Burning tokens to promote is a great idea because it helps the whole community and all the holders.
Wish this were being done with steem.
However this statement is low key kinda just sad. Maybe?
Why would you burn it instead of just collect it? If you're the owner you'll likely get a lot more out of it by burning it. Instead of getting a handful of tokens at the lowest price you're removing tokens from circulation making all of your other tokens worth more.
It seems innocent but what it's basically saying is... "we know you token creators have basically created a get rich quick scheme and most of you have rewarded yourselves crazy amounts of your own token, now here's a way to enrich yourselves." He could have easily said this will help the community... but the reality is the token creators seem to be mostly in it for themselves. Maybe?
It's as if this is the go to accepted practice for a creator of a token to just give himself outlandish amounts of tokens.
This should be a discussion. I lean towards this sounds scamy... but who knows what do the rest of you think?
I think this sort of default gifting yourself outlandish amounts of token is gonna get Steem in trouble... get rich quick schemes will always come back to bite you in the Ass.
Tokens yes... but token creators should try their hardest to create a nicely balanced fair system.
Does anyone know a token that the creator DID NOT try to get rich off of with free money? I'd love to know cuz that's solid!
RE: Steem-Engine announces featured posts and announcements for Nitrous!