As I wrote in a comment on another post, I don't think burning your own SBD is a particularly good idea and I don't think it will really accomplish much - at least from the average user perspective. You'd be better off converting your SBD to Steem and powering up. The problem isn't necessarily that there's too much SBD - it's that the price of Steem has fallen too far due to a lack of interest in the platform and currency, resulting in a skewed ratio of SBD to market cap. We just need more development and new/better ways to spend the currency. It needs to be more attractive to users and investors.
If burning SBD is the solution to the problem (which could only serve as a short-term solution, at best, if prices continue to decline like they are), then the burning needs to come from the Steemit accounts that are holding a very large percentage of SBD - accounts like @steemit, @steemit1, and @steemit2. That's really the only way that a difference will be made. For regular users that only have a few dozen SBD anyway, there's really no point in burning it if those larger accounts aren't doing the same. Selling it or powering it up would be a better move, in my opinion.
I like your initiative, though, even if I don't want to participate. Solutions for issues like this should have already been planned. It's not like this wasn't foreseen a few months back when @dantheman wrote about it. If there was enough foresight to know about the problem, there should have been solutions that were better than just letting the peg go to the wayside. There have been some rather large centrally decentralized missteps so far. I hope this can be eventually corrected.
Stop ruining the fun. Burned 70. If I receive any prize from the competition that will also be burned (used to promote another post)
I think there can be a cumulative impact from burning small amounts of SBD. Personally, I'd like to see SBD remain relatively stable. As long as it stays above 80 cents nearly always, I am fine. I don't want to see the 10% threshold tested and a possible crisis of confidence in the SBD destroy it entirely.
But obviously burning SBD is a pointless exercise unless accompanied with stability in the Steem price. It's just one stress point which needs to be addressed in order to develop a robust economy. The overall inflation rate will be addressed in the changes announced today, which I think will go a long way towards providing the stability that we need.