50% is an excellent start, but burning it from the dao day by day seems to be painfully boring.
I think we should burn 50% of the Steemit stuff on the next hard fork and the other 50% in a year or so (dao should have lots of stuff done by then). It's a scar on our otherwise lovely reputation. I know it will take hard work to program, so someone can make a proposal offering to do the technical stuff.
We can keep the stuff we confiscated from enemies of decentralization to give dao more money, but we should warn them that if they don't write their name as 'interested' in a post explaining how to make a proposal to get it back (give them a week to comment), we can assume they aren't interested.
If the dao still needs more money we can reduce rewards % and increase dao %, I don't think funding it with steemit steem or confiscated steem is really fair or nice...some times you just gotta ask yourself, what would satoshi do?
I'm not sure when that hard fork is going to happen and many of us wish/are surprised HIVE kept it for the community. While seizing funds for everyone sounds rather altruistic, it does give Justin Sun more credit, it is arguably theft. Large investors in the future can always worry, "WHAT IF THESE HIVE PEOPLE FORK ME OUT?" This is why I think it should be burnt, like killing a dictator, using this HIVE weakens everyone's position who doesn't directly benefit from it.
Santoshi would send the funds to @null