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

in #steemit • 7 years ago

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.

7 years ago in #steemit by
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