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RE: Witnesses, what are your thoughts: Hardfork for automated #burnsteem25 for posts
Just a thought...
Why not focus on increasing demand instead of reducing supply? When supply will always increase as long as new coins are being produced.
Theoretically, burning seems a promising way to regulate the circulation but I think value of anything depends more on the market sentiment.
So, like moecki said, why not improve the product and increase its demand?
Scarcity may or may not increase the price but a promising product definitely will.
Hi Hira, thank you for reading the post, I agree with everything that will bring Steem forward or upward the Ranking in Cryptochart of in its value.
The only problem is how we can improve the products, once again we need developers who will be producing something on Steem blockchain and here is where we are stuck. There are nothing currently we can offer, like I mentioned already in one of my replies, to create attractive places for Gamers and to develop own video DTube: a community powered video sharing platform where users vote on videos to reward creators, curators, influencers and viewers in cryptocurrency.
Whatever helps should be considered and the Witnesses as well as Developers need to communicate with Steemians what is happening.
I am grateful for you taking time and leaving your thoughtful comment, wishing you Happy New Year!