create account

Steem experiment: Burn post #118 by burnpost

View this thread on: hive.blogpeakd.comecency.com
· @burnpost ·
$529.37
Steem experiment: Burn post #118
![](https://steemitimages.com/DQmQBH23Qyws1yNzpUafaU1Tu557RrCtemnUANPK9ssehGk/Steemburn.jpg)

Burn post for May 13. [Rules and update](https://steemit.com/steem/@smooth/burnpost-three-month-status-and-update)

To provide additional support, vote for the comment below
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 57 others
👎  
properties (23)
authorburnpost
permlinksteem-experiment-burn-post-118
categorysteem
json_metadata{"tags":["steem","experimental","burn-post"],"image":["https://steemitimages.com/DQmQBH23Qyws1yNzpUafaU1Tu557RrCtemnUANPK9ssehGk/Steemburn.jpg"],"links":["https://steemit.com/steem/@smooth/burnpost-three-month-status-and-update"],"app":"steemit/0.1","format":"markdown"}
created2018-05-13 12:41:39
last_update2018-05-13 12:41:39
depth0
children10
last_payout2018-05-20 12:41:39
cashout_time1969-12-31 23:59:59
total_payout_value408.453 HBD
curator_payout_value120.915 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length267
author_reputation2,654,113,277,731,171
root_title"Steem experiment: Burn post #118"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id55,458,015
net_rshares108,993,593,734,356
author_curate_reward""
vote details (122)
@a1mtarabichi ·
**I fell into a burnin' ring of fire
I went down, down, down
And the flames went higher
And it burns, burns, burns
The ring of fire,** ***the ring of FIRE***

![](https://steemitimages.com/DQmf5XkziWNRDhtHfMjAVHtdstVoLsf2y2SvyGvRm9Cr9cB/image.png)
👍  
properties (23)
authora1mtarabichi
permlinkre-burnpost-steem-experiment-burn-post-118-20180513t202730672z
categorysteem
json_metadata{"tags":["steem"],"image":["https://steemitimages.com/DQmf5XkziWNRDhtHfMjAVHtdstVoLsf2y2SvyGvRm9Cr9cB/image.png"],"app":"steemit/0.1"}
created2018-05-13 20:27:42
last_update2018-05-13 20:27:42
depth1
children0
last_payout2018-05-20 20:27:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length247
author_reputation-724,187,876,225
root_title"Steem experiment: Burn post #118"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id55,519,565
net_rshares486,226,038
author_curate_reward""
vote details (1)
@burnpost ·
$253.96
properties (23)
authorburnpost
permlinkre-burnpost-steem-experiment-burn-post-118-20180513t124219000z
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2018-05-13 12:42:24
last_update2018-05-13 12:42:24
depth1
children0
last_payout2018-05-20 12:42:24
cashout_time1969-12-31 23:59:59
total_payout_value193.846 HBD
curator_payout_value60.116 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length71
author_reputation2,654,113,277,731,171
root_title"Steem experiment: Burn post #118"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id55,458,111
net_rshares52,304,921,220,483
author_curate_reward""
vote details (24)
@burnpost ·
$0.08
Proof of burn

Author rewards:
0.017 SBD and 0.007 STEEM POWER for burnpost/re-burnpost-steem-experiment-burn-post-110-20180513t125123600z	
96.923 SBD and 32.645 STEEM POWER for burnpost/re-burnpost-steem-experiment-burn-post-118-20180513t124219000z	
204.225 SBD and 68.788 STEEM POWER for burnpost/steem-experiment-burn-post-118

