What an interesting thought, @forkyishere!
Is this a new thing youβre trying, to burn rewards rather than receive them?
Tell us more about what youβre thinking. π§ π
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Nah, this has existed for a long time. But frontends have not implemented it yet (a few months? or is it years ago? time fly). Then the short content posts arrived and this became a no brainer (this also exists on normal posts, and that was visible for a long time).
People may decide to burn author rewards if they do not intend or feel they should be compensated for what they are saying on chain. And/Or if they feel the value of HIVE is too low, and from the pool of rewards that gets generated on every block, Burn them instead of making them go to some other user. It's a choice... and because now most frontends implemented that choice, the context can rapidly change on every comment. Which makes sense, like for example on this one to you, I am not burning any author rewards and if you want to vote for what I am saying, you can.
People can still vote for the comment, and they will receive their curation rewards, but the author ones, I am making the decision, in that particular case, to burn them. I know it does almost nothing in practical terms, but it is a message.
Hope this helps describe why I am trying to create awareness of it.
As usual, a pleasure! π
What a thorough and quick reply!
It is food for thought to burn short content rewards as a start. As you say, not that it moves the needle, but it would increase our ability to notice others who are forfeiting rewards for the nominal benefit of HIVE.
It follows that awareness of where HIVE is being burned increases awareness of where itβs being spent.
Yes, hearing that message has been like listening to a broken record. For too long, weβve been annoyed to hear weβre outspending our means.
Especially in the last 30 days as I co-hosted Hive Thrive discussions & read enough posts on HIVE crypto-nomics written at a professional level, that I see things differently.
I now see a coming crash that canβt be avoided, but we can choose how to land the HIVE plane π¬
And this canβt happen from the passenger cabin. βSaving HIVEβ can only come from urgent decisions made and executed from those in the pilot seats.
I keep helping with building behind the scenes, and I am ZERO afraid! And yes, I would land like a feather :D, and like I have just said today to @shiftrox, once the costs of "running" Hive are eliminated (and that involves costs of people stealing, etc... all the wrong stuff), then naturally HIVE price will rise, and at that time we should be READY! Because it's going to be brutally impactful. So, I am working towards that path.
Especially in the last 30 days as I co-hosted Hive Thrive discussions & read enough posts on HIVE crypto-nomics written at a professional level, that I see things differently.
Sorry, I have been missing these... attended one only, but work has been a B..lesssing LOL
Business is about working hard, leveling up, building, and trying to be ready for the big turnaround in the future.
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