I stopped following this @smooth.
How about an update on how you think it is going?
How much Steem and SBD have you burned?
I see you have around 7k steem delegated out, what are you delegating it to?
It is delegated to anti-abuse downvote-only accounts, mostly @mack-bot. The downvote-only rule is to ensure that the stake which is pending being burned does not compete in any way with other stake for rewards (and therefore value).
I don't know the total amount but 7K SP gives a rough estimate, since all of the rewards have ended up there. Most of that has come from SBD that was converted into STEEM and then powered up. Burning will occur via power down to @null once SBD is at $1 or below as described in the rules post.
We seem to be getting an uptick in support (as well as the renewed overvaluation of SBD) so perhaps the rate will increase.
I stopped following this @smooth.
How about an update on how you think it is going?
How much Steem and SBD have you burned?
I see you have around 7k steem delegated out, what are you delegating it to?
It is delegated to anti-abuse downvote-only accounts, mostly @mack-bot. The downvote-only rule is to ensure that the stake which is pending being burned does not compete in any way with other stake for rewards (and therefore value).
I don't know the total amount but 7K SP gives a rough estimate, since all of the rewards have ended up there. Most of that has come from SBD that was converted into STEEM and then powered up. Burning will occur via power down to @null once SBD is at $1 or below as described in the rules post.
We seem to be getting an uptick in support (as well as the renewed overvaluation of SBD) so perhaps the rate will increase.
Thank you.
Nice post @burnpost
nice photo
I am very happy to read about you......good a post.
To the builders only through what is destroyed
great @burnpost
Hello, Nice post. Comgratulations.
nice
Proof of burn
Author reward 107.027 SBD, 9.763 STEEM and 71.424 STEEM POWER for burnpost/steem-experiment-burn-post-75
Sold 107.027 SBD for 110.345 STEEM on internal market
https://steemd.com/tx/60920aabc16b530388f2875851b8394e4ac71621
Power up of 110.345 STEEM since SBD > $1 (+9.763 STEEM reward)
https://steemd.com/tx/3cc24404d15fbb2c9b42eb12ccb0cb284a285a71
nice post