If you think that voluntarily burning BLURT destroys this Blockchain then you are wrong. By canceling my all buy orders on exchanges I could show you what Blurt's problem is but I don't want to do it because the price would drop below the "shut down" level which is about $0.0025
Anyway, I recently did such experiment. I didn't buy even 1 BLURT for 4 months
I can't say you are not, but what you illustrated in this comment isn't inherent to whether the burn policy is correct or not. It only has one common effect, which is to influence the price of BLURT.
There is a problem in the burn policy: the increase of the price obtained in this way is an artificial increase and not due to a major use of the Blurt ecosystem. The higher price will be a deterrent for those who want to join and use Blurt ecosystem (since the fees will be increased in terms of local currency).
Personally, I agree with burning a part of Blurt (or even being able to give it up) only for the active whales of the platform, in the perspective of buffer the Growth-Time Curve (the more BLURT tokens an active user owns, the more its BLURT tokens will increase compared to a user with a smaller balance).
So, it is not wrong or correct, it is a choice. In an ecosystem with still too limited use, the benefits for those inside the system are greater, because it allows them to have a higher price at which they can sell their tokens; at the same time, it is instead a greater cost (and therefore a disincentive) for those who want to approach this ecosystem.
A useful mechanism to overcome this problem would be to launch an account that acts as a "not-complete-burn account": which collects funds in the same way as a burn one, but which distributes the funds as an incentive to newcomers, paying the registration fee at the time of registration and sending small amounts of BLURT weekly, so that you can pay for transactions until you have reached sufficient power to continue independently.
If I have time, I will try to launch an experiment like this in the next few weeks. It would be useful to combine the need to increase the price of BLURT and the need to have a smaller allocation of tokens that can be sold on the market.
this is blurtbooster
I don't know, in my experience blurtbooster completes boost of the posts through curation. From its blog account, it doesn't release a proper communication about other services. Only in the description talks about creating account. The "not-complete burn account" I talked about - eventually - will be a distributor of small amount of Blurt to post in the first times of the life on Blurt, only that. For example, 10 Blurt weekly to users who are in the first stages of their life here, and with less of 10-15 BLURT in the wallet, up to a 200-300-400 BP. It could be a second way to help a user beginning here, not more. In the end, if it will stop its operation, I will lock the amount held in it, deleting the private keys.
soon he (@drutter) will light a bonfire to warm his body during November ☺️☺️
I'd love a November bonfire, but it's doubtful.
everyone is free to do whatever they feel comfortable and happy with, just as we will never touch drugs & alcohol because these two products will damage our nerves.
If today you believe that accumulating lots of blurts will make you a millionaire and surpass Michael Saylor then do it, but if views start to change then invite everyone to light a fire so that your tokens remain valuable and don't turn into trash.
once in a while you might need to look at "YFFII" what Castro has been up to, every day he prints his damn tokens and in the end all the investors are homeless, so reducing the blurt supply by burning makes sense.
I agree. It's a risk to the participants, but it isn't always negative.
You, sir, are the market maker. If large market makers who bid pull from their positions, deflationary measures might be necessary.
Soon, I'll be making proper positions instead of a few quarters now and again. Hive is where I trade and provide chump change liquidity, but I am slowly expanding.
"If you think that voluntarily burning BLURT destroys this Blockchain then you are wrong"
Correct.