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RE: Liquid STEEM Report Jan 15, 2020
Inflation is being offset by the rate of STEEM converted to Non-Liquid STEEM.
Have you calculated the BURNED steem?
Inflation is being offset by the rate of STEEM converted to Non-Liquid STEEM.
Have you calculated the BURNED steem?
No, I haven't because it is insignificant. However since you asked, I calculated the combination of STEEM and SBD burned over the last 5 days and compared it to the average STEEM created over the last 5 days. Since SBD is not being created currently, I don't need to factor in how much SBD is being created. The amount of STEEM and SBD burned comes out to 0.502192%
About half a percent
I wish I owned 0.502192% of all steem created over the last 5 days.
I also wish I owned 0.502192% of all gold mined over the last 5 days.
I think burning steem is misguided and it would be much better to power-it-up.
However I was shocked to see burnposts at the top of the 30 day leaderboard.
Thanks for the info!
I could not agree more.
To my way of thinking the point of creating Steem was to distribute (get it in as many hands as possible) it as far and a wide as possible.
The more it is distributed the more people will be attracted to use the platform.
It looks like a valuable resource going up in smoke to me
More than just that, if people are voluntarily burning it, I believe it sends the message that people think it's worthless.
It's actually encouraging to me that @socky is seeing only a relatively small percentage burned, however, the sum total is still (I suspect) a pretty large amount (give it to me pleeze!). I'd be more comfortable if it was closer to 0.000502192%!
The burn post totally reminds me of this video
LMFAO!!