Burn Baby, Burn... (5% BURN POST!)

mcoinz79(72)

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#palnet

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Burning Steem is a foreign concept- one that I'm starting to understand. It's actually a pretty simple and intriguing concept. It is essential for the economics of the blockchain & the burning of Steem should be more prevalent!

Why Burn Steem?

Simple. Burning Steem decreases overall supply and inflation.

How Do I Burn Steem?

Anyone can do it & it’s so simple! There are a number of ways of do it, too! Here are a few:

Send to @null! Any amount that is sent to this account is burned!

Set beneficiary to @null! When you make a post, a percentage of your author rewards will be burned. Easily do this by using steempeak.com.

Use Steempeak.com to set your reward option to burn. 100% of your author rewards will be burned!

Upvote @burnpost! The author rewards will be sent to @null and you will still receive your curation rewards. Personally, I have a 100% auto-vote via steemauto.com. This is the easiest & totally free way to burn some Steem!