I don’t agree. Making people burn is not impossible. We can “incentivize” them.
For example: all posts upvoted by bidbots downvoted to 0 by @steemit. And replace top trending spots on steemit by auction spots for the biggest burners. Why would Steemit, Inc do this instead of earning ad revenue?
Because they hold 25% of the STEEM supply and seeing the price move up is much much much more profitable than some ad revenue.
More examples: any business that burns a lot receives big delegations, free promotion, etc.
Not implementing this is just lazyness, and we can’t rely on more people buying STEEM for ever. At one point the market will dry up.
Even more examples: “burning has to be part of the platform” that is a quote from you. We could probably think of 5 good ways to burn STEEM in 10 minutes and making so from the blockchain code and the way STEEM works.
A good recent proposition was from @theycallmedan when he proposed a 5% token burn for instant powerdown.
Posted using Partiko iOS