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RE: Burned tokens, rewards, and inflation summary January 14, 2023: 110K SP, 75K STEEM, and 909K SBD burned in 35K burnsteem25 posts
Yeah, it seems like you understand the reasoning behind it.
You're also right that there are quite a few accounts who are cashing in by spamming the blockchain, and that's (probably) working against the token value. It's like we have two parallel ecosystems that are working in opposite directions. It has been that way for most of the time I've been here.
Well, you are on the good side while I am on both sides because I have to withdraw my steem out of necessity while the bad ones do it out of greed.
I don't think there's anything wrong with cashing out. My main concern with the bidbots and other players like that is just that they're intentionally distributing rewards to spammers.