Its only burning SteemDollars. thats what happens to promoted posts. if you use sd to promote a post, then those SD get burned. they did that so no one person can get rich off of the promoted. It's weird , yet makes perfect sense.
RE: why i think steemit is a scam(7)
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why i think steemit is a scam(7)
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https://steemit.com/steemit/@steemitblog/introducing-promoted-content
Nope not a scam, its right there on the blockchain. you can see the sd in the null account will not move, it just stays there till they burn it.
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Well leave steemit then, if you dont trust it. Your choice! It's a free world! :)
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Everything is visible on the blockchain, and the null account has no keys and no way to recover funds.
You can see this for yourself here if you wanted to actually understand instead of just talking out your ass https://steemd.com/@null
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