Sold 301.165 SBD for 218.505 STEEM on internal market

https://steemd.com/tx/24a32fcb7d5e5d9cc31ef74ffcfb225c73a7f8c7

Power up of 218.505 STEEM since SBD > $1

https://steemd.com/tx/1a82b7942988a39e2c55ebce353c8c0bb164a3a7
👍  ,
properties (23)
authorburnpost
permlinkre-burnpost-steem-experiment-burn-post-118-20180520t153023300z
categorysteem
json_metadata{"tags":["steem"],"links":["https://steemd.com/tx/24a32fcb7d5e5d9cc31ef74ffcfb225c73a7f8c7","https://steemd.com/tx/1a82b7942988a39e2c55ebce353c8c0bb164a3a7"],"app":"steemit/0.1"}
created2018-05-20 15:30:27
last_update2018-05-20 15:30:27
depth1
children0
last_payout2018-05-27 15:30:27
cashout_time1969-12-31 23:59:59
total_payout_value0.060 HBD
curator_payout_value0.016 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length554
author_reputation2,654,113,277,731,171
root_title"Steem experiment: Burn post #118"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id56,725,393
net_rshares17,824,925,462
author_curate_reward""
vote details (2)
@matife ·
Burnpost keeps burning
The fire would never quench
Steeming higher
properties (22)
authormatife
permlinkre-burnpost-steem-experiment-burn-post-118-20180513t131534843z
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2018-05-13 13:15:45
last_update2018-05-13 13:15:45
depth1
children0
last_payout2018-05-20 13:15:45
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length66
author_reputation-891,965,157,955
root_title"Steem experiment: Burn post #118"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id55,462,115
net_rshares0
@mirshadferdy ·
how can a support choose a comment, then how is the next solution to reward users?
properties (22)
authormirshadferdy
permlinkre-burnpost-steem-experiment-burn-post-118-20180515t192159154z
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2018-05-15 19:22:09
last_update2018-05-15 19:22:09
depth1
children0
last_payout2018-05-22 19:22:09
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length82
author_reputation9,066,428,891
root_title"Steem experiment: Burn post #118"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id55,877,827
net_rshares0
@naser-ab ·
Each day how many post I can posted and what's the time frequency of the per post?
properties (22)
authornaser-ab
permlinkre-burnpost-steem-experiment-burn-post-118-20180513t125332351z
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2018-05-13 12:53:33
last_update2018-05-13 12:53:33
depth1
children0
last_payout2018-05-20 12:53:33
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length82
author_reputation19,778,254,335
root_title"Steem experiment: Burn post #118"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id55,459,486
net_rshares0
@upmewhale ·
re-burnpost-steem-experiment-burn-post-118-20180514t212513770z
You got a 30.02% upvote from @upmewhale courtesy of @smooth-b!

Earn 100% earning payout by delegating SP to @upmewhale. Visit http://www.upmewhale.com for details!
properties (22)
authorupmewhale
permlinkre-burnpost-steem-experiment-burn-post-118-20180514t212513770z
categorysteem
json_metadata{"app":"postpromoter/2.0.0"}
created2018-05-14 21:25:15
last_update2018-05-14 21:25:15
depth1
children0
last_payout2018-05-21 21:25:15
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length165
author_reputation28,704,887,249,463
root_title"Steem experiment: Burn post #118"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id55,708,598
net_rshares0
@whatsup ·
$0.99
I haven't commented on this for a while...

There is no burning happening here.  Voters of this article would have the same impact by upvoting someone who is powering up and selling their SBD.

There is no evidence that SBD will go back under $1 USD, and if it does burning large amounts of it would likely limit the supply and increase the price again.  

I fully believe that smooth's intentions are good and acknowledge this is voluntary and not harming anyone.

It is just my opinion the platform would be better served by finding a content creator that you enjoy, who is power up and support them instead.
I would ignore this if it stayed off the trending page.
👍  
properties (23)
authorwhatsup
permlinkre-burnpost-steem-experiment-burn-post-118-20180515t215721222z
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2018-05-15 21:57:24
last_update2018-05-15 21:57:24
depth1
children2
last_payout2018-05-22 21:57:24
cashout_time1969-12-31 23:59:59
total_payout_value0.748 HBD
curator_payout_value0.246 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length666
author_reputation519,839,651,581,670
root_title"Steem experiment: Burn post #118"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id55,896,508
net_rshares203,108,787,168
author_curate_reward""
vote details (1)
@smooth · (edited)
>  Voters of this article would have the same impact by upvoting someone who is powering up and selling their SBD

