~$435/day burned with daily burn posts in April

@buildawhale has been running burn posts for over a year. A recent change was to convert that to one daily post and 11 comments. I have been tracking how much has been burned on a daily basis.

In April we burned 19,130 Hive and 6,941 HBD or just over $13,000. That is roughly $435/day.

As I always say, I don't think burning actually does anything, but the sell pressure that is prevented does. It's hard to compete with DHF proposals handing out $500-800+ /day for projects with little to no improvement to Hive but every little bit helps.

The burn posts are here to offer stake holders an alternative choice for directing inflation as little or as much as you want.

Posted Using InLeo Alpha

0.18302721 BEE
13 comments

How much is the total amount being paid out in post rewards and DHF (excluding hbdstabilizer, which returns it all)? From the point of view of sell pressure, knowing the relative scale of it all seems useful.

2.3E-7 BEE

We are currently paying out ~$5.7M/year in DHF proposals. Most of them are extracting 10x what they give to Hive. Quick napkin math our reward pool is paying out ~$6.7M/year

3.3E-7 BEE

Both seem like too much to me. We should push for changes to prioritize the most valuable payouts and put a stop to the rest.

0E-8 BEE

On #Hive, it seems like there is no one to help with #baddownvotes. This raises the question of what is the point of $Hive and why anyone would want to invest in something that you have no real control over and can be wrongly attacked by bad downvoters some with mined #Hivepower. Hive is run by a few powerful accounts who do as they like and answer to no one. No one dares to say a word or be downvoted. It has been like this since the days of Steemit and on Hive, it has gotten worse. The power is in the wrong hands and some people can't handle the power. On Hive, it's clear that the Hive Police are just there to farm Hive with their friends and get others to invest so they can cash out. Even with this HBD spend thing going on, this will do nothing for Hive. It will just attract more sellers to Hive and nothing else. Whoever comes up with these ideas has no fucking clue what they are doing. Stop selling a dream to people. Not everyone can make something on Hive. The trending page is crap it only takes one whale to upvote a post, and it's on trending. You see many posts make over dollars with no real engagement while other posts with plenty of engagement get barely anything at all. Hive is so centralized it is unreal. On Hive Those who are being supported day in and day out will say differently as they are being paid. You authors on Hive who make up stuff just to post a daily blog and talk a lot of nothing, and just have a chat with friends in the comments to make it look like they had some real engagement it just looks stupid who comes to Hive to chat. We do not want to bring Hive down, but you people are doing it yourselves. As time goes on, more and more people will catch on to the game that is being played on Hive, and it will not end well. Hive is not meant to be run the way it is being run, we will not run as we have done no wrong all we did was highlight the issues that need to be fixed on Hive. We will keep sharing the truth until something is done because if we don't speak up, who will? Hive has no future if it continues to go down this long dark road, it's going. Downvoters we kindly request that you stop downvoting our legitimate content. Thank you. #ONELOVE THE BILPCON TEAM

https://www.publish0x.com/the-dark-side-of-hive/hivewatchers-logic-anyx-steemcleaners-steemcleaner-adm-oflyh-xwvemyw

HES FARMING CURATION REWARDS WITH HIS ALT ACCOUNTS

0E-8 BEE

so this $435 includes the DHF proposal, not solely daily burn post can achieve this amount, right?

2.0E-7 BEE

The $435/day is purely the average burn so far. Last month was a bit better at over $600/day. There is no DHF proposal tied to this, it is merely an attempt to reduce supply.

0.00000914 BEE

Wow, it's so impressive. I don't expect this high number when I see the reward of each burn post.

2.1E-7 BEE

Btw, I was just looking at the rest of your voting and it seems pretty decent all up, so these stand out as weird and perhaps unnecessary.

