> so large as to be contributing more to incentivizing abuse than adding value

There is a lot of this going on and it is especially frustrating for those of us that strive to create value. 

A handful of us have decided to work together and get the @steemflagrewards going to help combat the problem. Even minnows can do their part. I think we owe it to ourselves to be responsible for the stake we invested. We owe it to ourselves and the larger community.

Thanks for working to address the problem from a  different angle. Would appreciate if you looked us up sometime.

This is a good idea, but we shouldn’t need this at the first place.

1. Why do we have SBD? What’s the use of it, if you can’t peg it to USD? And you can’t peg it to USD. Just give the rewards in steem and steem power and let the users convert them in the exchanges. 

2. Reducing the reward pool artificially isn’t the solution to the abuse problem. We need more effective automated and manual solutions to prevent this problem. 

What comes up for me:
1. Voting should take some time. That is a single user can only vote once every 30 second.
2. Automation of account creation and upvoting needs to be prevented. But how? I.P. Restriction? This can probably be circumvented. 
3. What would be the algorithm of a voting bot? Based on that algorithm, counter algorithms can be developed to prevent them from abusing the system without harming the regular users.

I know that I’m throwing around some random ideas, but please refer me to posts where these issues are discussed.

I upvoted because I expect this to help with the peg.  I also agree that it's a better way to spend rewards that were gained by "policing" as any stakeholder already has incentive to police the system without taking additional rewards that certain "policing" steemians (not necessarily whales but generally funded by them) are claiming to require as incentive.

The only problem with this I see is that it is not a long term solution.  It will reduce the value of the short term gains from the abuse mainly due to the decrease in the value of SBD.  But even when SBD is of lower value this abuse continues and reduces faith in the success of the network.  In contrast to the funding that goes towards policing, at least this isn't a cost to the network, and so I applaud you for that.  Unfortunately it's not a solution for the cost, only an alternative.  I guess the hope would be that those with the SP to police the network would choose this alternative.

i tried it with small amounts but nothing turned. do you achive this?

Definitely upvoted, and my experiment would thus be to see if you actually burn it.  *I look forward to you keeping your word!*

Dangerous experiment.

For every creative exploit (@haejin it seems, at the moment) there will require an equally creative counter-exploit.

I can't honestly say I understand what exactly is happening with some accounts like @haejin, but it looks like a small ponzi scheme within the ecosystem. If/when it collapses, how much toxicity it will spread is an unknown... assuming a ponzi-style collapse is the direction it will take.

Won't destroy the ecosystem, though I think @smooth has nailed an appropriate, measured response that limits damage to the broader ecosystem by offsetting the results of shrinking available supplies. 

Kudos @smooth. I'll upvote these each day.

This plan wasn't very well thought out.

Short term reward manipulation aside this plan is actually going to increase the problem it is attempting to address even though that problem might not even exist to begin with.  

For some reason the premise here is that rewards are too high in value and that this is incentivizing abuse. On face value that premise is absurd and no analysis supporting it has been shown but I will continue to use the premise to highlight how bad the plan is.

The solution to reduce the immediate payouts is to lower the current amount of funds going out and  also burns them thereby taking them out of circulation and limiting the supply. 

You are now burning supply which will increase prices as long as demand remains steady.  If the prices go up then the value of rewards goes up and you've accomplished absolutely nothing. The incentive to abuse remains according to the premise.

You are in effect trying to hobble the market differentiating value proposition that you see as incentivizing  abuse but  is also the biggest reason for success, new user signups, user engagement and market demand. It is what incentivizes the whole platform.

This is a perfect example of throwing the baby out with the bath water.

Great idea in here. We'll go for it.

i vote, most rewards are outrightly ridiculous for the post they are being rewarded for, there should be a maximum amount a post can get votes for

beautifull post @smooth thanks for information😍😍😍

Good initiative, we'll see how this thing unfolds.

voted, i agree. Continue making more post, this is the way to a better steemit!

Will burnt steem show up as a reduction in supply for feeds like coin market cap used or will it just be effectively burned. If it’s removed from total supply I like the idea much better than if it’s just effectively burned by being sent somewhere with no private key.

Hm, is it platform with $1 266 466 951 capitalization? I think this method of fight will have a fail. I'm think steemit is a great idea but have to make some global changes. 
For example, I'm don't understand why I can upvote myself comments and get some rewards from this action. It's a bad option if you build social network.

Well...
   Nice post sir..!

How much more sense such a post would make under n^2 ...

As it is now, the abusive voters will profit even more compared to me, when I vote for this post.

Not ideal...Im strong believer that under current situation the only viable option is to use flags accordingly. Nevertheless Im gonna support this experiment:)

Why not using the Steem and SBD to power up. This would also remove them from the market but you would do something useful with it

Exciting experiment, looking forward to following how it goes :)

Here is my 16 cents. Nice idea.

I'm sorry smooth. But this is a horrible Idea. There are people in 3rd world countries that are working hard here on steem to earn enough to make a living. And here we go burning this money. Like it's nothing.

Now a more interesting idea would be to, not burn the money, but take the money, put it into an account as steem power. Then a project can be made where that SP is delegated to various groups on the platform that can help out those in places that need it. 

That steem is power that can be used in a positive way to help people. 

Let's not waste a chance to pay it forward.

![](https://steemitimages.com/DQmcDovPd8qQ7iufefCUA4wdoW2PitUUe6vuNmke72ogV2P/image.png)