would be nice if hive would have a system in place to make out that traffic money. Like advertisements for "readers" not users.
I know, impossible without a standard all front ends could sign up for. But that would be something WEB3 needs.
fully Decentralized advertisements don't work, i know that too :P But some bid and accept platforms would be nice. Some cut for front ends, rest ends up in burns.
The network burned 500K Hive in the last week alone, just from the Hive->HBD conversion operation. And Splinterlands burned around 170K Hive creating new accounts.
And we're probably on track to do something similar in the coming week. It's big burn rate (total value burned at Hive price of $0.56 USD is $375K USD per week ), far more than I think we could ever expect from advertisements, at least in the near term. And that number is not including effective removal of available Hive supply due to HDB stabilizer.
Admittedly we shouldn't count on that burn rate to last forever, but in one week I think we've burned more than Steemit was earning on its ad revenue for an entire year (and that's revenue BEFORE expenses, which I suspect made them "profit neutral").
OMG,
That news are awesome :D
Way better than i would expect.
Insane if we think about its 0,5%+ of total supply :O
Really Insane!