BurnSteem25 v. Power Up 100%

The #burnsteem25 tag is a project that encourages SteemIt authors to burn some STEEM in exchange for upvotes. I like to search the burnsteem tag by creation date.

The project asks authors to set @null as a 25% or higher beneficiary of the post before adding the #burnsteem25 tag to the post.

I hope that there are whales who downvote posts that use the tag but fail to set the beneficiary. IMHO Tag abuse is a legitimate cause for downvotes.

The hope of the #burnsteem25 project is that burning STEEM will decrease the float of STEEM on the market, and that this reduction in floating STEEM will increase the price.

I wonder if this assertion is true.

I power up 100% of my author rewards. If anyone upvotes this post; the system will burn STEEM that would otherwise be powered up. The image shows the settings for this post. It shows I will power up the rewards. The 25% @null beneficiary shows that I am burning staked STEEM.

Curators Sell STEEM Too!

The primary assumption is that author rewards are the primary cause of the low price of STEEM. Is this assumption true?

I suspect that most curators are hoping to receive rewards for their efforts.

My actions disprove this assertion.

Sadly, I need to pay down a debt.

I decided to start powering down half of my curation rewards. SteemWorld says that I am earning a little over 2 STEEM a week in curation rewards. So, I've been powering down 1 STEEM a week. My account grows by 1 STEEM a week in curation rewards and my meager author rewards. I will pull 52 STEEM in curation rewards this year to help pay down debt.

In my case, I am keeping my author rewards and selling my curation rewards. I suspect that all of the curators on this platform have plans to seel some of their rewards at some time.

If I bothered looking; I suspect that I would find thousands of cases where authors power up their rewards and thousands of cases of curators sold rewards. The low price of STEEM is not the fault of authors.

SteemIT has a low Market Capitalization

I was just looking at Coin Gecko. Coin Gecko told me that STEEM was trading at $0.1482 and had a market capitalization of just $75,963,382.

Sadly, the crypto world judges platforms by the market capitalization. $75 million is low in the scheme of things. STEEM is in position #579 on the CoinGecko list.

Major investors look at the market capitalization before making big decisions.

So, yes #burnsteem25 reduces the float, but it also reduces the marcap!

Steem Exclusive

There are other valuable tags on the platform. I would love to have a list of tags that render special benefits.

I added the #steemexclusive tag to emphasize that I created the content in this post exclusively for SteemIt.

Conclusion

My conclusion is that authors who stake 100% of their earnings are doing more for the platform than those who burn a quarter of their earnings.

Since some large accounts visit the #burnsteem25 tag, I think that new users are wise to play the burn steem game to earn votes.

Of course, it would be better for the platform if the Newbies staked their author rewards. That way their upvotes would increase in value.

I generated the image on Night Cafe.