Burnpost status

The @burnpost initiative has steady gained support and is currently systematically receiving rewards of concerning $500-$600 (displayed post value) per day. many thanks to all or any of the supporters WHO have created this potential.

We have often sold-out all of the reward SBD on the inner marketplace for STEEM, serving to to exert downward worth pressure on SBD toward the $1 peg (along with upward worth pressure on STEEM), and have high-powered up a complete of concerning 11000 SP (currently value concerning $33000). This stash of powered-up SP is supporting downvote-only initiatives to assist counter the foremost harmful abuse (at least in terms of blockchain cost) high volume self-rewarded spam.

Finally this has helped 'drain the swamp' by leading rewards removed from the vote-buying, bid bots, circle jerks, and different wasteful nonsense that's more and more getting down to dominate the platform, and instead toward goals that ar clearly of profit to all or any stakeholders and so the whole platform: selected shopping for and burning to extend the worth of STEEM; increasing the STEEM market cap; harnessing voluntary vote support and economic process to boost the performance (even if solely marginally therefore far) of the SBD peg, creating it a lot of helpful and reducing the imbalances (such as negligible curation rewards) caused by overvalued SBD; and eventually serving to to prevent spammers and similar varieties of clear abuse.

As a reminder, once SBD declines back to $1 or below, the STEEM received by @burnpost (including all post rewards that have to this point been high-powered up) are high-powered down and/or burned by causation to @null. None of the coins received by @burnpost can ever be sold-out or otherwise distributed. they're irrevocably selected for burning.

If @burnpost rewards stay systematically on top of $500 (displayed) every, i will be able to shortly expand the initiative to form one post per twelve hours rather than one post per twenty four hours. Supporters ar welcome to support one, both, or neither of those posts (all votes ar welcome and appreciated), however by making 2 posts this permits those stakeholders WHO want to choose favor of the @burnpost goals to optionally increase their current rate of support.