I'm the owner of burnpost and I do reply to meaningful questions. There is a lot of comment spam that I ignore, and unfortuntely sometimes it is hard to tell the difference.
It could certainly be done that way. This way lets us avoid reducing the supply of SBD as long as SBD is overvalued, since SBD supply is determined in part by the STEEM (including SP) supply, which immediate burning would reduce. It also allows the SP to be used for downvoting spam during the interim period until it is burned.
Proof of burn
Author reward 52.156 SBD, 3.711 STEEM and 32.728 STEEM POWER for burnpost/steem-experiment-burn-post-78
Sold 52.156 SBD for 47.808 STEEM on internal market
https://steemd.com/tx/10b197d7925ba9aab0a2d98b8e55a6a09efdc437
Power up of 47.808 STEEM since SBD > $1 (+3.711 STEEM reward)
https://steemd.com/tx/235b0824af8aaa13cd404d7a151d3d312416c8ab
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Hmm.. one experiment in mistery.
:)
lol indeed. lots of people with questions but no author reply
I'm the owner of burnpost and I do reply to meaningful questions. There is a lot of comment spam that I ignore, and unfortuntely sometimes it is hard to tell the difference.
true, friend.
it is understandable.
Don't get the part about powering up why not just send everything to null, or power down and send
It could certainly be done that way. This way lets us avoid reducing the supply of SBD as long as SBD is overvalued, since SBD supply is determined in part by the STEEM (including SP) supply, which immediate burning would reduce. It also allows the SP to be used for downvoting spam during the interim period until it is burned.
I'd rather see it go directly to null and immediately powered down. If account was somehow hacked that steem power could be back on the market
You are correct, that is indeed a disadvantage of the current method. In my view an acceptable trade off but I respect that you see it differently.