Apparently, CTime is no longer voting on content unless the author "burns" (destroys) a portion of the rewards. I think it's great that big curators are using their financial influence to create change in the platform. That's within our rights, and it's the way a free market should work. We can throw our votes around in whatever way we want, and that's the way it should be!
I personally won't be using my 1 million+ Voting Power to support content that burns BLURT. I see this as backwards, as well as damaging to the community and platform. I don't want to be a part of it. I will continue to support content that does not burn our currency.
Nor will I be bowing to the pressure, by burning any BLURT in exchange for votes. I see MANY things wrong with that. Yes, I realize this means the loss of my largest supporter, but I'd rather stick to my principles than do something which damages the Blurt platform and currency.
I'm hoping plenty of authors are with me! Feel free to comment below with your opinion on the matter. Will you be deleting some of your own crypto in exchange for votes?
If you decide to take a stand (as I have), let me know, and I'll be sure to consider your content for regular support. I am currently distributing about 800 BLURT in rewards per day. I upvote quality engagement (comments and replies) on my posts, as well as content I find around the blockchain that is interesting, unique, creative, informative, etc.
Consider this: Many people deleting BLURT are doing it to signal their virtue, or follow a trend. Look at me, I'm doing the "in" thing! I was told that it's helpful to burn crypto, and now I'm even getting paid to do it, woooooo! ...... Sad.
Most don't understand the theory (or math) behind it, aside from perhaps "less supply means higher price". Even if that were really how it works, there's a better way to decrease supply of BLURT: decrease the inflation rate!
Inflation
Inflation is built in and controlled. BLURT is constantly being created, and added to our wallets, at a rate determined by the witnesses. It's they who can decrease the inflation rate, in a fair and equitable way. It makes no sense to keep it high, and then ask the platform's users to voluntarily destroy some of their own money!
If we really thought we needed to decrease the number of new BLURT being generated, that's how we could do it easily and fairly. It's the entire reason that setting exists! Instead, we really think the best option is to have users volunteer to turn their tokens in for destruction? And reward those who do, with... more of those tokens?!
Not that "less supply" really necessarily means "higher price". That's a gross oversimplification. Anyway, a few tokens here or there won't have any effect, except on the small holder... it's all about benefiting an inner circle of profiteers, and appeasing the top investors.
Try this: Ask a proponent of "burning crypto" to explain to you, in clear terms, why it's a good idea. You won't get a rational explanation. That's because IT ACTUALLY IS NOT A GOOD IDEA, especially not for you.
At the very least, I hope I've made a few people question this sudden trend. Maybe a few will think about what they're considering, and understand it fully before they do it.
This post is proudly burning 0% of rewards! Everything I earn is powered up, which boosts my personal growth, the content I curate, and the functionality of the blockchain.
DRutter
