Burning $10,000 HBD/Hive a month?

9 months ago(edited)

You probably noticed by now the regular @buildawhale burn posts. In the past it was posting eight times a day with 100% beneficary to @null. This results in all author rewards (including Hive Engine Tribe Tokens) being burned while curators still earn normal curation rewards.

A few days ago it was changed to post one daily burn post, with 10 comments under that post. This will prevent the posts from showing up trending but allow you to easily find the latest comments. These are all set to 100% beneficary to @null and results in the tokens being burned automatically at payout.

These burn posts provide an alternative option to direct inflation. There are currently three options available to Hive users.

Vote on creators posts
Vote on DHF Funder Posts
Vote on Burn Posts

For over a year, @buildawhale has been burning over $1,000 USD worth of Hive & HBD each month. Due to how Hive Engine works and how they don't provide end points for data and literally truncate data from their API, I don't have an idea how many Hive Engine tokens have been burned, but I do know it is a lot. The burn posts are also tagged with popular tribe tags so those tokens are also burned.

If you want to direct some or all of your votes to reduce inflation, you can find the burn posts on @buildawhale. If you want to assist in pegging HBD to $1 and increasing the funding available to the DHF, you can vote the @hbd.funder comments. Of course, you can always vote your favorite content creators as you always have. You can also choose some combination of the above.

If you are going to vote on the burn posts, I recommend voting the comments as they cannot polute trending.

If I can get an accurate account of Hive Engine tokens burned, I will provide the data here but from what I have gathered, it isn't possible.

The burn posts current tag the following tokens:

BEE
LEO
NEOXAG
POB
VYB
ARCHON
PALNET
CENT
SPT
CTP
ONEUP
SPORTS

burnpost hive hive-engine vyb pob cent ctp neoxian hive-167922

1.24771071 BEE

11 comments

@videoaddiction70

9 months ago

Whenever I come across on my feed, I vote burn posts of @buildwhale.

0E-8 BEE

@themarkymark80

9 months ago

0.01284275 BEE

@bpcvoter3-6

9 months ago

Tell Mr Bonerjee Dan Steve and joy we said hello solominer

Funny !GIF !MEME

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@networkallstar-8

9 months ago

Burning doesn't do sh## stupid DA! People just burning their awards for a dumb imbecile like u... And BTW: You suck, u downvoting POS!

....................../´¯/)
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fuckyou !GIF

0E-8 BEE

@crypticat73

9 months ago

Going to set up auto vote on this one. Thanks for reminding me.

Reducing inflation rewards everyone equally.

0E-8 BEE

@wlffreitas68

9 months ago

I don't understand correctly, do I still get part of the curation or will I also burn some tokens?
@themarkymark

0E-8 BEE

@themarkymark80

9 months ago

Yes, it just affects author rewards.

0.00000667 BEE

@erikah81

9 months ago

Thanks for this post Marky, most likely I would have missed the comments.

Btw, how do you set comment rewards to burn?

0E-8 BEE

@themarkymark80

9 months ago

Setting beneficiary to 100% to @null

0.01278838 BEE

@erikah81

9 months ago

Thanks!

0E-8 BEE

@bpcvoter3-6

9 months ago

Talking to yourself the first sign of MADNESS !GIF !MEME

0E-8 BEE

@ctrpch68

9 months ago

This is a better idea using 10 comments, just wondering why 10, hbd.funder posts 11 comments, also which is better for hive, burn posts or funding for DHF can you recommend pros and cons.

0E-8 BEE

@themarkymark80

9 months ago(edited)

I suggested 11 comments for hbd.funder because although you get 10 full votes a day, if you do them quickly you will recharge enough to do 11 votes a day, although they will have the strength of 10 total. 11 allows you to vote them all without worry of hitting 100%. I suspect that's not going to pose a real problem for anyone. If someone wants to vote it exclusively, I can add an 11th.

