Steem experiment: Burn post #21
Burn post for February 5. Current rules are here: https://steemit.com/steem/@smooth/burn-post-experiment-one-week-review-and-rules-update
Burn post for February 5. Current rules are here: https://steemit.com/steem/@smooth/burn-post-experiment-one-week-review-and-rules-update
I'm afraid I don't follow... What is the Feb 5 rules outlining exactly? Is this account dedicated to burning steem?
Why not burn the SBD to the promote option right away in place of arming more users with liquid steem/SBD. Selling them on the internal market doesn't do much good as it can still then be transferred and pumped on the open market. Using the post promote right away destroys that ability.
See replies on post #22
but why...
but why...
The illustration is cool by the way.
This account burnt hundreds of dollar per post. Why my account never tried to get hundred dollar reward a post and even had a hard time getting at least $1.00. Anyway, since it is an experiment I am here to speculate what happen next.
Proof of burn
Author reward 177.626 SBD, and 45.841 STEEM POWER for burnpost/steem-experiment-burn-post-21
Sold 177.626 SBD for 211.385 STEEM on internal market
https://steemd.com/tx/23180c8d9150502cde1827c14ed51b48c20cbc66
Power up of 211.385 STEEM since SBD > $1
https://steemd.com/tx/07b86b0fce4a79df277058d9c7d540e77ed946d1