Steem experiment: Burn post #93

in steem •  last year 

Burn post for April 18. Rules

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Still not sure what this is all about.

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The point is post rewards are meant to be burnt from this post, reducing the supply of steem. However, they are actually delegated away to other accounts. You can read the rules provided but to me I don't see it as burning rewards at all.

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The burning will occur upon power down as explained in the rules.

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nice to look at...bravo

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good greetings steem community I am new to this. It looks interesting but I do not really understand what it is about I would like to help

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The principle is that you when you burn the supply of a coin the price will go up since there less coins availlable in the market ( Marketcap is the price of the coin multiplied by the circulating supply ) so if the circulating supply is a bit smaller but the demand is still the same so that drives the price up.
but here is good article I found explaining it more in detail.

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  ·  last year (edited)

Correct. Also in this case the SBD from the post is used to literally buy STEEM, so it is directly acting to increase the price (in addition to the indirect effect from fewer coins)

Great post! ;) lol

Are we supposed to upvote this? Burning rewards sounds bad. Could you donate them to some newbies?

Proof of burn

Author reward 336.935 SBD and 95.423 STEEM POWER for burnpost/steem-experiment-burn-post-93

Sold 336.935 SBD for 269.549 STEEM on internal market (+0.424 comment reward)

https://steemd.com/tx/b0c8213b43c46da5c9666dde1e9e45addf47a186v

Power up of 269.549 STEEM since SBD > $1

https://steemd.com/tx/5853e5cd1c661529a7f752e9816280893b52a4e9

Hello, good publication, I am new on the platform, regards.

Hmm very good post

Sorry. Am I the only one didn't get this?

beautiful

Those colours are extremely eye catching

It takes a smart person to decode this. Nice one.

Very nice post

your great burn post sir.
@pakhi

Thank you for the great post!

Sometimes you have to bring Artistic eye to understand an image

beautiful @burnpost

I wish I could burn one.

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I feel u buddy. Also i feel ur nikname too. :(
Stay strong.

Good publications my friends

beautiful

I am surprised how you are earning hundreds on such a simple picture. I would love to be your student..

How can i participate to this? sorry i don't understand it. can anyone explain? thanks

I follow you

A great power will make global change, I believe that steem will dominate the global market, and we will be the winners later, thanks @bormpost for what has taught me to continue to burn the spirit to be great.
and continue to create changes for a winning color and gold crystal we will have together.



we win together

You are on fire

Just started using steemit i saw this in the main page it emediately caught my attention it is so good

Arghhhhh \m/

Very nice

ALL THOSE WHO UPVOTED THIS POST FOR REWARDS, YOU JUST PARTICIPATED IN A GANG RAPE OF REWARD POOL

bcd841458cbcb8290df19141ddca84bf.gif

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Did you read rules?

Why not make these posts decline rewards and have a comment for votes so they don't take over the trending page

Oh my God, That's tooooo hot.

Cool

What a beautiful place