After reading Marky's reply and explanations in a recent discussion on beneficiary mechanics (post on POB tribe) I still feel I can be misunderstanding all right.
So I said, why not try smth in practice?
Maybe I shall make a post on Ecency, and set all rewards to burn.
Then I can see exactly, how much Hive, LEO and POB tokens will be burned.
[pic source -YT undeadtrev chanel]
Burning tokens is good in any case, right ?
If you are rich on Hive, LEO and/or POB stake - please give your rich fat upvote here. 🙂 Be part of this small experiment.
If something unexpected happens, and some tokens are paid out to my account, I make a public promise now to send them all to NULL next Friday night, by manual transfer.
Hahahaha. 🤣 You just murdered it right now, Boss. 🔥🔥
When I saw this post I was like, BOOM! This is some real ass shit right here. 🔥
I am proud of you, Boss.
Don't forget to burn those motherfuckers multiple times. 😎
Bless up. 🥂🌴
i'm on it with you
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I believe burning has its own purpose in the crpto world.
Moreover it's not so bad to experiment something new.
🔥🔥🔥
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With setting NULL =100% I have no idea yet, what exactly will happen to curation rewards. Maybe upvoters still will get their part? Or maybe not.
I will wait for some wise curators here to come and clarify on this.
I think curators will still get their own 50% share just that 100% of your 50% author reward goes to null...i don't know how true this is but I think that's how it works.
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Curators will get 50%. This might not work probably then ;)
getting lazily desperate over pob's value are we now
if you're burning it, it's official! pob turned into a shitcoin
keep pumping it so I can keep selling it then
thanks bitch
I gave you a -1% vote just to show you I disagree with what you're doing
you gave me a -100% vote out of spite
senile bitch
Okay, I'm in.
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BUUUUUUUUUUUUUUUUUUUUUUUUUUUUURN !!!!
I'm not rich but give you my vote anyway 😉
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Burning tokens is a very good idea in my opinion. As you burn the token, its value increases at the same rate, maybe more.
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do you plan to make this a regilar occurence ?
I don't understand what you mean by burning. Can you please explain it for me.
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In crypto burn means to "get rid of", by sending to null or another place where the tokens will not be used and are usually destroyed.
The point is to take them out of circulation so they can't be purchased or sold again (reducing the overall supply)
In crypto there is a lot of focus on reducing supply and not nearly enough focus on increasing demand.
So, Alpha is advocating to reduce supply by burning tokens, which is pretty meaningless without adding to demand as well.
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Thank you
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From my understanding Burning means that the tokens are sent to an account called @null which nobody holds the keys to and then they are automatically deleted. So they are being taken out of circulation and this in theory will make the other tokens more valuable.
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Thank you. That's interesting
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First of all, you need a Flamethrower. Then you drop the coins onto a cold wallet, I'd suggest a USB Stick. Stick the USB Stick into your PC and send all the Tokens you do want to burn to the username/adress '@null'. Remove the Stick and place it on a brick stone, pref. outside but some folks are doing it in their garage.
The rest is up to you.
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Ok
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Are you going to do it one day?
For now I'm just learning
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I can't. Maybe someone else can?
Okay sir
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burn in cryptocurrency simply means taking away permanently a certain amount of the circulating supply, which will definitely have a good effect on the token
K
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Not definitely, possibly if there is demand later
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K
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If it's a null then how would curators get their rewards. I don't think so.
The curators get paid anyway. The post pays out to the null account and thus the tokens are deleted or burned
I see
The burn is a mechanism that works when there is a certain Hype and must be supported in this case especially by whales. Let's see how it goes: P
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Will curators rewards get burnt too? Healthy burning is very good to control supply. Well I will like to see the end result by next week.
Curators are still paid directly
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I'm curious, too. Pretty sure curators will still get their piece but we'll find out for sure in 7 days, right? Now I just have to remember to check... :-)
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I may not have a big vote yet, but if I can contribute in any way to make my tokens worth more, I will.
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This is one experiment I'm curious and looking forward to see how it goes.
Oh yes, it’s time to see some changes in price around here.
🔥🔥
This man love for the community is just so amazing even sending all the curation reward to null😔😔😔😔
Voted, lets see a burn 🔥
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maybe the action you are taking now has a point,
This is Looking like a new experiment here on proofofbrain Platform,am not seeing burning too as a bad idea,but the end result is what someone like me is going to watch out for.
Let see what happens once you are through with this experiment
Do you need to manually burn them or only part of them? I think beneficiaries work on some communities but not others.
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Ah, glad you were able to read it. I look forward to seeing the results of this experiment.
Burn it 🔥
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Whale in process dropped a vote :)
Weeks ago I questioned the need for us to burn some things around here hahaha
I don't have a great voting power, but 100% my vote!
I wish I can burn.
I know you can burn all day time.
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Nice! Let's burn!!!!
If your problem is Pob / Leo price drop due to high market supply, it's better develop a stabilizer mechanism by using community based curation project.
I was thinking of this idea and hope to initiate the development when fix the issues that related to this concept.
Cheers~
I'm not terribly fat, but you're welcome to whatever LEO/POB my vote adds to the experiment... why not?
Burn away...
=^..^=
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This is 5 POB added to the 245 that no beneficiary will ever see and then 5 POB for @null.
The other 125 POB I have in the wallet are getting powered up.
makes no sense
won't ever make any sense
burning is the lazy way out
Interesting!!!
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I gave you a -1% vote just to show you I disagree with what you're doing
you gave me a -100% vote out of spite
senile bitch
I'm not rich in any but have a little of them all.
Upvote incoming
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Definitely Sir, Atleast POB needs some regular burning events. POB has less than 1% burn tokens out of total supply. Its time to juice up the null account. A good experiment I would say. ☺️👍 !PIZZA
Every human being would move forward with some new experiments
Yeah it will mooning soon hehe
Everyone has their fire, but the champion knows when to light the fire. Likewise with POB, maybe this burning will make POB a champion. xD