~$435/day burned with daily burn posts in April

in #hive • 8 months ago

@buildawhale has been running burn posts for over a year. A recent change was to convert that to one daily post and 11 comments. I have been tracking how much has been burned on a daily basis.

In April we burned 19,130 Hive and 6,941 HBD or just over $13,000. That is roughly $435/day.

As I always say, I don't think burning actually does anything, but the sell pressure that is prevented does. It's hard to compete with DHF proposals handing out $500-800+ /day for projects with little to no improvement to Hive but every little bit helps.

The burn posts are here to offer stake holders an alternative choice for directing inflation as little or as much as you want.

Posted Using InLeo Alpha

#hive-engine #vyb #pob #cent #neoxian #palnet #lassecash
8 months ago in #hive by
100%
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    • [-]
     7 months ago 

    On #Hive, it seems like there is no one to help with #baddownvotes. This raises the question of what is the point of $Hive and why anyone would want to invest in something that you have no real control over and can be wrongly attacked by bad downvoters some with mined #Hivepower. Hive is run by a few powerful accounts who do as they like and answer to no one. No one dares to say a word or be downvoted. It has been like this since the days of Steemit and on Hive, it has gotten worse. The power is in the wrong hands and some people can't handle the power. On Hive, it's clear that the Hive Police are just there to farm Hive with their friends and get others to invest so they can cash out. Even with this HBD spend thing going on, this will do nothing for Hive. It will just attract more sellers to Hive and nothing else. Whoever comes up with these ideas has no fucking clue what they are doing. Stop selling a dream to people. Not everyone can make something on Hive. The trending page is crap it only takes one whale to upvote a post, and it's on trending. You see many posts make over dollars with no real engagement while other posts with plenty of engagement get barely anything at all. Hive is so centralized it is unreal. On Hive Those who are being supported day in and day out will say differently as they are being paid. You authors on Hive who make up stuff just to post a daily blog and talk a lot of nothing, and just have a chat with friends in the comments to make it look like they had some real engagement it just looks stupid who comes to Hive to chat. We do not want to bring Hive down, but you people are doing it yourselves. As time goes on, more and more people will catch on to the game that is being played on Hive, and it will not end well. Hive is not meant to be run the way it is being run, we will not run as we have done no wrong all we did was highlight the issues that need to be fixed on Hive. We will keep sharing the truth until something is done because if we don't speak up, who will? Hive has no future if it continues to go down this long dark road, it's going. Downvoters we kindly request that you stop downvoting our legitimate content. Thank you. #ONELOVE THE BILPCON TEAM

    https://www.publish0x.com/the-dark-side-of-hive/hivewatchers-logic-anyx-steemcleaners-steemcleaner-adm-oflyh-xwvemyw

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        [-]
         7 months ago 

        ()

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            [-]
             7 months ago 

            $43 foe a sentence, why is this not burning? Thanks for visiting my blog also

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              1 vote
              [-]
               7 months ago 

              On #Hive, it seems like there is no one to help with #baddownvotes. This raises the question of what is the point of $Hive and why anyone would want to invest in something that you have no real control over and can be wrongly attacked by bad downvoters some with mined #Hivepower. Hive is run by a few powerful accounts who do as they like and answer to no one. No one dares to say a word or be downvoted. It has been like this since the days of Steemit and on Hive, it has gotten worse. The power is in the wrong hands and some people can't handle the power. On Hive, it's clear that the Hive Police are just there to farm Hive with their friends and get others to invest so they can cash out. Even with this HBD spend thing going on, this will do nothing for Hive. It will just attract more sellers to Hive and nothing else. Whoever comes up with these ideas has no fucking clue what they are doing. Stop selling a dream to people. Not everyone can make something on Hive. The trending page is crap it only takes one whale to upvote a post, and it's on trending. You see many posts make over dollars with no real engagement while other posts with plenty of engagement get barely anything at all. Hive is so centralized it is unreal. On Hive Those who are being supported day in and day out will say differently as they are being paid. You authors on Hive who make up stuff just to post a daily blog and talk a lot of nothing, and just have a chat with friends in the comments to make it look like they had some real engagement it just looks stupid who comes to Hive to chat. We do not want to bring Hive down, but you people are doing it yourselves. As time goes on, more and more people will catch on to the game that is being played on Hive, and it will not end well. Hive is not meant to be run the way it is being run, we will not run as we have done no wrong all we did was highlight the issues that need to be fixed on Hive. We will keep sharing the truth until something is done because if we don't speak up, who will? Hive has no future if it continues to go down this long dark road, it's going. Downvoters we kindly request that you stop downvoting our legitimate content. Thank you. #ONELOVE THE BILPCON TEAM

              https://www.publish0x.com/the-dark-side-of-hive/hivewatchers-logic-anyx-steemcleaners-steemcleaner-adm-oflyh-xwvemyw

