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RE: Steemit is now generating serious revenue!
I would say buy back Steem from the profit similar to binance token rather than sharing profit with bloggers. If Steem price goes up, bloggers will earn bigger paycheck automatically. Moreover, bloggers now have more options to earn: @palnet, @steemleo, @sportshub and list can go on. There are still 8.5% inflation which needs to be consumed by new investors, old stakers and projects. Steem is struggling due to low demand and high supply.
"As we continue to generate more and more revenue we anticipate in the very near future that we will be able to spend a large portion to buy back Steem and burn them"
That would be my second choice. Though I think attracting more and better influencers here will likely yield more returns than just burning some steem. They likely attract readers/consumers which could really boost the numbers here which helps everything. Additional revenue streams outside of upvotes on steemit are needed for that to happen. Imagine if the steem upvotes were more like tips for the popular bloggers...