4 days ago in #life by tarazkp (84)$0.00
Reply 2
Sort: Trending
[-]bpcvoter2 (-5)(1) 2 days ago · Will be hidden due to low rating

76 votes
gogreenbuddy: $3.30
alexis555: $2.25
solominer: $1.83
emrebeyler: $1.65
steemychicken1: $1.40
whangster79: $0.36
josediccus: $0.33
preparedwombat: $0.28
dandays: $0.16
nrg: $0.13
tobetada: $0.11
incublus: $0.11
trincowski: $0.06
dickturpin: $0.02
dmwh: $0.02
ubg: $0.01
slothlydoesit: $0.01
seattlea: $0.01
samrisso: $0.01
recoveryinc: $0.01
and 56 more
$0.00

Team marky @gogreenbuddy part of the @markymark @buildawhale @usainvote @apeminingclub @makerhacks @upmyvote @punkteam @rollingbones @memess @blockheadgames @leovoter @ipromote gang

STOP THE DOWNVOTE ABUSE STOP SELF VOTING WITH ALL THESE ALT ACCOUNTS

0E-8 BEE

$43 foe a sentence, why is this not burning? Thanks for visiting my blog also

0E-8 BEE

On #Hive, it seems like there is no one to help with #baddownvotes. This raises the question of what is the point of $Hive and why anyone would want to invest in something that you have no real control over and can be wrongly attacked by bad downvoters some with mined #Hivepower. Hive is run by a few powerful accounts who do as they like and answer to no one. No one dares to say a word or be downvoted. It has been like this since the days of Steemit and on Hive, it has gotten worse. The power is in the wrong hands and some people can't handle the power. On Hive, it's clear that the Hive Police are just there to farm Hive with their friends and get others to invest so they can cash out. Even with this HBD spend thing going on, this will do nothing for Hive. It will just attract more sellers to Hive and nothing else. Whoever comes up with these ideas has no fucking clue what they are doing. Stop selling a dream to people. Not everyone can make something on Hive. The trending page is crap it only takes one whale to upvote a post, and it's on trending. You see many posts make over dollars with no real engagement while other posts with plenty of engagement get barely anything at all. Hive is so centralized it is unreal. On Hive Those who are being supported day in and day out will say differently as they are being paid. You authors on Hive who make up stuff just to post a daily blog and talk a lot of nothing, and just have a chat with friends in the comments to make it look like they had some real engagement it just looks stupid who comes to Hive to chat. We do not want to bring Hive down, but you people are doing it yourselves. As time goes on, more and more people will catch on to the game that is being played on Hive, and it will not end well. Hive is not meant to be run the way it is being run, we will not run as we have done no wrong all we did was highlight the issues that need to be fixed on Hive. We will keep sharing the truth until something is done because if we don't speak up, who will? Hive has no future if it continues to go down this long dark road, it's going. Downvoters we kindly request that you stop downvoting our legitimate content. Thank you. #ONELOVE THE BILPCON TEAM

https://www.publish0x.com/the-dark-side-of-hive/hivewatchers-logic-anyx-steemcleaners-steemcleaner-adm-oflyh-xwvemyw

HES FARMING CURATION REWARDS WITH HIS ALT ACCOUNTS

0E-8 BEE

Btw, I was just looking at the rest of your voting and it seems pretty decent all up, so these stand out as weird and perhaps unnecessary.

4 days ago in #life by tarazkp (84)$0.00
Reply 2
Sort: Trending
[-]bpcvoter2 (-5)(1) 2 days ago · Will be hidden due to low rating

76 votes
gogreenbuddy: $3.30
alexis555: $2.25
solominer: $1.83
emrebeyler: $1.65
steemychicken1: $1.40
whangster79: $0.36
josediccus: $0.33
preparedwombat: $0.28
dandays: $0.16
nrg: $0.13
tobetada: $0.11
incublus: $0.11
trincowski: $0.06
dickturpin: $0.02
dmwh: $0.02
ubg: $0.01
slothlydoesit: $0.01
seattlea: $0.01
samrisso: $0.01
recoveryinc: $0.01
and 56 more
$0.00

Team marky @gogreenbuddy part of the @markymark @buildawhale @usainvote @apeminingclub @makerhacks @upmyvote @punkteam @rollingbones @memess @blockheadgames @leovoter @ipromote gang

MARKY MARK STOP THE DOWNVOTE ABUSE STOP SELF VOTING WITH ALL THESE ALT ACCOUNTS

0E-8 BEE

If it is a way to keep the economy inflation down, lets burn it.

