I like the idea too, but in this case they will not "shift" anything as the potential payout will be simply destroyed, not returned to the rewards pool. It may have an impact by increasing the price of STEEM, but I don't see how this may shift value directly to minnows.
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Theoretically speaking, it would. Burning Steem would decrease supply, theoretically putting upward pressure on the market price of Steem. The higher the market price, the lower the mvest threshold necessary for a $0,01 upvote. If we can get people to $0.01 upvotes faster then they start to feel like their votes actually have meaning and, in my opinion, are more likely to stay on the platform.