RE: Witnesses, what are your thoughts: Hardfork for automated #burnsteem25 for posts
Thank you for bringing this up. We urgently need to discuss the content of future hard forks. I hope I won't be the only witness to comment here.
every time when we produce post we produce Steem
That is not correct. The amount of STEEM produced depends on other factors. @remlaps wrote about it e.g. here: https://steemit.com/steemtalk/@remlaps-lite/a-quick-look-at-steem
Whether the price goes up also depends on many factors. I can't fully understand all the financial aspects of blockchain tokens, but I would also suggest that auto-burning can have an impact on the market price. However, I guess the impact will not be very significant.
I rather think that an investor will invest in a product that matches his expectations. In my opinion, we should therefore rather try to improve the Steem product. But for that we also need hardfork.
everyone's post will automatically be set with 25% to @null
I'm not a friend of automatic burning.
So far, even the current optional transfer to @null is not popular.
Especially if the Steemit team thinks your suggestion is a good idea, I can't understand why they don't set a beneficiary for @null in their posts.
And you also don't set a beneficiary.
but if we all agree that it will help Steem to recover and climb up the Ranking and up the Price ladder
That should be the goal for all of us. However, we should be sure that the change will have the desired effect.
Forcing users to burn part of their rewards could be a deterrent for many users. It would be like getting my full income first and then having to pay part of it to the government as taxes. It would be better if the tax was already deducted from my income.
Perhaps it would be better to focus on inflation or to directly burn part of the STEEM produced with each block so that it is not available for the reward fund.
I believe that acceptance would be much higher.
HI @moecki, yes, you are not only a Witness who commented and that is also because I asked other Steemians to approach the Witnesses from their communities to read the post.
You know how it is people read and leave, because many think I am only one and I can not change the world, then I often think about the nature and for example ants, they are small, seems to be not important but they work like one well organised team, they can build bridges using their own bodies and many other fantastic things. But of course, we are human, more clever and we all have our ideas and think that is the correct one.
I do not understand much how the blockchain works, I never tried to dig into it because this is not my specialist field and the only feature that attracted me in Steem was blogging. Therefore, if you say that blockchain generates Steem not only with posting then it is good to know.
Returning to the name of my post suggesting burning Steem for all, I have taken 25% just like an example because currently it is a popular trend for small accounts to receive upvote by SC01/ SC02 and a special "Burn Team" SC03. But we are all Steemians and if something like that would come to consideration then we also can discuss if maybe a smaller percent like 3% or 5% but for all, so that it is not so painful for some whales.
You probably missed the posts of @steemitblog in the past when they set 100% to @null, but not recently
I did it in the past, but recently I decided to set Beneficiaries for Donation projects, for Crowdfunding, also for Spotlight of other users post so that they receive something.
I regards to "Burn Steem" action, I do not think that doing that voluntarily in the first instance, which is done only by smaller accounts with the hope to be visited by SC01-03 account could bring any benefits. It is just unfair to encourage small users to do so and the same time to see the big "Whales" getting by self-voting even own comments with their own multiple accounts.
This is another option, if Witnesses will agree with that
Thank you for your thoughtful feedback and also it was very valuable to know your opinion,
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This is a good point:
Even if witnesses decide against this particular change, it's good that @stef1 raised this topic so that improvements can become possible. I hope other witnesses will comment, too.
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