GentBG - why bother to burn STEEM?
by joviansummer original STEEMIT post: https://steemit.com/blog/@joviansummer/gentbg-why-bother-to-burn-steem GentBG - a new experiment to burn STEEM Hello, this is @joviansummer(witness: @jswit). I'd like to briefly explain why I bothered to start @gentbg experiment. Unlike bitcoin, STEEM has no supply limit. As long as STEEM exists, newly minted STEEM will be added to total supply. If we can't maintain corresponding demand or reduce supply, downward pressure on STEEM price can be a big challenge. @gentbg project is an experiment to reduce STEEM supply by burning. @gentbg will burn liquid author reward and delegate SP reward to @jsup to get amplified upvotes. The main purpose is to create a perpetual STEEM burning loop. I added a bit of fun factor via AI-generated images, to incentivize giving upvotes to @gentbg's posts. If you have some spare voting power, you can contribute to burning STEEM by giving upvotes to @gentbg's posts. Initial run of this experiment wil...
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