              HES FARMING CURATION REWARDS WITH HIS ALT ACCOUNTS

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                  [-]
                   8 months ago 

                  If it is a way to keep the economy inflation down, lets burn it.

                  AnyWay around here we have few projects and we can burn them into some construction materials...✊🏻🛹🇻🇪

                  !LOLZ

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                      [-]
                       8 months ago 

                      lolztoken.com



                      I slept like a baby last night.
                      I woke every two hours and cried.
                      Credit: reddit
                      @themarkymark, I sent you an $LOLZ on behalf of fonestreet

                      (1/2)
                      Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards. Learn more.

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                          [-]
                           8 months ago 

                          I keep hearing about burning posts, please what does it really mean @themarkymark?

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                               8 months ago 

                              It means all the author rewards earned on these posts are automatically burned upon payout reducing the supply.

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                                   8 months ago 

                                  Ohhhhh I get now. Thanks for taking the time to explain.

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                                      [-]
                                       7 months ago 

                                      On #Hive, it seems like there is no one to help with #baddownvotes. This raises the question of what is the point of $Hive and why anyone would want to invest in something that you have no real control over and can be wrongly attacked by bad downvoters some with mined #Hivepower. Hive is run by a few powerful accounts who do as they like and answer to no one. No one dares to say a word or be downvoted. It has been like this since the days of Steemit and on Hive, it has gotten worse. The power is in the wrong hands and some people can't handle the power. On Hive, it's clear that the Hive Police are just there to farm Hive with their friends and get others to invest so they can cash out. Even with this HBD spend thing going on, this will do nothing for Hive. It will just attract more sellers to Hive and nothing else. Whoever comes up with these ideas has no fucking clue what they are doing. Stop selling a dream to people. Not everyone can make something on Hive. The trending page is crap it only takes one whale to upvote a post, and it's on trending. You see many posts make over dollars with no real engagement while other posts with plenty of engagement get barely anything at all. Hive is so centralized it is unreal. On Hive Those who are being supported day in and day out will say differently as they are being paid. You authors on Hive who make up stuff just to post a daily blog and talk a lot of nothing, and just have a chat with friends in the comments to make it look like they had some real engagement it just looks stupid who comes to Hive to chat. We do not want to bring Hive down, but you people are doing it yourselves. As time goes on, more and more people will catch on to the game that is being played on Hive, and it will not end well. Hive is not meant to be run the way it is being run, we will not run as we have done no wrong all we did was highlight the issues that need to be fixed on Hive. We will keep sharing the truth until something is done because if we don't speak up, who will? Hive has no future if it continues to go down this long dark road, it's going. Downvoters we kindly request that you stop downvoting our legitimate content. Thank you. #ONELOVE THE BILPCON TEAM

                                      https://www.publish0x.com/the-dark-side-of-hive/hivewatchers-logic-anyx-steemcleaners-steemcleaner-adm-oflyh-xwvemyw

                                      HES FARMING CURATION REWARDS WITH HIS ALT ACCOUNTS

                                      [-]
                                       8 months ago 

                                      It's so crazy to me the funding that happens on the DHF and why it continues to be funded. It feels so centralized to about 30 main accounts or even less that can simply fund the project for themselves. Not really a great look for a so called decentralized blockchain that actully feels more centralized then most.