AnyWay around here we have few projects and we can burn them into some construction materials...✊🏻🛹🇻🇪

!LOLZ

0E-8 BEE

I slept like a baby last night.
I woke every two hours and cried.

Credit: reddit
@themarkymark, I sent you an $LOLZ on behalf of fonestreet

(1/2)
Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards. Learn more.

0E-8 BEE

It's so crazy to me the funding that happens on the DHF and why it continues to be funded. It feels so centralized to about 30 main accounts or even less that can simply fund the project for themselves. Not really a great look for a so called decentralized blockchain that actully feels more centralized then most.

0E-8 BEE
(edited)

How are development projects and marketing initiatives not going to be 'centralized'? Do you think it makes sense to pay out a few dollars to each of hundreds or thousands of different accounts such that no one is being paid enough to actually do anything?

I think it's fair to criticize specific proposals as being overpriced, ineffective, or generally a waste of money, and that's an important debate. But I don't think "centralized" really makes sense as a criticism to funding work projects at our current scale of hundreds of dollars per day. To be distributed more widely would make each payout utterly meaningless and clearly ineffective.

0.00000336 BEE

On #Hive, it seems like there is no one to help with #baddownvotes. This raises the question of what is the point of $Hive and why anyone would want to invest in something that you have no real control over and can be wrongly attacked by bad downvoters some with mined #Hivepower. Hive is run by a few powerful accounts who do as they like and answer to no one. No one dares to say a word or be downvoted. It has been like this since the days of Steemit and on Hive, it has gotten worse. The power is in the wrong hands and some people can't handle the power. On Hive, it's clear that the Hive Police are just there to farm Hive with their friends and get others to invest so they can cash out. Even with this HBD spend thing going on, this will do nothing for Hive. It will just attract more sellers to Hive and nothing else. Whoever comes up with these ideas has no fucking clue what they are doing. Stop selling a dream to people. Not everyone can make something on Hive. The trending page is crap it only takes one whale to upvote a post, and it's on trending. You see many posts make over dollars with no real engagement while other posts with plenty of engagement get barely anything at all. Hive is so centralized it is unreal. On Hive Those who are being supported day in and day out will say differently as they are being paid. You authors on Hive who make up stuff just to post a daily blog and talk a lot of nothing, and just have a chat with friends in the comments to make it look like they had some real engagement it just looks stupid who comes to Hive to chat. We do not want to bring Hive down, but you people are doing it yourselves. As time goes on, more and more people will catch on to the game that is being played on Hive, and it will not end well. Hive is not meant to be run the way it is being run, we will not run as we have done no wrong all we did was highlight the issues that need to be fixed on Hive. We will keep sharing the truth until something is done because if we don't speak up, who will? Hive has no future if it continues to go down this long dark road, it's going. Downvoters we kindly request that you stop downvoting our legitimate content. Thank you. #ONELOVE THE BILPCON TEAM

https://www.publish0x.com/the-dark-side-of-hive/hivewatchers-logic-anyx-steemcleaners-steemcleaner-adm-oflyh-xwvemyw

HES FARMING CURATION REWARDS WITH HIS ALT ACCOUNTS

0E-8 BEE

Btw, I was just looking at the rest of your voting and it seems pretty decent all up, so these stand out as weird and perhaps unnecessary.

