BTW: I think the downvote actually works a bit like burning HIVE POWER. It removes the rewards from a post.
I think the rewards go back to the reward pool. Downvotes affect reward distribution. It doesn't burn any rewards.
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Correct. He said "like" burning. But you aren't destroying it. It will only be re-distributed to another user from the pool.
The initial discussion was about "burning Hive Power" with the idea of transferring HP to a @null account or some sort of @community321 account where it is off limits.
Putting it in a permanent state on one's account is not the same thing as burning.
HP is just a synonym for VEST. Permanent HP would be VESTING SHARES that cannot be turned into HIVE.
I do not see this as a bad thing.
I just wanted to bring up the fact that permanent VESTS segways into a discussion about selling accounts.
Personally, I do not see a problem with selling developed accounts. For that matter, developing a market for established accounts might actually increase the price of HIVE. A market for trading accounts would attract those users who see HIVE as an investment. These are the users that we need to increase the price of HIVE.
To make my next point, I want to give a wild prediction: I predict that, in 99 years, 99% percent of the people who are currently using HIVE will no longer be using HIVE. Since man is mortal, most HIVE accounts are finite in duration. Accepting human nature, we should have an end game for accounts. The best end game is that people should be able to transfer ownership of their account.
The value of permanent HIVE isn't that it traps people into their account. Permanent HP would turn accounts into equities that people must liquidate as a whole.
Permanent VESTS creates a situation where completely liquidating an account is no longer possible. That means the primary mechanism for leaving the platform would be to sell account.
Personally, I see nothing wrong with this. I think it might be beneficial.