Well, I seem to have missed @ctime shutting down his Burn Bot about 2 months ago, but today, by chance, I discovered his post and the hundreds of burn comments under it:
Original post: https://blurt.blog/burnbot/@ctime/4xmzc1-burn-bot-has-been-shut-down
Now, I am not a mathematician, nor am I an expert on tokenomics, but even I have noticed the nice development of the BLURT token price in the past months! 📈
Could it be because @ctime is concentrating all of his stake on the burning of BLURT!?!? 🔥
There is really some massive burning 🔥 going on the in those comments and I must admit: I like it! ❤️
His new approach is to use his massive voting power to direct the rewards directly to @null.
Unlike on Hive, this massive burning can actually make a difference here on Blurt!
If somebody else visits his post and upvotes the comments, then they will keep their curation rewards of 50% and the other half automatically gets burned on payout!
I really like his approach: He works with his stake of almost 22 million BlurtPower earning his BLURT via curation, whilst burning massive amounts of BLURT, reducing the reward pool by a 💩load of BLURT! 🔥
I personally will support these burn comments, keeping my curation rewards! I also urge others to do the same and let us see, if the BLURT token price continues to rise!?!?
This post is, of course, going 100% to @null!!! 🔥🔥🔥🔥🔥
Please consider taking a moment to vote for my witness, if you haven't already done so!
You can do this by logging into your wallet with your active key! 🗳️
It only takes a few seconds and doesn't cost a cent!
https://blurtwallet.com/~witnesses?highlight=outofthematrix
@saboin
@nalexadre
@megadrive
@khrom
@agorise-witness
@mariuszkarowski
@bluesniper
Hey everybody and a happy new year to you all!!! 🍀🎉🍾🌞
I HAVE A PROPOSAL!
What do you guys think of the following?
The big stake accounts (i.e. blurtbooster or beblurt) point a certain amount of daily 100% upvotes to @ctime s daily burn comments. Thus channeling and cumulating casted upvotes to maximize the curation rewards on these comments whilst simultaneously burning a large number of BLURT.
We could implement a website similar to: https://www.shibburn.com/, to show real time BLURT burn statistics. 🔥
I personally believe that if we concentrate a lot of big upvotes on the burning process, we can move the BLURT token price upwards! 📈
I look forward to reading your feedback guys.
Have yourselves a lovely start into 2025! 🙏🍀
Tom
Sounds like shenanigans that will drive believers in the free market and voluntarism away from Blurt.
Simple example here: I just upvoted your above comment inside my burn post. This means, that the comment gets burned too. But only your half! I keep my 50% curation reward!
This means, that if you vote on ctimes burn comments, his 50% are burned and you keep your 50% for upvoting! The curator keeps his reward.
When we raise the price by 100% then new users and investors will show up
Oh good
for a minute I was confused 🥓
Note that in the last month we have survived a 4-5 M BLULT dump, and the price has not fallen so drastically. I think that if someone wanted to buy 5M BLURT now, the price would increase by up to 100%. Burning helps
I hope to receive an answer from saboin and nalexadre. I think a massive burn campaign and website could be very helpful!
website is an expense, it is enough for nalexadre to publish a post with statistics, he knows how to calculate the number of burned BLURT, he has already done it in the past
Most important is, if everyone is in on the burn comments... @nalexadre could do regular burn posts, but we need big votes on the burn comments... 😍😍😍😍
My “Power up bonus” campaign has shown that only a few people are interested in increasing their Blurt Power. For this reason, I have changed the rules by which I vote, for a while now I vote only on “burn comments”, blurt.media and on posts shared on X.
Could curationcoconut do something similar? For example: if a post was shared on facebook then the vote could be higher?
These shares are very important, they improve the position of blurt.blog in search engines and can bring new users
@outofthematrix
This is the path that large content curation accounts should follow. While it is true that burning helps, getting incentivized comments, reblogs also help the platform's economy.
Give 100% positive votes to posts that have comments, that publish or link to your posts on mastodon, x, facebook, instagram. This gives an added value, publicity and the way the platform economy is created, the fees that are generated contribute to a better price.
I will support the burn comments with both accounts outofthematrix and curationcoconut!!!!
I hope more whales will follow!!!
BTW: If there is a way to check if an account has powered down, let us say, in the past 3 months, then: NO UPVOTE... For example!
Very bad idea, don't forget we are not Hive. People should not be affraid to power down and sell their BLURT when they need money. What I don't like is this:
We keep voting on accounts that are created by same person
Re🤬eD
🥓
If burning works why stop at some? Burn them all.
Also, set inflation to zero. Stop making extra tokens out of thin air and devaluing the currency. It's the exact opposite of burning. So it burning is good, interest is bad. Consider negative interest (your savings slowly burn themselves).
We are not burning savings. Just reducing the daily reward pool by sending to @null. Please make yourself a picture of the tokenomics of upvoting burn posts!
IMPORTANT: You keep your curation rewards as the upvoter!!!!
Please make yourself familiar with the tokenomics of upvoting burn posts and burn comments! YOU KEEP YOUR CURATION REWARDS! You EARN whilst upvoting these burn comments!!! For you as a curator, nothing changes!