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RE: Proposing Hardfork 0.20.0 “Velocity”
I agree. That burning Steem to buy minimum bandwidth struck me as so simple but genius! The way it makes multiple signups unprofitable while also decreasing the token supply at the same time demand is increasing... sweet.
Recently I also delegated all the SP from a secondary account of mine, forgetting about the whole bandwidth thing until I went to do something from the account... This would indeed save people like me from their own stupidity.
Burning steem has a downside: it will reduce the market cap.
Because the initial SP amount is basically locked forever, it can achieve the same result as burning.