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RE: Curator-Investors should protect their investment with at least one full vote per day to promoted posts [Opinion]

in #cryptocurrency2 months ago

Short answer: I don't really know. From your perspective, I think it should be about visibility, though. You're right that a single account won't make much difference for the supply numbers, so you should burn rewards only if you think it will help your visibility.

Longer answer: People burning 25% started as part of the #burnsteem25 initiative after this 2022 comment from @steemcurator01.

Good idea.

You can actually burn STEEM by setting a beneficiary to @null.

Maybe we should encourage people to burn STEEM this way by giving more votes...?

Say 25% beneficiary to start.

#burnsteem25

However, I honestly don't know if they're still giving special attention to those posts for voting purposes.

If you want to try burning 25% to see it it attracts more votes and engagement, it might be a useful experiment, but I would advise against doing it to prop up the value of your stake. It's only from the curator's side - voting for posts like that at scale - that beneficiary burning can have an impact on scarcity.

Anyway, as a practical matter - for the next 6 months, I think proposal #117 will be burning far more than we can accomplish with beneficiary rewards on people's posts. It started yesterday, and today is the first day that we can see the results.

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I don’t fully understand all the technicalities of how the economy works, but I can feel that if the value continues to drop, it won't be good for the community or attractive for newcomers. Even though I don’t earn a lot, I want to do my part. I’m giving #burnsteem25 a try with a post up yesterday.