i see this burning steem thing few times in last week and i am not sure why investing efforts to find a solution to burn when in reality there is not that much steem around. there is just small group of people using it.
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There are over 350,000,000 STEEM in total supply. The more steem is created the less value each steem has UNLESS growth and demand are greater. Burning steem makes your piece of the pie more valuable.
look at it this way. defranco has over 800.000 views on youtube every day, and he is just doing 10-15 minutes news. so 800.000 for a whole social platform is really not a lot. that 350,000,000 on 800.000 people is less than 450 steem each. not sure but i think you are not planing to share your steem with new people.
so my view is not that there is not enough steem, there is not enough people to want to own it.
so if we need to make an effort to change something, i would like to we make effort to get 1.000.000 people on steem and have a place where something is happening for the normies than make an effort to think how to burn steem.
that is only my opinion, and i could be horribly wrong.
I agree. I would love for there to be 1,000,000 more people on steem.
Until that happens, people are focused on the price of the token unfortunately. We know this because I can tell you that I know dozens of former Steemians that have left because they don’t feel as incentivized as when steem was $4 or even $1.
Not saying that it makes sense to stick around just for that reason, but thats just what happens.
But if we can get a million more people on steem, im all for it!