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RE: SPS cost-benefit metrics after one month of daily downloads
I am against burning steem to "control inflation"
The last time I checked, Facebook stock was $437 per share!
Does Meta/Facebook burn stock shares to cause the price to increase?
NO Facebook/Meta does not destroy stock shares!
Does Tik tok destroy shares? NO!
It looks bad to destroy steem
Actually, companies do "stock buy backs" all the time, which is functionally the same thing.
But in this post, I'm not advocating for or against burning. Just tracking some metrics that relate to the SPS. I started this data collection before anyone was actively talking about burning SPS funds.
0.00 SBD,
0.11 STEEM,
0.11 SP,
0.00 TRX
Yes but with a stock buy back, the stock can be sold later. The stock is not destroyed. Buybacks often are performed to prevent hostile takeover.
0.00 SBD,
0.18 STEEM,
0.18 SP,
0.00 TRX
Sometimes. 😉
Stock Buybacks: How Companies Create Value For Shareholders
0.00 SBD,
0.09 STEEM,
0.09 SP,
0.00 TRX