Declining payout does not accomplish anything. It is the same as not posting at all, as far as rewards go. Please review the rules and update posts for an explanation of what this method does accomplish.
Why does it matter if the price of SBD hits 1 dollar? People will still use the bid bots. In fact, it will actually make a bid bot user more money if the price of SBD was $1. So what exactly will making 1 SBD accomplish? @burnpost
It does not make bid bot users more money if SBD is $1. The bid bot price is generally close to value of the rewards, making it close to break even for the user, and nearly all of the net value of the reward goes to the bid bot owners and delegators.
SBD being $1 makes it useful as a medium term store of value and currency for transactions neither the payor or payee needs to be concerned about huge volatility where prices can go up or down by 20% in a day or more. It adds value to the platform by making it more useful. Having another token with purely speculative value does not add value, it is redudant.
There are other aspects to it discussed elsewhere but I won't repeat them all here in a little comment.
Author rewards:
241.487 SBD and 67.400 STEEM POWER for burnpost/re-burnpost-steem-experiment-burn-post-106-20180501t221820600z
273.841 SBD and 76.430 STEEM POWER for burnpost/re-burnpost-steem-experiment-burn-post-105-20180501t221753400z
0.021 SBD and 0.006 STEEM POWER for burnpost/re-mejustandrew-re-burnpost-steem-experiment-burn-post-105-20180501t221512000z
247.320 SBD and 68.952 STEEM POWER for burnpost/steem-experiment-burn-post-106
0.022 SBD and 0.006 STEEM POWER for burnpost/re-burnpost-steem-experiment-burn-post-98-20180430t200317400z
343.135 SBD and 90.403 STEEM POWER for burnpost/steem-experiment-burn-post-105
Sold 1125.827 SBD for 891.796 STEEM on internal market (+0.001 donation)
after reading the post sent by @smooth I understand your intent and purpose. I myself support you 100%, if I can post this translate to the Indonesian language for me share, so that people in my country know what and intent your goals.
hopefully always successful friends....!!!
Rewards from this comment will be added to the post rewards for burning
Doing great job keep it up!!
this is burnin !!!
This is the first burning post I've read/
Wow without words this is on fire, I'm excited about this type of content
BAM!...:)...
So... why not simply decline payout?
Declining payout does not accomplish anything. It is the same as not posting at all, as far as rewards go. Please review the rules and update posts for an explanation of what this method does accomplish.
How would people know that you will really burn the money? Have you done this before?
I am just asking, hope you don't mind.
People who believe me vote to support, and those who don't don't.
Seems legit
Why does it matter if the price of SBD hits 1 dollar? People will still use the bid bots. In fact, it will actually make a bid bot user more money if the price of SBD was $1. So what exactly will making 1 SBD accomplish? @burnpost
It does not make bid bot users more money if SBD is $1. The bid bot price is generally close to value of the rewards, making it close to break even for the user, and nearly all of the net value of the reward goes to the bid bot owners and delegators.
SBD being $1 makes it useful as a medium term store of value and currency for transactions neither the payor or payee needs to be concerned about huge volatility where prices can go up or down by 20% in a day or more. It adds value to the platform by making it more useful. Having another token with purely speculative value does not add value, it is redudant.
There are other aspects to it discussed elsewhere but I won't repeat them all here in a little comment.
Burn, MF, Burn!!!....:)...
yes!
Proof of burn
Author rewards:
241.487 SBD and 67.400 STEEM POWER for burnpost/re-burnpost-steem-experiment-burn-post-106-20180501t221820600z
273.841 SBD and 76.430 STEEM POWER for burnpost/re-burnpost-steem-experiment-burn-post-105-20180501t221753400z
0.021 SBD and 0.006 STEEM POWER for burnpost/re-mejustandrew-re-burnpost-steem-experiment-burn-post-105-20180501t221512000z
247.320 SBD and 68.952 STEEM POWER for burnpost/steem-experiment-burn-post-106
0.022 SBD and 0.006 STEEM POWER for burnpost/re-burnpost-steem-experiment-burn-post-98-20180430t200317400z
343.135 SBD and 90.403 STEEM POWER for burnpost/steem-experiment-burn-post-105
Sold 1125.827 SBD for 891.796 STEEM on internal market (+0.001 donation)
https://steemd.com/tx/810c236837f9ba361b734cca7f72172f08631a71
Power up of 891.796 STEEM since SBD > $1
https://steemd.com/tx/346c4619e9c69548e27010c1b316eb148cd8c04a
what a good image it continues so you have my vote
how to grow my steem id anybody help me
after reading the post sent by @smooth I understand your intent and purpose. I myself support you 100%, if I can post this translate to the Indonesian language for me share, so that people in my country know what and intent your goals.
hopefully always successful friends....!!!