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RE: 3Speak's STEEM Burn Initiative! #NewSteem
That's a solid point, and I'm for sure with you on it. It's just that if we think it would be good if all front ends started burning author rewards, well, then we may as well propose reducing rewards derived from general inflation?
Not arguing against burning having no purpose afterwards, and support the ideas you guys are having👍
Instead of everybody getting interest from nowhere (inflation), and everybody being encouraged to burn their money (deflation)....
Let's just get rid of the inflation. That's fiat bullshit anyway, we don't want inflation.
Inflation spurs forward activity. Killing it would be a bad move.
So says the Federal Reserve, yeah. I think they're corrupt liars, though.
Agreed. Please stop the inflation. It’s killing the price, since as a community, we do not distribute the inflation to projects that bring in more profits. We just distribute it to blogs that add no value and bring in no money. Burning allows us not only to remove the inflation, but to turn Steem into a deflationary model. This has to be driven by organic profits coming in from projects
Very wise words @starkerz