$370/day burned with Burn Posts in May

themarkymark in #hive • 7 months ago

A total of 5,789.24 HBD & 18,341.08 Hive burned in May through @buildawhale burn posts. That is $11,475 total for the month.

Why burn posts?

Burn post give stake holders an alternative way to direct inflation with their stake. All author rewards are burned as well as Hive Engine tokens earned.

There is one daily burn posts with 11 comments, so you can choose to burn as much or little as you want.

Hive Engine Tokens

Most tribes are dead at this point, so it's kind of pointless to even look at what is burned, but Leo is still pretty active.

Burn posts burn a considerable amount of Leo, in fact, in previous months the burn posts were in the top 5 authors on Leo.

While this chart is not a specific time frame (likely a few weeks), it does show where the burn posts (@buildawhale) fall in total Leo rewards. A total of 874.464 Leo was burned in this time frame, which is roughly around $70 every 2-3 weeks.

#hive-engine #vyb #pob #cent #neoxian #lassecash

7 months ago in #hive by themarkymark

26.72 VYB

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lifeclicks 6 months ago

@themarkymark I have noticed I am consistently receiving down votes from you where am going wrong am new here

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bbhbot 5 months ago

@bpcvoter3, sorry! You need more $BBH to use this command.

The minimum requirement is 1000.0 BBH balance.

More $BBH is available from Hive-Engine or Tribaldex

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1 vote

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opinizeunltd 7 months ago

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bpcvoter3 7 months ago

STOP SELFVOTING WITH @gogreenbuddy AND THE OTHER ALT ACCOUNTS

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themarkymark 7 months ago

lol I'm not a fan of him doing that either.

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amirl 6 months ago

Interesting. But the curation rewards are not burned. So infact it gives a way to earn curation without contributing power to anyone else.
So its a way to keep inflation but with side effect of preserve power.
Another way to stop inflation is not vote at all. Its actually a stronger way to hold back inflation but it reduces the non-voter stake.

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6 votes

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themarkymark 6 months ago

Interesting. But the curation rewards are not burned. So infact it gives a way to earn curation without contributing power to anyone else.

You are correct and that's not a bad thing.

Another way to stop inflation is not vote at all.

This is false. It would have no affect on inflation what so ever, or would just forfeit your ability to influence where it goes and your share of curation. The same amount of inflation is printed regardless if you vote, it is just where it goes that changes.

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amirl 6 months ago

Oh I got it, thanks

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18 votes

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por500bolos 7 months ago

Yeah, I think you should burn all HIVEs & HBDs and every engine token into my wallet. Because in the end, it's the same thing anyway!

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2 votes

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themarkymark 7 months ago

Sure, I don't think anyone will complain (or notice).

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1 vote

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por500bolos 7 months ago

Neither one nor the other. I bet no one would notice or complain. But you'll never know if you don't try.

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themarkymark 7 months ago

Give it a try, let me know how it goes.

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por500bolos 7 months ago

Do you think I'm a magician or what?

You are the one who has to write it and make the adjustments to see how it goes!

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themarkymark 7 months ago

You said you wanted to burn all your stuff, not sure how that involves me. I'm already burning a ton of stuff.

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por500bolos 7 months ago

Ah brother, don't make me think now that you are ignorant or illiterate. In my first comment it is very clear what I said and what it means. I even made you a drawing.

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themarkymark 7 months ago

Aww come on, let me gaslight you.

gwajnberg 7 months ago

I think this post should be read by all hive... these 175 words have much deeper information that is important for us to reflect what we want for the blockchain...

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bitcoinflood 7 months ago

That's a pretty big chunk of burn honestly. I was honestly expecting it to be a lot less.

Agreed pretty much every community token is dead. I think it would be interesting to take a look into why that is and what communities could do to increase their token price outside of just exchanging hive for their token.

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themarkymark 7 months ago

It was as high as $19k/m but I have powered down half my stake.

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