Burning an asset means less in circulation. If the inflation were say, 1%, you could simply burn 1% at whatever rate that 1% was, and the supply would remain the same and not "inflate." It's a great counter measure to inflation for those who seek to rise the value of an asset long-term. To non-crypto people, it's basically like saying for every bit of currency your country recklessly and wildly produces to inflate it, you burn every single bit of that existing currency so that the overall supply is exactly as it was. Burning has been a very interesting and IMO, positive aspect of the crypto world. It gives the holders and traders the option to lessen the supply, much like we all have in the "real world" (non-tech, physical) but it actually focuses your attention to thinking about it and what it entails. I say burn more than is produced, that means the supply drops over time and then the value (In theory anyhow) rises because there's less to be spread around thus making each portion/fraction worth more. Burning is a win in my book. :P
I commented above, but I'd also like to take the time to appreciate how incredibly ludicrous and respectable @alpha's stake is. Holy shit! :O Now that's some true blockchain power. lol!
Bad downvotes on Hive are a growing concern that must be addressed. These downvotes not only discourage users from sharing their real thoughts and ideas but also damage the community as a whole, we see many walk away. The problem is complex, with various factors contributing to the issue in hand.
One major contributor to bad downvotes on Hive is the Buildawhale scam farm and Usainvote, which receive Hive power from Blocktrades. These scam farm accounts are a significant source of downvotes on Hive, making it difficult for users to share their content without facing the negative consequences downvotes and some times verbal abuse. The Buildawhale farm's impact on the community is substantial, and it is essential that action is taken to stop it.
Another issue that needs to be addressed is the problem of abuse on Hive, particularly from the Marky Mark account linked to the Buildawhale scam farm. This account has been responsible for a significant amount of bad downvotes and abuse on the platform for many years, and it is crucial that we take steps to prevent such behaviour in the future.
The fact that the Buildawhale scam farm was exposed by the Bilpcoin team, and nothing was done about it, raises questions about the ownership and control of Hive.
Does Marky Mark, who is linked to the Buildawhale and Blocktrades, have some level of control over the platform? This is a question that needs to be answered.
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In all seriousness, though, it's essential to be cautious when investing in cryptocurrencies. Don't be that person who falls for the "investment opportunity of a lifetime" only to end up losing their shirt. Do your research, stay informed, and always keep your wits about you. And if all else fails, just remember: it's just money – you can always make more (or so we've heard LOL )
Earn BPC on all your posts! Simply add #Bilpcoin or #BPC to your post, and you'll be eligible to earn BPC. Just don't forget to post your own content and avoid self-voting.
Why are they burned if I may ask please??
It is a means to reduce inflation if you so choose to do so.
^ That part.
Burning an asset means less in circulation. If the inflation were say, 1%, you could simply burn 1% at whatever rate that 1% was, and the supply would remain the same and not "inflate." It's a great counter measure to inflation for those who seek to rise the value of an asset long-term. To non-crypto people, it's basically like saying for every bit of currency your country recklessly and wildly produces to inflate it, you burn every single bit of that existing currency so that the overall supply is exactly as it was. Burning has been a very interesting and IMO, positive aspect of the crypto world. It gives the holders and traders the option to lessen the supply, much like we all have in the "real world" (non-tech, physical) but it actually focuses your attention to thinking about it and what it entails. I say burn more than is produced, that means the supply drops over time and then the value (In theory anyhow) rises because there's less to be spread around thus making each portion/fraction worth more. Burning is a win in my book. :P
View more
Can't have double inflation eating us up...
View more
Okay then. Thanks for your explanation
I commented above, but I'd also like to take the time to appreciate how incredibly ludicrous and respectable @alpha's stake is. Holy shit! :O Now that's some true blockchain power. lol!
very terrible
What is?
Nothing.just impressed
Todo eso a que se debe?
Bad downvotes on Hive are a growing concern that must be addressed. These downvotes not only discourage users from sharing their real thoughts and ideas but also damage the community as a whole, we see many walk away. The problem is complex, with various factors contributing to the issue in hand.
One major contributor to bad downvotes on Hive is the Buildawhale scam farm and Usainvote, which receive Hive power from Blocktrades. These scam farm accounts are a significant source of downvotes on Hive, making it difficult for users to share their content without facing the negative consequences downvotes and some times verbal abuse. The Buildawhale farm's impact on the community is substantial, and it is essential that action is taken to stop it.
Another issue that needs to be addressed is the problem of abuse on Hive, particularly from the Marky Mark account linked to the Buildawhale scam farm. This account has been responsible for a significant amount of bad downvotes and abuse on the platform for many years, and it is crucial that we take steps to prevent such behaviour in the future.
The fact that the Buildawhale scam farm was exposed by the Bilpcoin team, and nothing was done about it, raises questions about the ownership and control of Hive.
Does Marky Mark, who is linked to the Buildawhale and Blocktrades, have some level of control over the platform? This is a question that needs to be answered.
