEM POWER for burnpost/steem-experiment-burn-post-93
Sold 336.935 SBD for 269.549 STEEM on internal market (+0.424 comment reward)
https://steemd.com/tx/b0c8213b43c46da5c9666dde1e9e45addf47a186v
Power up of 269.549 STEEM since SBD > $1
https://steemd.com/tx/5853e5cd1c661529a7f752e9816280893b52a4e9
Hello, good publication, I am new on the platform, regards.
Hmm very good post
Sorry. Am I the only one didn't get this?
beautiful
Those colours are extremely eye catching
It takes a smart person to decode this. Nice one.