Can we have a post of comprehensively explaining about the erect of steem burn
I do agree with the burning of steem because of the consensus mechanism pob, bcos token/coin built on this are doing well
But the case for steem, I dont quite understand a lot, i only understand that burning will warrant scarcity and that will see to the increase in value of steem
Now i ask
Is that all to it or there is more that we need to know?
This post and its comments are worth a read if you haven't done so already - https://steemit.com/steem/@remlaps/steem-post-promotion-past-present-and-future
And yes, simply put - market cap = total tokens * price. If we reduce the number of tokens and the market cap doesn't change, then the price will go up.
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Thanks
Now I understand and I will feed my eye with the link you recommended
Thanks
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