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RE: HF21: What Makes Steem Valuable?

in #hf216 years ago

@yabapmatt I hope you read y reply because the answer to your question is very simple.

Basically what you are looking for is to give STEEM a sink. A strong sink that makes it scarce and valuable.

USE EYEBALLS.

Content (written, audio, visual, etc...) and games bring users. People pay to get ads in front of those people. On the steem network, they pay bidbots to do that.

USE BIDBOTS TO BURN STEEM.

You are the father of bidbots. You obviously thought of this. Delegators to bidbots wouldn't mind cutting their APR by 2% if it meant that the steem was burned instead. And people who promote their posts to get them on rending wouldn't mind getting a bit less in upvote value from bidbots.

BURN 20% of all bidbot profits. This is the best sink steem can get. You have the influence to convince the whole steem ecosystem to follow this rule. If a bidbot doesn't burn, then mark him as unhelpful to STEEM on steembottracker.com.