                                      100%
                                        0.00 VYB
                                          [-]
                                           7 months ago 

                                          On #Hive, it seems like there is no one to help with #baddownvotes. This raises the question of what is the point of $Hive and why anyone would want to invest in something that you have no real control over and can be wrongly attacked by bad downvoters some with mined #Hivepower. Hive is run by a few powerful accounts who do as they like and answer to no one. No one dares to say a word or be downvoted. It has been like this since the days of Steemit and on Hive, it has gotten worse. The power is in the wrong hands and some people can't handle the power. On Hive, it's clear that the Hive Police are just there to farm Hive with their friends and get others to invest so they can cash out. Even with this HBD spend thing going on, this will do nothing for Hive. It will just attract more sellers to Hive and nothing else. Whoever comes up with these ideas has no fucking clue what they are doing. Stop selling a dream to people. Not everyone can make something on Hive. The trending page is crap it only takes one whale to upvote a post, and it's on trending. You see many posts make over dollars with no real engagement while other posts with plenty of engagement get barely anything at all. Hive is so centralized it is unreal. On Hive Those who are being supported day in and day out will say differently as they are being paid. You authors on Hive who make up stuff just to post a daily blog and talk a lot of nothing, and just have a chat with friends in the comments to make it look like they had some real engagement it just looks stupid who comes to Hive to chat. We do not want to bring Hive down, but you people are doing it yourselves. As time goes on, more and more people will catch on to the game that is being played on Hive, and it will not end well. Hive is not meant to be run the way it is being run, we will not run as we have done no wrong all we did was highlight the issues that need to be fixed on Hive. We will keep sharing the truth until something is done because if we don't speak up, who will? Hive has no future if it continues to go down this long dark road, it's going. Downvoters we kindly request that you stop downvoting our legitimate content. Thank you. #ONELOVE THE BILPCON TEAM

                                          https://www.publish0x.com/the-dark-side-of-hive/hivewatchers-logic-anyx-steemcleaners-steemcleaner-adm-oflyh-xwvemyw

                                          HES FARMING CURATION REWARDS WITH HIS ALT ACCOUNTS

                                          [-]
                                           8 months ago 

                                          How are development projects and marketing initiatives not going to be 'centralized'? Do you think it makes sense to pay out a few dollars to each of hundreds or thousands of different accounts such that no one is being paid enough to actually do anything?

                                          I think it's fair to criticize specific proposals as being overpriced, ineffective, or generally a waste of money, and that's an important debate. But I don't think "centralized" really makes sense as a criticism to funding work projects at our current scale of hundreds of dollars per day. To be distributed more widely would make each payout utterly meaningless and clearly ineffective.

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                                            1 vote
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                                            [-]
                                             8 months ago 

                                            so this $435 includes the DHF proposal, not solely daily burn post can achieve this amount, right?

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                                              1 vote
                                              [-]
                                               8 months ago 

                                              The $435/day is purely the average burn so far. Last month was a bit better at over $600/day. There is no DHF proposal tied to this, it is merely an attempt to reduce supply.

                                              [-]
                                               8 months ago 

                                              Wow, it's so impressive. I don't expect this high number when I see the reward of each burn post.

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                                                1 vote
                                                [-]
                                                 7 months ago 

                                                On #Hive, it seems like there is no one to help with #baddownvotes. This raises the question of what is the point of $Hive and why anyone would want to invest in something that you have no real control over and can be wrongly attacked by bad downvoters some with mined #Hivepower. Hive is run by a few powerful accounts who do as they like and answer to no one. No one dares to say a word or be downvoted. It has been like this since the days of Steemit and on Hive, it has gotten worse. The power is in the wrong hands and some people can't handle the power. On Hive, it's clear that the Hive Police are just there to farm Hive with their friends and get others to invest so they can cash out. Even with this HBD spend thing going on, this will do nothing for Hive. It will just attract more sellers to Hive and nothing else. Whoever comes up with these ideas has no fucking clue what they are doing. Stop selling a dream to people. Not everyone can make something on Hive. The trending page is crap it only takes one whale to upvote a post, and it's on trending. You see many posts make over dollars with no real engagement while other posts with plenty of engagement get barely anything at all. Hive is so centralized it is unreal. On Hive Those who are being supported day in and day out will say differently as they are being paid. You authors on Hive who make up stuff just to post a daily blog and talk a lot of nothing, and just have a chat with friends in the comments to make it look like they had some real engagement it just looks stupid who comes to Hive to chat. We do not want to bring Hive down, but you people are doing it yourselves. As time goes on, more and more people will catch on to the game that is being played on Hive, and it will not end well. Hive is not meant to be run the way it is being run, we will not run as we have done no wrong all we did was highlight the issues that need to be fixed on Hive. We will keep sharing the truth until something is done because if we don't speak up, who will? Hive has no future if it continues to go down this long dark road, it's going. Downvoters we kindly request that you stop downvoting our legitimate content. Thank you. #ONELOVE THE BILPCON TEAM

