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RE: New Beneficiary Features on Steemit.com

in #beneficiaries5 years ago

"If you wish to simply “burn” a percentage of your rewards, thereby lowering the total amount of STEEM in existence, you can simply set @null as a beneficiary. @null is a special account on Steem that no one owns or controls. Any funds sent to @null are removed from the token supply."

If Steemit did that with their massive stake, instead of selling it onto the market, STEEM prices would finally recover. "Onboarding the masses" would actually be possible once we had a stable currency again. Instead, sounds like they are encouraging everyone else to do so, but they could (and should) be the ones burning up their stake to save the platform.

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It certainly doesn't help us onboard new users and encourage them to power up when the currency just goes down and down and down, though to be fair not all of that is due to the Steemit,Inc dumping, but it is a big part.

As we saw in 2017 and 2018, the easiest way to onboard new users is a soaring steem (or SBD) price. Our goal should be to base most of our decisions around making that happen and the rest takes care of itself.

... there will never be enough STEEM for many accounts. in 15 years from now and based on the current code which could change, there will only be double the STEEM in the supply and, there will only be around 6 million more added each year through inflation. That is not enough for a hundred million accounts as each account could only have a max of 6 STEEM.

Source : https://steemit.com/steem/@tarazkp/social-steem-capital-and-transactions-of-relationship

A hundred million accounts? I would take just a couple million of active ones at this point. Besides, they can always ratchet down the RC requirements if needed. Not having enough steem is basically the last thing I would be concerned about at this point. We are more likely to die and whither away than we are to ever have "too many people", especially with people running people off of here like it's fun for them.

Even with your 2 million active accounts (provided my proportionsl math is right) there would still only be 300 STEEM per account as opposed to 6 with 100,000,000 accounts. Not even enough to make minnow. Buy while supplies last! 😎

That is not a problem. That would be a feature!

But I digress, we are so far away from that ever being a problem, I will worry about it then.

we can scale steem with a third payer solution like @liquidapps https://liquidapps.io does for eos and eth, and ive already asked them about adding steem, and getting steem on scatter and newdex adding SMts.