WE MUST STOP THE @BUILDAWHALE AKA @THEMARKYMARK SCAM FARM DOWNVOTE ABUSE
https://hive.blog/@buildawhale/replies
https://hive.blog/@themarkymark/replies
https://hive.blog/@themarkymark/comments
HE IS A TOP HIVE FARMER MAIN ACCOUNT @GOGREENBUDDY
LOL
https://hive.blog/hive-167922/@themarkymark/re-bpcvoter3-sp5zk4
GET HELP
https://hive.blog/hive-167922/@bpcvoter3/super-farm-https-peakd-com-memesandstuff-wallet-spam-scam-accounts
https://hive.blog/hive/@jaynie/not-a-doormat
https://hive.blog/hive-167922/@bpcvoter3/the-hive-police-aka-hivewatchers-aka-adm-aka-steemcleaners-aka-logic-and-buildawhale-themarkymark-gogreenbuddy-farm-scam-have
https://hive.blog/hive-167922/@bpcvoter1/we-started-investigating-after-being-wrongly-downvoted-we-spoke-with-hive-blurt-steem-users-and-others-who-are-following-our
https://hive.blog/hive-167922/@bpcvoter1/we-ask-why-doesn-t-anyone-do-anything-about-these-bad-downvotes-on-hive
https://hive.blog/hive-167922/@bpcvoter1/stop-the-buildawhalefarm
https://hive.blog/hive-167922/@bpcvoter1/we-ve-been-experiencing-bad-downvotes-for-a-considerable-amount-of-time-and-we-re-seeking-answers-we-re-concerned-about-the
https://hive.blog/hive-167922/@bpcvoter1/https-peakd-com-theycallmedan-wallet
https://hive.blog/hive-140084/@bpcvoter1/he-lazy-panda-account-appears-to-be-a-collaborative-effort-by-several-major-accounts-aiming-to-optimize-farming-activities
https://hive.blog/hive-167922/@bpcvoter1/livinguktaiwan-he-would-never-survive-an-hour-at-hivefest-now
https://hive.blog/hive-167922/@bpcvoter2/https-peakd-com-themarkymark-activities-they-are-are-now-trying-to-hide-to-builda-whale-curation-rewards-lol
https://hive.blog/hive-167922/@bpcvoter3/ipromote-aka-buildawhale-themarkymark-gogreenbuddy-usainvote-upmyvote-theycallmemarky-steemgeeks-leovoter-100s-more
https://hive.blog/hive-167922/@bilpcoinbpc/youve-been-known-to-advise-others-to-distance-themselves-from-those-youve-wronged-perhaps-as-a-means-to-alleviate-your-own-gui
https://hive.blog/hive-173737/@bpcvoter3/the-bilpcoin-team-were-attacked-by-themarkymark-gang-so-we-started-investigating-and-gathering-evidence-and-before-long-we-had-a
https://hive.blog/hive-167922/@bpcvoter3/themarkymark-80-in-leofinance-18-hours-ago-you-are-the-abuse-on-hive-hive-blog-hive-167922-themarkymark-re-bpcvoter3-smp740-lol
https://hive.blog/hive-167922/@bpcvoter1/for-a-long-time-certain-individuals-and-groups-have-been-dominating-and-controlling-the-platform-buildawhale-blcoktrades
https://hive.blog/hive-158694/@bpcvoter1/downvoters-we-ve-got-to-ask-what-s-the-joy-in-downvoting-huh-it-just-shows-how-down-in-the-dumps-you-are-remember-themarkymark
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https://peakd.com/@ipromote/wallet
https://hive.blog/@usainvote/replies
https://hive.blog/@usainvote/comments
https://hive.blog/hive-167922/@bpcvoter1/livinguktaiwan-he-would-never-survive-an-hour-at-hivefest-now
The Bilpcoin team is shifting its focus towards creating more in-depth content, aiming for less frequent but higher quality posts, potentially once or twice a day
We're ending the day with a bang - introducing two more crazy Santa designs: one happy drunk and one smoking
Their attempts to intimidate and silence their critics are equally concerning. The use of downvotes as a means of censorship is a clear indication of their desperation to maintain their grip on the narrative. But it's not working
we are excited to announce our ambitious endeavor to create the largest curation trail on Hive and, by extension, the world LOL
https://hive.blog/hive-140217/@themarkymark/re-bpcvoter1-sp87n1
themarkymark (80)in LeoFinance 18 hours ago You are the abuse on Hive hive.blog/hive-167922/@themarkymark/re-bpcvoter3-smp740 LOL TRANSACTIONS DON'T LIE PEOPLE DO PEOPLE LIKE YOU DO Curation reward for BUILDAWHALE COMMENT FARM buildawhale51.108 HP
https://hive.blog/@kevm/comments
https://hive.blog/@kcgm/comments
It's, laughable, isn't it, how people react when they're caught red-handed doing something wrong? The shame, the defensiveness the lies, the attempts to shift the blame LOL - it's all so predictable
When investing, we want to emphasize the importance of diversification. It's essential to spread your investments across different assets to minimize risk and maximize returns
You continue to perpetuate the Buildawhale scam, despite being fully exposed. Your actions are nothing short of astonishing, as you still manage to spam Hive with a multitude of alt accounts. It's clear that you're attempting to deceive others
A Call to Action Against Downvote Abuse on Hive
WE EXPOSED A SUPER FARM ON HIVE
Super farm https://peakd.com/@memesandstuff/wallet spam scam accounts
Hive Emergency: A Call to Action STOP THE BAD DOWNVOTES
The Hive community has been plagued by a rise in spam accounts sharing stolen content. Many of these accounts appear to be linked to a single super farm that we've exposed @memesandstuff superfarm and we believe a prominent whale may be behind it
Hive's Explosive In Growth: Sustainable Trend or Fake Pump?
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