RE: RE: Steemit, Inc. Financial Update
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RE: Steemit, Inc. Financial Update

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7y

This is interesting and much needed info for morale on the steem blockchain Eli! I want to commend you for understanding steemit incs most valuable asset imo (steemit.com) and returning focus here.

In all your spare time, can I draw your attention to aggroed@aggroed ‘s recent post regarding a proposal to burn steem for SMT creation? https://steemit.com/smt/@aggroed/hardfork-22-smts-let-s-burn-steem

This or another way to shrink the total supply of steem could potentially drive up the price of steem and create a virtuous circle benefiting all stakeholders.

Thinking in terms of a sort of share buy back if you will, which is what many companies implement when their share price is undervalued.

Thanks for your consideration Eli! Im sure aggroed would be happy to expand on this topic.

Great work in starting to turn the ship around :)

@goldmatters: This is interesting | Ecency