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RE: Introducing PolyCub Burner

in LeoFinance2 years ago

I hate the idea of burning rewards, it's wasted potential. Additionally, if you make a burner account - you need to sell just everything or you break the idea and it's no longer a burner account.

Sorry to say, this is bs.

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Burning Polycub has a positive price impact which would increase the Market cap hence:

  • Attracting more attention to the token.
  • Making investors happy and more likely to talk, post, and share the project.
  • Motivates the team to keep working on it.

The burner account will give me a ton of work to manage, I have post daily updates and comments on the performance of Polycub which I believe will bring some value to the people who are interested in the project. I wouldn't do this for free and I see it as a win-win situation, I get a small fee and some LEO for my effort and polycub investors get organized daily updates while also contributing to the polycub growth by turning their upvotes into burned POLYCUB.

I don't know if these arguments make sense to you but if they don't let's just agree to disagree.

This is not a disagreement, you try to spin up a fake burner post model.

What you do is a converter post. Upvotes this to turn your voting power into Polycub price movement. It's not burning anything until the Coins/Tokens have already left the HIVE Blockchain ecosystem.

AND ON TOP OF YOUR burner called Converter post you added that:

I don't want to dump the Leo on the market so I will be keeping it and turning it into Leo Power on my main account.
That passage needs to die, you are absolutely nuts to put that in.

Look I'm showing the flaw, if this will ever get momentum this account and your main account might get flagged heavily, and not only the rewards get nulled but your reputation might get destroyed. Just rethink your model and try again if you really want to create a burner post.


I just want to repeat the most important point. POLYCUB and XPolycub are not on the HIVE Blockchain. All you do here is ask for upvotes to sell all rewards and take them to the polygon network. From the perspective of an Hiver, let me CAPSLOCK THAT, FROM THE PERSPECTIVE OF THE HIVE BLOCKCHAIN AND ITS USER, YOU'RE NOT BURNING ANYTHING.

I see what you mean, and you're right I have to make some changes to how I'm going to go about this. My objective is not to milk the Hive ecosystem for the benefit of Polycub I intend to bring some value to the people on Hive who also use Polycub with the daily updates and comments I will be posting.

I don't want to dump the Leo on the market so I will be keeping it and turning it into Leo Power on my main account.
That passage needs to die, you are absolutely nuts to put that in.

Another thing that I will change. I will send it to the null account and add a paragraph at the end of each post with the amount of LEO I burn over time. You weren't the only one alerting me to this. That's why having feedback from the community can be very helpful, to change and improve over time.

I will tweak things around and edit this post to better convey the message that this is just an account that will post daily content about polycub and convert the rewards into burning Polycub. Whoever finds the content helpful can upvote it.

Thank you for the feedback.

He's earning hive rewards from the upvotes and using them to increase the value of polycub...I don't see how this is a bad thing

The second word of your answer is already wrong "He's earning", burner post don't earn nothing. You put "null" to 100% and you get a little flame icon down right in the UI and that makes it a burner post. That's it, end of the story - none is earning anything.