Burnsteem25

Thank you to everyone who contributed to [the first Steem Debate about the Club system](https://steemit.com/hive-127586/@pennsif/steem-debates-1-the-club-system). Now we move on to the second topic - Burnsteem25. Is this helping to rise the price of STEEM, or is it just an unfair tax on rewards? --- ---

Burnsteem25

Burnsteem25 was introduced about two years ago by @steemcurator01. The general idea, as with all cryptocurrencies, is that burning STEEM will help increase the price. To use the #burnsteem25 tag you have to set a 25% beneficiary to @null - this means a quarter of the rewards are 'burnt' (destroyed). Posts using the #burnsteem25 tag have a greater chance of attracting a bigger vote from @steemcurator01 & 02, as well as all the other steemcurator0x accounts. --- ---

The Pros

The use of the burnsteem25 tag has become very popular with large sections of the community. Posts using the tag do appear to attract more frequent votes from @steemcurator01 & 02. While setting the beneficiary to @null reduces post rewards by 25% it does appear generally that the larger votes given by @steemcurator01 and 02 do more than compensate for the loss. As well as potentially attracting more frequent and larger votes from the main curators, using burnsteem25 does allow members of the community to play some small part in helping to increase the price of STEEM. --- ---

The Cons

Not everyone of course supports burnsteem25, and certainly when first introduced there was significant opposition. People who oppose it do not like giving up part of their rewards, and do not believe it has any positive impact on the price of STEEM. Opposers to burnsteem25 also question why the big whale accounts do not participate. --- ---

What Do You Think?

Is Burnsteem25 a good thing? Should it be kept in its current form? Should it be modified? Or should it be dropped? If #burnsteem25 went should there be some other way to burn STEEM? What are your ideas? --- --- Using the #burnsteem25 tag does seem to attract more frequent and larger votes from @steemcurator01/02. But it doesn't guarantee a vote. Many are happy to participate. Others see it as an unfair 'tax'. The goal of burning STEEM to help increase the price is definitely a good one. The difficulty of course is knowing what if any impact the burnsteem25 initiative actually has on the STEEM price. There are too many variables and too many external factors to be sure either way. --- The only data available comes from the burnsteem25 tracking posts that @remlaps did for some time... * [**Burned tokens, rewards, and inflation summary September 2, 2023: 235K SP, 159K STEEM, and 1,146 SBD burned in 73K burnsteem25 posts**](https://steemit.com/blockchain-metrics/@remlaps-lite/burned-tokens-rewards-and-inflation-summary-september-2-2023-235k-sp-159k-steem-and-1-146-sbd-burned-in-73k-burnsteem25-posts) Last October he reported the largest ever monthly total for burned beneficiary rewards... * [**October saw the highest-ever monthly total for burned beneficiary rewards**](https://steemit.com/steemtalk/@remlaps-lite/october-saw-the-highest-ever) --- To burn or not to burn that is the question. Keep following the [Steem Debates](https://steemit.com/steem/@pennsif/steem-debates-do-we-want-change) and make your views known. Thank you Pennsif