@buildawhale creates one post and 11 comments a day, all with @null being 100% beneficiary. This means all author rewards earned get sent to null and are burned instead of paying out. This has been burning $10,000-$20,000 worth of Hive/HBD on a monthly basis for years.
The idea is to provide stake holders an alternative way to influence the inflation generated.
This has been explained to blipcorn many times, after about 5000 messages, he finally got it, so he switched the narrative to focus on the curation rewards. Anyone who votes on posts with @null as the beneficiary still earn curation rewards as if they voted any other post. This was also explained to blipcorn, but he insists I am the only one on Hive that should not be allowed to earn curation rewards.
I (@themarkymark and @buildawhale) earn absolutely nothing from burn posts I wouldn't get already by voting any other post on Hive. With the massive waste happening with the DHF and poor automated voting on trending, I feel this is the best use of the inflation based on my available influence, and vote accordingly.
This project has burned (and thus removed from supply) 101,622.43 Hive & 371.565.51 HBD in this time. That is almost $800,000 USD of Hive removed from the supply.
Now blipcorn is going to respond with a million comments and ai generated videos, enjoy.
Thank you for the detailed explanation, now I fully understand what all of this is about. Great way to control some of the Hive inflation. The only potential argument against it would be that it is in a way a vote that says that the are no posts on Hive worthy of a vote and instead you burn 50% of your vote. But it is great to have alternative like your burn posts.
You could say that for every vote.