I disagree in burning steem. For minnows and red fishes we live on any earned steem we can get our hands on. The big whales are a minority of the group. For them to hoard and earn most rewards it is hurting the platform, but I believe in time the wealth distribution will trickle down to the little fishes. Steemit is still in its infancy and when people know what good content is they votes will pour in. Indeed this may take years to trickle down but everything takes time. Thanks.
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Creating an option for whales to reduce the pool by burning STEEM lifts everyone else on the platform (smaller supply of STEEM creates more price movement when chased by new demand).
The early pre-mine and consolidation of STEEM among whale accounts is one of the reasons that STEEM has always been an undervalued coin for the amount of traffic on its blockchain.
Granted, delegating a similar amount of SP to upstart curation efforts would have a similar (or more beneficial) impact.
I doubt many whales would be willing to burn their steem even if they had a ton to spend. The price movement won't matter to them if they control majority of the steems.
Early adopters are going to always benefit the most. So many examples of pennies on the dollar coins turned into double, triple, and even quadruple numbers. Steem is no different. Steem is unique because it can not be compared to POS or POW. Steem definitely has potential to rise, it is just seeing if people accept it for what it is and invest in it.
Totally agree with the delegating part. The steem will be used to better the platform. This is a positive if whales can spread the SP rather than hoard it. Thanks.