That could be true. But there seems to be incentive to burn Hive, and for PeakD to implement functions such as adding @null as a beneficiary, or burning Hive as part of promoting a post.

The problem I see is the incentive for the user to part with the value of the Hive token being burned. I think Hive could transfer that value, rather than destroy the value. It’s a win-win.

Also, PHP permanent staking is just one example. I’m sure with SMTs and Hive Engine tokens, other ideas of value transfer could be implemented: when you burn Hive you receive this token. Still seems to be a better value proposition than simply destroying value to increase value of remaining tokens.

Thanks for the feedback and likes!