Ok. I am one of those people who asked for this data. So first of all, thank you, Asher. I think this puts to bed the controversy if burnpost is actually useful or not. The only thing that remains in the optics of trending, which we can work on constantly with everyone's help and support.
Several days back @smooth @pharesim and I (I was mostly an observer :)) had this discussion whether burnpost is good or bad for the economy. I actually have to organize that discussion as a post (I am slacking). Below was smooth's starting hypothesis :
There are basically three classes of usage rewards/inflation can be allocated to:
- Positive (spending $1 results in >$1 contributed back to the value of the system)
- Neutral (spending $1 results in exactly $1 contributed value)
- Negative (spending $1 results in <$1 contributed value)
By logic burnpost is basically #2 and on $1+ SBD scenario it is #1. If that is the case, the obvious question is there must be a positive impact of burnpost on :
- price of steem
- reward distribution along the food chain
I think #1 here is difficult to prove in short term (should be positive by math in the long term), but Asher has proven that #2 is definitely the case on the "head" of the reward distribution, which is what we want.
