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RE: Burn post experiment: one week review and rules update

in #steem6 years ago (edited)

There is NOTHING stating a person can't, or shouldn't cash out right away, it's their right.

True to an extent but the intended design is for 50% of rewards to be paid in SBD (can be immediately cashed out) and 50% in SP (can not be immediately cashed out). That is not the case now due to a malfunction.

For someone on an alt-account, to make more then I can ever dream of making

You are confused. No one is making anything from this, except of course the entire community of STEEM/SP holders who may benefit to the extent the buy-and-burn process increases the STEEM price, and the overall community/platform to the extent that the effects of the SBD malfunction can be somewhat corrected.

BTW, in referring to 'scammers' I wasn't intending that to refer to any particular individual. There is a general widespread phenomenon of people milking the high SBD rewards and immediately cashing them out. That doesn't mean they are doing anything 'wrong' but it means the community and voters have a right to question whether the reward pool is being well spent, to reward contributions that add value to Steem, and to take action through voting if they consider the current outcome to be suboptimal. This discussion of how rewards are best spent is one that I agree with and will work to encourage through voting and various other experiments and initiatives: https://steemit.com/steem/@transisto/my-version-of-steem-is-not-content-based-it-is-contribution-based

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Thanks for your explanation. However, I still disagree with this method.

Nothing wrong with disagreement. Thanks for commenting.

Why not burn the SBD to the promote option right away in place of arming more users with liquid steem/SBD. Selling them on the internal market doesn't do much good as it can still then be transferred and pumped on the open market. Using the post promote right away destroys that ability.