STEEM POWER retention ratio of top 50 witnesses

by joviansummer original STEEMIT post: https://steemit.com/blog/@joviansummer/steem-power-retention-ratio-of-top-50-witnesses Hello, this is @joviansummer(witness: @jswit). Some time ago there was a bit of discussion on discord witness chanel about witnesses' power-down/cashing-out. So out of curiosity I just checked current ratio of witnesses' own STEEM POWER(VESTS) and all-time producer reward(VESTS). The ratio is calculated by the following simple formula: ratio(%) = account's own SP(MV) / all-time producer reward SP(MV) * 100% Ratio value less than 100% indicates power-down. If witness does additional power-up or gets other types of reward(e.g., curation reward), the ratio may exceed 100%. This does not take witness' other accounts into consideration. All-time producer reward data is from @steemchiller's SDS API. Here is the result: rank account own_sp prod_sp ratio 1 justyy 2188.411MV 1284.2MV 170.41% 2 steemchiller 982.134MV 124...

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 will last for 2 months.

Thank you 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

jSTEEM:
jSTEEM project - STEEM blockchain explorer on Telegram messenger

gentbg

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