                                                https://www.publish0x.com/the-dark-side-of-hive/hivewatchers-logic-anyx-steemcleaners-steemcleaner-adm-oflyh-xwvemyw

                                                HES FARMING CURATION REWARDS WITH HIS ALT ACCOUNTS

                                                [-]
                                                 8 months ago 

                                                One thing the skeazy little SOAB didn't mention, is that he is cashing out hundreds of HIVE and HBD a day thanks to curation rewards by self-voting his own BS post that doesn't move shit in the whole tokenomics of Hive. The burn posts are pure BS and a massive scam. All they do is give him an opportunity to self vote.

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                                                  3 votes
                                                  [-]
                                                   8 months ago 

                                                  LOL, I'm making a fortune on posts that send all the rewards to @null. You caught me!

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                                                       8 months ago 

                                                      You cash out the curation rewards on each and every single one of those comments you dumb DH.

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                                                        1 vote
                                                        [-]
                                                         8 months ago 

                                                        As I have explained to you many times, I get the same curation rewards regardless of what I vote on.

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                                                             8 months ago 

                                                            It's easier to vote on 11 of your own comments isn't it!? 😜 Dumb MF

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                                                              1 vote
                                                              Show 2 more replies
                                                              [-]
                                                               8 months ago 

                                                              Look at all the comments, they burn more than the post. The idea is just one post a day so people can find it, all the comments are where the real burning happens. It's to prevent spamming trending.

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                                                                3 votes
                                                                [-]
                                                                 8 months ago 

                                                                Thanks for your explanation. I understand it now.

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                                                                  1 vote
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                                                                  [-]
                                                                   8 months ago 

                                                                  HOW MUCH CURATION REWARDS DID YOU MAKE WHILE SELF VOTING THOSE COMMENTS WITH ALL THOSE ALT ACCOUNTS ?

                                                                  [-]
                                                                   8 months ago 

                                                                  How much is the total amount being paid out in post rewards and DHF (excluding hbdstabilizer, which returns it all)? From the point of view of sell pressure, knowing the relative scale of it all seems useful.

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                                                                    1 vote
                                                                    [-]
                                                                     7 months ago 

                                                                    On #Hive, it seems like there is no one to help with #baddownvotes. This raises the question of what is the point of $Hive and why anyone would want to invest in something that you have no real control over and can be wrongly attacked by bad downvoters some with mined #Hivepower. Hive is run by a few powerful accounts who do as they like and answer to no one. No one dares to say a word or be downvoted. It has been like this since the days of Steemit and on Hive, it has gotten worse. The power is in the wrong hands and some people can't handle the power. On Hive, it's clear that the Hive Police are just there to farm Hive with their friends and get others to invest so they can cash out. Even with this HBD spend thing going on, this will do nothing for Hive. It will just attract more sellers to Hive and nothing else. Whoever comes up with these ideas has no fucking clue what they are doing. Stop selling a dream to people. Not everyone can make something on Hive. The trending page is crap it only takes one whale to upvote a post, and it's on trending. You see many posts make over dollars with no real engagement while other posts with plenty of engagement get barely anything at all. Hive is so centralized it is unreal. On Hive Those who are being supported day in and day out will say differently as they are being paid. You authors on Hive who make up stuff just to post a daily blog and talk a lot of nothing, and just have a chat with friends in the comments to make it look like they had some real engagement it just looks stupid who comes to Hive to chat. We do not want to bring Hive down, but you people are doing it yourselves. As time goes on, more and more people will catch on to the game that is being played on Hive, and it will not end well. Hive is not meant to be run the way it is being run, we will not run as we have done no wrong all we did was highlight the issues that need to be fixed on Hive. We will keep sharing the truth until something is done because if we don't speak up, who will? Hive has no future if it continues to go down this long dark road, it's going. Downvoters we kindly request that you stop downvoting our legitimate content. Thank you. #ONELOVE THE BILPCON TEAM

                                                                    https://www.publish0x.com/the-dark-side-of-hive/hivewatchers-logic-anyx-steemcleaners-steemcleaner-adm-oflyh-xwvemyw

                                                                    HES FARMING CURATION REWARDS WITH HIS ALT ACCOUNTS

                                                                    [-]
                                                                     8 months ago 

                                                                    We are currently paying out ~$5.7M/year in DHF proposals. Most of them are extracting 10x what they give to Hive. Quick napkin math our reward pool is paying out ~$6.7M/year

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                                                                      3 votes
                                                                      [-]
                                                                       8 months ago 

                                                                      Both seem like too much to me. We should push for changes to prioritize the most valuable payouts and put a stop to the rest.

