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     5 years ago (edited)

    Well, that would be utilizing a mechanism that was invented for coins/tokens that are VASTLY over-issued, and at this time we have a 1 Million token hardcap! So NO, we have no plans for a Burn. Buybacks are always on the table, and the option of quickly turning into STEEM is to use the exchange.

    You question is actually even more nonsensical than applying the same query to BitCoin, which has a 21 Million hardcap 😎 If one is strictly looking at the issuance numbers. 😋

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     5 years ago 

    Deflation is always a good value driver, no matter how many tokens :)

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       5 years ago 

      True, there is an estimate that I read about bitcoin, that said a likely number that have been lost is over a million... But wider adoption and use is also a driver of value. I am not for sure but once we reach a million we can open the discussion about additions and or subtractions at that time. Or I suppose if sales stalled out we could burn unsold tokens. I'm in the club so I have a say, but I have nowhere near a 'controlling interest'. I'm just speaking for myself here, and referencing what has been said in discussions before we organized everything. @ash, YOU should join us and input your knowledge to the members, anyone with a 72 rep has to know something about crypto in general and Steem specifically 👍❗ Big Playahs these days are at around the 5k SPI levels. 6K Steem will get in that group, but last I knew a 2500 SPI holding got the maximum vote value for club matters. I believe there are 5 at the 5k+ level, and around 8-10 at the 2500+ levels total. Another big holder would be a nice addition 💹

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       5 years ago 

      I only hold cents worth of SPI, I'm not really invested, but rather cheering from the side :)

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       5 years ago 

      12 steem = 10 SPI = Voting Member Level 😎

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       5 years ago 

      There is currently a buy back offer of 95% that has been in place from day 1. There is no plan to burn are inflate tokens at all.