This is incorrect. Someone who powers up may (and nearly  always, in practice, will) power down and sell later. Secondarily, someone who is active on the platform and powers up is probably themselves upvoting content (possibly their own). Finally, in most cases when you upvote you have no assurance that the recipient will indeed power up, even if they have been doing so before. That has a very different impact on both the platform and the market compared with voting for something that has a commitment to: a) power up, b) not upvote using the resulting SP, and c) power down _and burn_ (not sell) later. 

The only  differences between burning immediately and powering up and burning later are: a) a temporary increase in the market cap of STEEM in the interim, b) the burn-pending SP can be used for important (arguably necessary) community-benefit purposes which have no other economic incentive nor obvious source of funding such as downvoting spam, and c) the burn-pending SP could be stolen if the operator goes bad or the account is hacked (and not recovered).

> There is no evidence that SBD will go back under $1 USD

There is actually considerable evidence, as it has dropped from about  $12 (occasionally momentarily higher, but $12 was at least briefly sustained) to a little over $2. While STEEM has also dropped, SBD has dropped a lot more, as is apparent from the internal market price of STEEM expressed in SBD (which has climbed from about 0.50 to 1.40).

This, of course, is not proof that SBD will decline to $1, and certainly no one can guarantee anything about future market prices, but it is evidence of a very strong and sustained trend in that direction. @burnpost is probably contributing in some modest way to this, but the degree is difficult to measure. (@burnpost has sold about $100K worth of SBD, but the impact on the market from constant ongoing selling pressure day after day is not necessarily a direct function of its amount.)

> and if [SBD does go below $1] burning large amounts of it would likely limit the supply and increase the price again

I don't see what that has to do with @burnpost at all. Destroying excess SBD when the price is below $1 is the normal mechanism for maintaining the peg and has always worked. It is only the upper bound peg (which this initiative supports) that doesn't work well on its own.

Also, if you don't want it on Trending you are free to vote for the "additional support" comment instead of the post, or indeed downvote the post. However, personally I see nothing preferable at all about the paid-vote posts ending up on Trending which are at least 90% of it. In no way would any sane person claim that Trending is a value-based assessment of the 'best' posts. It is just a snapshot indicator of posts where the money is going.
👍  
properties (23)
authorsmooth
permlinkre-whatsup-re-burnpost-steem-experiment-burn-post-118-20180520t063919300z
categorysteem
json_metadata{"tags":["steem"],"users":["burnpost"],"app":"steemit/0.1"}
created2018-05-20 06:39:24
last_update2018-05-20 06:49:09
depth2
children1
last_payout2018-05-27 06:39:24
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length2,923
author_reputation260,342,945,372,716
root_title"Steem experiment: Burn post #118"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id56,661,589
net_rshares3,623,130,263
author_curate_reward""
vote details (1)
@whatsup ·
$1.02
Thank you for the thoughtful reply.  I hope those supporting this will upvote the comment.

I'm glad you mention the trending page, it is so much better now!  :)  I love it compared to when the miners and the SteemIt, Inc favs were on it.  At least now it is a surprise each day!  :)

All in fun, take care smooth.
👍  , , ,
properties (23)
authorwhatsup
permlinkre-smooth-re-whatsup-re-burnpost-steem-experiment-burn-post-118-20180520t064849005z
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2018-05-20 06:48:51
last_update2018-05-20 06:48:51
depth3
children0
last_payout2018-05-27 06:48:51
cashout_time1969-12-31 23:59:59
total_payout_value1.009 HBD
curator_payout_value0.008 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length314
author_reputation519,839,651,581,670
root_title"Steem experiment: Burn post #118"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id56,662,567
net_rshares226,366,786,920
author_curate_reward""
vote details (4)