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Question asked on Musing.io by broken.akay

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· @broken.akay ·
Question asked on Musing.io
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properties (22)
authorbroken.akay
permlinkfkja8mcnx
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json_metadata"{"app":"Musing","appTags":["burning"],"appCategory":"burning","appTitle":"Do you think there should be an extra option besides PROMOTE to burn Steem?","appBody":"For the moment, as far as I know, the only way to burn Steem is the PROMOTE button. But no one uses that, meaning the amount increases, meaning, the value drops.","appDepth":1,"musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"question"}"
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@mazzle ·
$0.80
Question answered on Musing.io
<a href="https://musing.io/q/broken.akay/fkja8mcnx">View this answer on Musing.io</a>
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properties (23)
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json_metadata"{"app":"Musing","appTags":["burning"],"appCategory":"burning","appTitle":"Do you think there should be an extra option besides PROMOTE to burn Steem?","appBody":"<p>You could send your Steem to the @null account I think. Pretty sure that account is where good Steems go to die. </p><p>Alternatively, send your Steem to me. I’ll do what’s right for it. </p><p>Personally, I don’t believe that more Steem is causing the price to drop. The price of Steem currently strongly trends in line with BTC. </p><p>So burning Steem would simply be a waste right now. </p>","appDepth":2,"appParentPermlink":"fkja8mcnx","appParentAuthor":"broken.akay","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
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vote details (5)
@broken.akay ·
Do you think there should be an extra option besides PROMOTE to burn Steem?
<p>Yeah, @null is the only option that we have right now, and no one uses this. And yes, it decreases the value, that is the basic of economics. Increase supply, then the price drops, decrease the supply, the price goes up. It also depends on BTC yes, but the amount of Steem changes the value of Steem.</p>
properties (22)
authorbroken.akay
permlinkpkxm97z2x
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json_metadata"{"app":"Musing","appTags":["burning"],"appCategory":"burning","appBody":"<p>Yeah, @null is the only option that we have right now, and no one uses this. And yes, it decreases the value, that is the basic of economics. Increase supply, then the price drops, decrease the supply, the price goes up. It also depends on BTC yes, but the amount of Steem changes the value of Steem.</p>","appDepth":3,"appParentPermlink":"f3ycs3z25","appParentAuthor":"mazzle","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"comment"}"
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@quantifiedself ·
$0.04
Question answered on Musing.io
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properties (23)
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json_metadata"{"app":"Musing","appTags":["burning"],"appCategory":"burning","appTitle":"Do you think there should be an extra option besides PROMOTE to burn Steem?","appBody":"<p>Decreasing supply or total amount may not help in raising Steem's value. If there are too little Steem in circulation, people will decide to give up on Steem and its value will go down.</p>","appDepth":2,"appParentPermlink":"fkja8mcnx","appParentAuthor":"broken.akay","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
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vote details (8)
@broken.akay ·
Do you think there should be an extra option besides PROMOTE to burn Steem?
<p>That is truth, but we still need a way to decrease the amount. If the value drops because there is too much, people will leave, if the amount is small, but the value is big, that will attract people just for the value. But what we have now is just increasing exponentially, and there is no way to stop it. </p>
properties (22)
authorbroken.akay
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json_metadata"{"app":"Musing","appTags":["burning"],"appCategory":"burning","appBody":"<p>That is truth, but we still need a way to decrease the amount. If the value drops because there is too much, people will leave, if the amount is small, but the value is big, that will attract people just for the value. But what we have now is just increasing exponentially, and there is no way to stop it. </p>","appDepth":3,"appParentPermlink":"p3ushqz25","appParentAuthor":"quantifiedself","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"comment"}"
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