4 days ago in #life by tarazkp (84)$0.00
Reply 2
Sort: Trending
[-]bpcvoter2 (-5)(1) 2 days ago · Will be hidden due to low rating

76 votes
gogreenbuddy: $3.30
alexis555: $2.25
solominer: $1.83
emrebeyler: $1.65
steemychicken1: $1.40
whangster79: $0.36
josediccus: $0.33
preparedwombat: $0.28
dandays: $0.16
nrg: $0.13
tobetada: $0.11
incublus: $0.11
trincowski: $0.06
dickturpin: $0.02
dmwh: $0.02
ubg: $0.01
slothlydoesit: $0.01
seattlea: $0.01
samrisso: $0.01
recoveryinc: $0.01
and 56 more
$0.00

Team marky @gogreenbuddy part of the @markymark @buildawhale @usainvote @apeminingclub @makerhacks @upmyvote @punkteam @rollingbones @memess @blockheadgames @leovoter @ipromote gang

MARKY STOP THE DOWNVOTE ABUSE STOP SELF VOTING WITH ALL THESE ALT ACCOUNTS

0E-8 BEE

Lucky you! This post has been manually curated by the Bilpcoin Team. Our reputation score is low due to wrongful downvotes. !WEED !MEME !GIF !LOL

USE #BILPCOIIN OR #BPC TO EARN BPC TOKENS

We wish you all a wonderful day filled with positivity, love, and kindness. #onelove Bilpcoin Team

#stopthedownvoteabuseonhive

https://hive.blog/trending/bilpcoin

https://hive.blog/trending/bpc

https://www.youtube.com/@bilpcoinbpc

NO DOWNVOTES https://blurt.blog/@bilpcoinbpc

https://www.reddit.com/r/stoptheabuseonhive/

https://www.publish0x.com/the-dark-side-of-hive

STOP THE DOWNVOTE ABUSE ON HIVE

0E-8 BEE
0E-8 BEE

Knock knock...
ERROR: Joke failed.

@bpcvoter1, You need more $LOLZ to use this command. The minimum requirement is 0.0 LOLZ.
You can get more $LOLZ on HE.

0E-8 BEE

HOW MUCH CURATION REWARDS DID YOU MAKE WHILE SELF VOTING THOSE COMMENTS WITH ALL THOSE ALT ACCOUNTS ?

0E-8 BEE

I keep hearing about burning posts, please what does it really mean @themarkymark?

0E-8 BEE

It means all the author rewards earned on these posts are automatically burned upon payout reducing the supply.

0E-8 BEE

Ohhhhh I get now. Thanks for taking the time to explain.

0E-8 BEE

On #Hive, it seems like there is no one to help with #baddownvotes. This raises the question of what is the point of $Hive and why anyone would want to invest in something that you have no real control over and can be wrongly attacked by bad downvoters some with mined #Hivepower. Hive is run by a few powerful accounts who do as they like and answer to no one. No one dares to say a word or be downvoted. It has been like this since the days of Steemit and on Hive, it has gotten worse. The power is in the wrong hands and some people can't handle the power. On Hive, it's clear that the Hive Police are just there to farm Hive with their friends and get others to invest so they can cash out. Even with this HBD spend thing going on, this will do nothing for Hive. It will just attract more sellers to Hive and nothing else. Whoever comes up with these ideas has no fucking clue what they are doing. Stop selling a dream to people. Not everyone can make something on Hive. The trending page is crap it only takes one whale to upvote a post, and it's on trending. You see many posts make over dollars with no real engagement while other posts with plenty of engagement get barely anything at all. Hive is so centralized it is unreal. On Hive Those who are being supported day in and day out will say differently as they are being paid. You authors on Hive who make up stuff just to post a daily blog and talk a lot of nothing, and just have a chat with friends in the comments to make it look like they had some real engagement it just looks stupid who comes to Hive to chat. We do not want to bring Hive down, but you people are doing it yourselves. As time goes on, more and more people will catch on to the game that is being played on Hive, and it will not end well. Hive is not meant to be run the way it is being run, we will not run as we have done no wrong all we did was highlight the issues that need to be fixed on Hive. We will keep sharing the truth until something is done because if we don't speak up, who will? Hive has no future if it continues to go down this long dark road, it's going. Downvoters we kindly request that you stop downvoting our legitimate content. Thank you. #ONELOVE THE BILPCON TEAM

https://www.publish0x.com/the-dark-side-of-hive/hivewatchers-logic-anyx-steemcleaners-steemcleaner-adm-oflyh-xwvemyw

HES FARMING CURATION REWARDS WITH HIS ALT ACCOUNTS

0E-8 BEE

It's hard to compete with DHF proposals handing out $500-800+ /day for projects with little to no improvement to Hive

Would it be possible to eliminate the DHF eventually?

