RE: Witnesses, what are your thoughts: Hardfork for automated #burnsteem25 for posts
I add null as a beneficiary in most of my posts, but to be very honest, that is too much for a low return of rewards person like me. I propose that if they are looking at this as a mandatory rule for all posts, they should reduce it to a maximum of 10%.
Remember, higher taxes attract a lower number of payers, so if you wish to take the maximum benefit, set it at 10%. After all, how many of us get any return on our investment of 25% on null (if you please permit me to call it an investment)?
I feel even the ones who objected to your proposal will think sympathically if the rate of burnsteem is set to 10 or at 5%.
Give it serious thought and involve more people who are willing to take your proposal seriously, with a lower setting for burnsteem. As far as I am concerned, I have nothing to lose or gain since I have no plan to redeem as long as the rates are as low as at present time. In case the rates remain the same, my Steem will remain in the chain and serve as burned Steem.
Thank you @dove11 for your time and reading my post. I agree 25% for everyone is definitely a big chunk and of course, many who earn much would not be happy to loose, but as you say something less than 5% and for everyone can make its difference because then it is a large amount of posts and also a large amount of Steem will be taken off from circulation.
Of course, there are other ways to make Steem attractive but we are talking about those marketing and mass onboarding, large investors for last 5 years and I am a bit doubtful that it magically work.
Who knows in what direction Steem will go, we will see if any productive idea will be born from all the discussion here.
I would like to thank you for your valuable feedback and would like to wish you Happy New Year!
Thank you so much, I wish you a Very Happy New Year t2024, to you and your loved ones!