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                                                                           8 months ago 

                                                                          The DHF is a bit less, I didn't realize there is another value plan proposal currently, so that raises the daily payout a lot. I just quickly looked at PeakD and subtracted your $12K/day stabilizer. Looks like it is more like $2.1M/year right now (plus the 3-4 value proposals a year which maybe another 500K-1M or so).

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                                                                               7 months ago 

                                                                              If you were to push for something like this - most of us in my community would be backing that too. We'd post about it daily!

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                                                                                  [-]
                                                                                   8 months ago 

                                                                                  It's hard to compete with DHF proposals handing out $500-800+ /day for projects with little to no improvement to Hive

                                                                                  Would it be possible to eliminate the DHF eventually?

                                                                                  Has it been discussed?

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                                                                                       8 months ago 

                                                                                      I doubt that would ever happen. The DHF isn’t a bad thing just how it is being used.

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                                                                                        1 vote
                                                                                        [-]
                                                                                         8 months ago 

                                                                                        The incentive to use the DHF "correctly" should be to fund projects that drive the improvement of HIVE as a whole which would benefit each and every account holding HIVE, yet we're using it "wrong".

                                                                                        Could there be a problem of misaligned incentives in the design of the DHF?

                                                                                        Are there not enough dolphin and orca accounts involved in voting for DHF proposals?

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                                                                                          0.00 VYB
                                                                                            [-]
                                                                                             7 months ago 

                                                                                            On #Hive, it seems like there is no one to help with #baddownvotes. This raises the question of what is the point of $Hive and why anyone would want to invest in something that you have no real control over and can be wrongly attacked by bad downvoters some with mined #Hivepower. Hive is run by a few powerful accounts who do as they like and answer to no one. No one dares to say a word or be downvoted. It has been like this since the days of Steemit and on Hive, it has gotten worse. The power is in the wrong hands and some people can't handle the power. On Hive, it's clear that the Hive Police are just there to farm Hive with their friends and get others to invest so they can cash out. Even with this HBD spend thing going on, this will do nothing for Hive. It will just attract more sellers to Hive and nothing else. Whoever comes up with these ideas has no fucking clue what they are doing. Stop selling a dream to people. Not everyone can make something on Hive. The trending page is crap it only takes one whale to upvote a post, and it's on trending. You see many posts make over dollars with no real engagement while other posts with plenty of engagement get barely anything at all. Hive is so centralized it is unreal. On Hive Those who are being supported day in and day out will say differently as they are being paid. You authors on Hive who make up stuff just to post a daily blog and talk a lot of nothing, and just have a chat with friends in the comments to make it look like they had some real engagement it just looks stupid who comes to Hive to chat. We do not want to bring Hive down, but you people are doing it yourselves. As time goes on, more and more people will catch on to the game that is being played on Hive, and it will not end well. Hive is not meant to be run the way it is being run, we will not run as we have done no wrong all we did was highlight the issues that need to be fixed on Hive. We will keep sharing the truth until something is done because if we don't speak up, who will? Hive has no future if it continues to go down this long dark road, it's going. Downvoters we kindly request that you stop downvoting our legitimate content. Thank you. #ONELOVE THE BILPCON TEAM

                                                                                            https://www.publish0x.com/the-dark-side-of-hive/hivewatchers-logic-anyx-steemcleaners-steemcleaner-adm-oflyh-xwvemyw

                                                                                            HES FARMING CURATION REWARDS WITH HIS ALT ACCOUNTS

                                                                                            [-]
                                                                                             8 months ago 

                                                                                            Could there be a problem of misaligned incentives in the design of the DHF?

                                                                                            The problem is people, not technology.

                                                                                            Are there not enough dolphin and orca accounts involved in voting for DHF proposals?

                                                                                            Probably, but that's really not the problem.

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                                                                                                [-]
                                                                                                 7 months ago 

                                                                                                Wow, wow, I had no idea, there were daily burnings of those amounts, wow!! Hive is a whole world to discover

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