Viewing a response to: @marki99/re-smooth-202019t2149106z
Market cap remains the same only if demand does not increase. If payouts are made to (sufficiently) value-adding posts then it should increase demand more than enough to offset the dilutive effect of more coins. Voting for burnpost is expressing a view that the weighted average of other posts is not value adding. I was mostly agreeing with you BTW. I do personally vote for burnpost so my _opinion_ is that fewer coins -> higher price under current conditions, but I just wanted to acknowledge this is opinion not objective fact.
| author | smooth |
|---|---|
| permlink | q3vcko |
| category | steem |
| json_metadata | {"app":"steemit/0.1"} |
| created | 2020-01-10 02:07:42 |
| last_update | 2020-01-10 02:07:42 |
| depth | 5 |
| children | 1 |
| last_payout | 2020-01-17 02:07:42 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 533 |
| author_reputation | 260,342,945,372,716 |
| root_title | "Steem experiment: Burn post #528" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 94,243,170 |
| net_rshares | 0 |
I agree with you too, however you can never be 100% sure that demand will increase when upvoting someone. Even if he has the best of intentions and we truly believe in him and his plan to create value, we can still be wrong. What we have to do is consider what happens when demand remains the same, because we don't how demand will vary. It is possible for Steem to become worse from a fundamental point of view but for demand to increase because the market has constantly proven to be irrational. That's why I think that burning is the only 'objective' way to increase the price. Other methods can be argued and disagreed on, for example, not everyone votes for the same proposals on the SPS.
| author | marki99 |
|---|---|
| permlink | q3vwi0 |
| category | steem |
| json_metadata | {"app":"steemit/0.1"} |
| created | 2020-01-10 09:18:00 |
| last_update | 2020-01-10 09:18:00 |
| depth | 6 |
| children | 0 |
| last_payout | 2020-01-17 09:18:00 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.033 HBD |
| curator_payout_value | 0.033 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 698 |
| author_reputation | 11,400,723,818,181 |
| root_title | "Steem experiment: Burn post #528" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 94,252,480 |
| net_rshares | 401,327,841,893 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| smooth | 0 | 401,327,841,893 | 1% |
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