GentBG - why bother to burn STEEM?

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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...

GentBG is on, and here is the schedule

by joviansummer
original STEEMIT post: https://steemit.com/blog/@joviansummer/gentbg-is-on-and-here-is-the-schedule


Hello, this is @joviansummer(witness: @jswit), developer of GentBG project. GentBG has started, and the first image post was posted today. For more information on this experimental project, please check the following link:

GentBG - a new experiment to burn STEEM

Everything is automated except image preparation. Images are purely AI-generated to avoid any copyright issue. Image preparation should be manual because AI often generates anomalies such as six fingers, weird faces, etc. Thus I need to generate several candidates and hand-pick better ones. Anyway, here is the schedule(Reference timezone is GMT+9):

  • Image post: Monday and Thursday
  • Result post(and STEEM BURNING): Tuesday and Friday
  • Stat post: Sunday

If you have some spare voting power and are interested in countering STEEM inflation by reducing supply, please consider giving upvotes to @gentbg's posts. Also, please consider voting for @jswit as witness.

Thanks for reading, and have a wonderful day!


@joviansummer's STEEM projects

@jswit witness:
I'm running a STEEM witness node. I'd really appreciate it if you vote for my witness account @jswit. (https://steemitwallet.com/~witnesses)
[ENG] Introducing @jswit witness project

@jsup curation:
[ENG] Introduction to @jsup curation project
[ENG] Using @jsup curation project as an auto-voting agent
[ENG] jsup 2.0 - make your upvote great again

Steemit-Search:
Steemit-Search: a simple website for post searching

STEEM Security
STEEM Security - receive STEEM alert messages via Discord

jSTEEM:
jSTEEM project - STEEM blockchain explorer on Telegram messenger

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