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RE: On the "imminent death" of Steem-Engine // "overpriced tokens" of steem-engine // and the fate of steem-engine in a post SMT world
The ‘burn steem to create tokens’ idea is my favorite idea for the steem ecosystem I have heard in a long time. I can’t think of a logical argument against burning steem for anyone who wants the value of their stake to increase
I think the fact that steem-engine stays at 1 steem/1 eng is because of burn. I think if we had burns for steem steem would be higher priced.
Make people buy from the weakest hands in the market. Burn that steem. Repeat.
What do you think will happen to price?