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@bpcvoter3-6

9 months ago

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ipromote custom json
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id ssc-mainnet-hive
json [{"contractName":"market","contractAction":"cancel","contractPayload":{"type":"sell","id":"bb7177ea2d067ad590de0676ca57bd5ec353a2a3"}}]
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json {"contractName":"market","contractAction":"sell","contractPayload":{"symbol":"BXT","quantity":"59.42","price":"1.8968"}}
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ipromote custom json
required_auths
ipromote
required_posting_auths []
id ssc-mainnet-hive
json [{"contractName":"market","contractAction":"cancel","contractPayload":{"type":"sell","id":"dc1d152de5ddab9affb8f4ac19315fb37c3d8b19"}},{"contractName":"market","contractAction":"cancel","contractPayload":{"type":"sell","id":"bdcaa4f8ebb3ee3666690b46157529e8b7010bf1"}}]
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Funny !GIF !MEME

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@bpcvoter3-6

9 months ago

Funny !GIF !MEME

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@hivegifbot64

9 months ago

Via Tenor

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@meme.bot48

9 months ago

Credit: lolzbot
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@bpcvoter3-6

9 months ago

SCAM SCAM SCAM !GIF !MEME

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@hivegifbot64

9 months ago

Via Tenor

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@meme.bot48

9 months ago

Credit: ybf
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@themarkymark80

9 months ago

How is it a scam? It’s clear they are all set to burn 100% to null. There is no way to change that once it has been set.

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@bpcvoter3-6

9 months ago

You know we know we will keep playing the game

Clown !GIF !MEME

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@cwow272

9 months ago

Its just a spammy trolling account x)

0.01204459 BEE

@gabrielatravels77

9 months ago

I never miss a chance voting for those posts. Too bad my voting power is not that big!

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@bpcvoter3-6

9 months ago

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themarkymark transfer_to_savings
from themarkymark
to ipromote
amount 12.437 HBD
memo ""
7 hours ago
5396a0ac
beeswap.fees transfer 0.537 HIVE to ipromote BeeSwap Fees Distribution
9 hours ago
9f1b457e
beeswap.fees transfer 30.652 HIVE to ipromote beeswap fees... APR: 11%, value: 100000
9 hours ago
881552ad
ipromote custom json
required_auths

ipromote
required_posting_auths []
id ssc-mainnet-hive
json {"contractName":"market","contractAction":"sell","contractPayload":{"symbol":"BXT","quantity":"60.401","price":"1.8498"}}
1 day ago
6447afbd
ipromote custom json
required_auths
ipromote
required_posting_auths []
id ssc-mainnet-hive
json [{"contractName":"market","contractAction":"cancel","contractPayload":{"type":"sell","id":"bb7177ea2d067ad590de0676ca57bd5ec353a2a3"}}]
1 day ago
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kryptogames transfer 0.814 HIVE to ipromote Referral Rewards
1 day ago
ea3d3d93
beeswap.fees transfer 0.494 HIVE to ipromote BeeSwap Fees Distribution
1 day ago
ffa21de7
beeswap.fees transfer 28.120 HIVE to ipromote beeswap fees... APR: 10%, value: 100000
1 day ago
bb7177ea
ipromote custom json
required_auths
ipromote
required_posting_auths []
id ssc-mainnet-hive
json {"contractName":"market","contractAction":"sell","contractPayload":{"symbol":"BXT","quantity":"59.42","price":"1.8968"}}
1 day ago
1ca62402
ipromote custom json
required_auths
ipromote
required_posting_auths []
id ssc-mainnet-hive
json [{"contractName":"market","contractAction":"cancel","contractPayload":{"type":"sell","id":"dc1d152de5ddab9affb8f4ac19315fb37c3d8b19"}},{"contractName":"market","contractAction":"cancel","contractPayload":{"type":"sell","id":"bdcaa4f8ebb3ee3666690b46157529e8b7010bf1"}}]
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themarkymark transfer 1,353.114 HIVE to ipromote
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kryptogames transfer 0.215 HIVE to ipromote Referral Rewards
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themarkymark transfer_to_savings
from themarkymark
to ipromote
amount 0.154 HBD
memo ""
2 days ago
04adc2e7
beeswap.fees transfer 0.484 HIVE to ipromote BeeSwap Fees Distribution
2 days ago
eb22e12e
beeswap.fees transfer 27.507 HIVE to ipromote beeswap fees... APR: 10%, value: 100000
2 days ago