Has it been discussed?

0E-8 BEE

I doubt that would ever happen. The DHF isn’t a bad thing just how it is being used.

0.00000337 BEE

The incentive to use the DHF "correctly" should be to fund projects that drive the improvement of HIVE as a whole which would benefit each and every account holding HIVE, yet we're using it "wrong".

Could there be a problem of misaligned incentives in the design of the DHF?

Are there not enough dolphin and orca accounts involved in voting for DHF proposals?

0E-8 BEE

Wow, wow, I had no idea, there were daily burnings of those amounts, wow!! Hive is a whole world to discover

0E-8 BEE

On #Hive, it seems like there is no one to help with #baddownvotes. This raises the question of what is the point of $Hive and why anyone would want to invest in something that you have no real control over and can be wrongly attacked by bad downvoters some with mined #Hivepower. Hive is run by a few powerful accounts who do as they like and answer to no one. No one dares to say a word or be downvoted. It has been like this since the days of Steemit and on Hive, it has gotten worse. The power is in the wrong hands and some people can't handle the power. On Hive, it's clear that the Hive Police are just there to farm Hive with their friends and get others to invest so they can cash out. Even with this HBD spend thing going on, this will do nothing for Hive. It will just attract more sellers to Hive and nothing else. Whoever comes up with these ideas has no fucking clue what they are doing. Stop selling a dream to people. Not everyone can make something on Hive. The trending page is crap it only takes one whale to upvote a post, and it's on trending. You see many posts make over dollars with no real engagement while other posts with plenty of engagement get barely anything at all. Hive is so centralized it is unreal. On Hive Those who are being supported day in and day out will say differently as they are being paid. You authors on Hive who make up stuff just to post a daily blog and talk a lot of nothing, and just have a chat with friends in the comments to make it look like they had some real engagement it just looks stupid who comes to Hive to chat. We do not want to bring Hive down, but you people are doing it yourselves. As time goes on, more and more people will catch on to the game that is being played on Hive, and it will not end well. Hive is not meant to be run the way it is being run, we will not run as we have done no wrong all we did was highlight the issues that need to be fixed on Hive. We will keep sharing the truth until something is done because if we don't speak up, who will? Hive has no future if it continues to go down this long dark road, it's going. Downvoters we kindly request that you stop downvoting our legitimate content. Thank you. #ONELOVE THE BILPCON TEAM

https://www.publish0x.com/the-dark-side-of-hive/hivewatchers-logic-anyx-steemcleaners-steemcleaner-adm-oflyh-xwvemyw

0E-8 BEE

Btw, I was just looking at the rest of your voting and it seems pretty decent all up, so these stand out as weird and perhaps unnecessary.

4 days ago in #life by tarazkp (84)$0.00
Reply 2
Sort: Trending
[-]bpcvoter2 (-5)(1) 2 days ago · Will be hidden due to low rating

76 votes
gogreenbuddy: $3.30
alexis555: $2.25
solominer: $1.83
emrebeyler: $1.65
steemychicken1: $1.40
whangster79: $0.36
josediccus: $0.33
preparedwombat: $0.28
dandays: $0.16
nrg: $0.13
tobetada: $0.11
incublus: $0.11
trincowski: $0.06
dickturpin: $0.02
dmwh: $0.02
ubg: $0.01
slothlydoesit: $0.01
seattlea: $0.01
samrisso: $0.01
recoveryinc: $0.01
and 56 more
$0.00

Team marky @gogreenbuddy part of the @markymark @buildawhale @usainvote @apeminingclub @makerhacks @upmyvote @punkteam @rollingbones @memess @blockheadgames @leovoter @ipromote gang

STOP THE DOWNVOTE ABUSE STOP SELF VOTING WITH ALL THESE ALT ACCOUNTS

0E-8 BEE

()

0E-8 BEE