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RE: Is Burning the Best Way to Save Steem from Inflation?
Burning steem or sidechain tokens doesn't make any difference when there isn't much demand for them anyway. Whales control steem's price. Instead of burning, everyone should always power up and help decide token distribution. That... Or just sell.
Don't just sell.
If there're business entity outlets that allows you to use instead of just sell your tokens, would you consider it?
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There are almost none of those, which is why the two options I've mentioned are pretty much all there is to it.
That's because they are waiting for someone else to do that for them.
But that being said, IF there was that option, would you use it instead of just selling it?
When that finally happens, steem price is finally going to go up. So yes, I would hold it, use it, delegate it, whatever. But it's just not going to happen anytime soon.
Nothing takes instant.
But it is always good to look out of any initiative. It could just be right around the corner about to happen.
🙂
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Nah. Not anytime soon. Unfortunately.