Tribaldex Blog

Burning $10,000 HBD/Hive a month?

@themarkymark80
(edited)
LeoFinance

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
burnposthivehive-enginevybpobcentctpneoxianhive-167922
1.24771071 BEE
11 comments
@videoaddiction70

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

0E-8 BEE
@themarkymark80

tJx5LBH.gif

0.01284275 BEE
@bpcvoter3-6

Tell Mr Bonerjee Dan Steve and joy we said hello solominer

Funny !GIF !MEME

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View more

@networkallstar-8

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!

....................../´¯/)
....................,/¯../
.................../..../
............./´¯/'...'/´¯¯`·¸
........../'/.../..../......./¨¯\
........('(...´...´.... ¯~/'...')
..........................'...../
..........''............. _.·´
..........................(
..............................

fuckyou !GIF

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@crypticat73

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

Reducing inflation rewards everyone equally.

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@wlffreitas68

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

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@themarkymark80

Yes, it just affects author rewards.

0.00000667 BEE
@erikah81

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

Btw, how do you set comment rewards to burn?

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@themarkymark80

Setting beneficiary to 100% to @null

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@erikah81

Thanks!

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@bpcvoter3-6

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

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@ctrpch68

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.

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@themarkymark80
(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.

0.01268492 BEE
@bpcvoter3-6

You need help Solo https://hiveblocks.com/@ipromote

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

  1. 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
  2. ipromote
    required_posting_auths []
    id ssc-mainnet-hive
    json [{"contractName":"market","contractAction":"cancel","contractPayload":{"type":"sell","id":"bb7177ea2d067ad590de0676ca57bd5ec353a2a3"}}]
    1 day ago
    8c9f5c6a
    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
  3. 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
  4. 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"}}]
    1 day ago
    66142dd6
    themarkymark transfer 1,353.114 HIVE to ipromote
    2 days ago
    0fa3ed0d
    ipromote transfer 1,000 HIVE to themarkymark
    2 days ago
    c02c3f1a
    kryptogames transfer 0.215 HIVE to ipromote Referral Rewards
    2 days ago
    4faea971
    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

Funny !GIF !MEME

0E-8 BEE

View more

@bpcvoter3-6

Funny !GIF !MEME

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@hivegifbot64
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@bpcvoter3-6

SCAM SCAM SCAM !GIF !MEME

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@hivegifbot64
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@themarkymark80

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.

0E-8 BEE
@bpcvoter3-6

You know we know we will keep playing the game

Clown !GIF !MEME

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View more

@cwow272

Its just a spammy trolling account x)

0.01204459 BEE

View more

@gabrielatravels77

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

0E-8 BEE
@bpcvoter3-6

https://hiveblocks.com/@ipromote

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

  1. 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
  2. ipromote
    required_posting_auths []
    id ssc-mainnet-hive
    json [{"contractName":"market","contractAction":"cancel","contractPayload":{"type":"sell","id":"bb7177ea2d067ad590de0676ca57bd5ec353a2a3"}}]
    1 day ago
    8c9f5c6a
    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
  3. 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
  4. 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"}}]
    1 day ago
    66142dd6
    themarkymark transfer 1,353.114 HIVE to ipromote
    2 days ago
    0fa3ed0d
    ipromote transfer 1,000 HIVE to themarkymark
    2 days ago
    c02c3f1a
    kryptogames transfer 0.215 HIVE to ipromote Referral Rewards
    2 days ago
    4faea971
    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

Funny !GIF !MEME

0E-8 BEE
@hivegifbot64
0E-8 BEE
@rationale044062

For me this is quite great as it showcase some of those tokens in the Hive engine , and it's also applicably informative.

0E-8 BEE
@cryptictruth72

I think the recent change is good to get the burn post off trending. I much rather see users content there than some house keeping posts.

0E-8 BEE
@networkallstar-8

Burning doesn't do sh## stupid DA! And BTW: You suck, u downvoting POS!

....................../´¯/)
....................,/¯../
.................../..../
............./´¯/'...'/´¯¯`·¸
........../'/.../..../......./¨¯\
........('(...´...´.... ¯~/'...')
..........................'...../
..........''............. _.·´
..........................(
..............................

fuckoff !GIF

0E-8 BEE
@themarkymark80

untitled.gif

0E-8 BEE
@networkallstar-8

Did a post just for you DA

╭∩╮ᵔᴥᵔ╭∩╮

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