RE: Contest | 25-Word-Comment - Monkey Business | - 6 Steem
Greetings everyone I'm happy to participate.
Burnsteem25
My fellow steemians please do not panic when you hear burn and steem together, I'm here to explain to you in a way you all will understand so about what goes on called proof of burn.
Within the enormous world of consensus algorithms in Blockchain, I can name the proof of burn as being rather distinct and in other words, the participants are required to incinerate their crypto coins in order to be rewarded.
Here comes burnsteem25, whereby burning 25% of your Steem payout would help to increase your chances of being rewarded. Yet that value is nowhere to be found in the form of votes; so it is to be found in adopting the thinking beyond it and learning about the complexities of the Blockchain universe.
I hope you understand that thanks for reading and have a wonderful day.
I'm inviting @emmy01, @m-fdo and @ability20 to participate.
I calculated it but I can tell you the upvote is not worth set 25% to null.
There's no win for the author what you receive only adds to the 25% of null.
If you only earn 0.03 there's no way to grow.
I like to hear from you why there are no transfers to thebaccount null
Thank you.
Hi dear Sorry for the late reply I will first thank you for the calculations and for raising your concerns towards the Burnsteem25 idea, since there are no transfers to the account null for what I know it means that the 25% burn is actually an effort to encourage more participants who will have to sacrifice part of their earnings to contribute to the overall ecosystem, unlike other burns described above, this burn does not end up with an actual transfer of some amount of money to a particular account so hope you get that
A transfer should be traced, can you explain why this only requires for those with a small wallet?
I can not understand why transfers should be traced only for users with a small wallet and the next thing you know other information will surface so I'm also looking forward towards this chapter to help me develop such understanding but with the little knowledge I have that's what i explained to you thanks and have a great day
If the blockchain remembers/saves everything all actions can be traced. Big or small doesn'y matter.
Ler's see if more info shows.
You can look here
https://steemit.com/@hive-152479/posts