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RE: So, you want to BURN your STEEM?

in #newsteem6 years ago (edited)

Thanks!

Burning steem decreases LIQUIDITY and this causes deflation (increasing the relative value of the remaining steem by making it more rare, which disproportionately benefits large stakeholders and top earners).

However, it does absolutely nothing to boost the DEMAND side of the equation (and may even reduce demand if outsiders think people are burning steem because it's perceived as worthless).

I wanted to see what you thought of, https://steemit.com/philosophy/@logiczombie/my-30-days-on-a-tv-game-show-part-one

I'm still working on part-two!

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