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Question answered on Musing.io by mazzle

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· @mazzle ·
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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>
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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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