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RE: Steem inflation observations for 2024/Q3
In short, if we want to reduce the STEEM supply, raising the price of STEEM (and keeping it there) would be a much more efficient way to do it then by burning tokens.
Just like in any other economic system, it is time to recognise that crypto and blockchain do not work any differently than the ‘real’ economy.
In the traditional economy companies sometimes do stock buy backs - which can be functionally the same as burning (depending on how it's organized), so burning also makes sense in some contexts. But yeah, there's no substitute for enhancing the value of the product/service.