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Steem experiment: Burn post #172 by burnpost

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steem · @burnpost · (edited)
$275.35
Steem experiment: Burn post #172
![](https://steemitimages.com/DQmQBH23Qyws1yNzpUafaU1Tu557RrCtemnUANPK9ssehGk/Steemburn.jpg)

Burn post for July 6. [Rules and update](https://steemit.com/steem/@smooth/burnpost-update-for-sbd-at-1-usd-and-accompanying-rule-improvements)

To provide additional support, vote for the comment below. Another method is to vote for the proof-of-burn comment added after 7 days
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 121 others
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vote details (185)
@arcange · 
Congratulations @burnpost!
Your post was mentioned in the [Steemit Hit Parade](https://steemit.com/hit-parade/@arcange/daily-hit-parade-20180707) in the following category:

* Pending payout - Ranked 3 with $ 280,03
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@burnpost ·
$194.34
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vote details (90)
@stealthtrader · (edited)
I really wish I understood this, but I feel like it's good!
👍  
properties (23)
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vote details (1)
@burnpost ·
$144.92
Proof of burn

Author rewards:
20.997 SBD, 39.656 STEEM and 55.589 STEEM POWER for burnpost/re-burnpost-steem-experiment-burn-post-172-20180707t020452700z	
30.089 SBD, 56.829 STEEM and 79.662 STEEM POWER for burnpost/steem-experiment-burn-post-172	
15.674 SBD, 23.763 STEEM and 35.293 STEEM POWER for burnpost/re-burnpost-steem-experiment-burn-post-163-20180705t075145300z

Sold 66.760 SBD for 55.525 STEEM on internal market

https://steemd.com/tx/1db7d8ccd455cfddb2cd82bbf40767c373015aa2

Power up of  175.773 STEEM since SBD > $1 (+120.248 reward)

https://steemd.com/tx/cbeb2cd64bd2fa8b15ec8d8f495504ba72edfaea
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
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vote details (36)
@chavacrypto · 
Nice Idea - Burn Post!!
properties (22)
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@daydreams4rock · 
I am unclear as to what your doing here ? Are you distributing the income ?
properties (22)
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@smooth · 
No, it is not distributed. The income is used to sell SBD and buy up STEEM which is then stored (by powering it up) and eventually destroyed. The imbalance (selling SBD without ever buying, and buying STEEM without ever selling) should help stabilize the value of SBD and increase the value of STEEM
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@joyart · 
This is one great initiative I've seen here; well done bro, i can't love this any less. 
Much love @joyart
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@moneymakingguru · 
@burnpost  nice one sir, very unique and crypto lover content plz read and share your opnion
https://steemit.com/cryptocurrency/@moneymakingguru/blockchain-companies-doesn-t-need-office
Sir, I would really appreciate if you can support people like us. Your little help will help us grow too.
 Looking forward to hearing soon from you. Thank you.
👍  
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vote details (1)
@out-of-box · 
@burnpost ok as you say.............
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@serfer307 · 
Don't really understand what is all about ? Are you helping commenting people ? I upoted post and this comment with nearly 170 dollars . But still don't understand what is all about :)
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@marc99 · 
the rewards from this post will be burned, reducing the total amount of steem and increasing the price of steem.
👍  , ,
👎  
properties (23)
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vote details (4)
@upmewhale ·
re-burnpost-steem-experiment-burn-post-172-20180708t073752532z
You got a 49.18% upvote from @upmewhale courtesy of @smooth-a!

Earn 100% earning payout by delegating SP to @upmewhale. Visit http://www.upmewhale.com for details!
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@vijaysingh · 
This Is Intresting &  I hope Steemit Work On You Say .
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