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RE: Powering-Up other Steemers: Another way of tipping back into the Community

in #steemit8 years ago

Agreed. Good way of helping other minnows get noticed. However, I wonder if the Boost payment goes out as part of the curator payout since I don't see that in the breakdown of payments anymore. It may encourage people to vote and curate on more content

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A very good question indeed. If you find the answer please post it here, thanks :)

Hello @cloh76. Thats what the author of this post was explaining. The SBD generated from boosted/promoted posts doesn't go to any individual or group of persons. IT IS BURNT. That means that its sent to an account that has no private key hence the STEEM is irredeemable. Noone can access it forever.

What that does in the long run is reduce the amount of STEEM in circulation thereby making it more valuable. Hope this helps you.

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