We see it all the time, different crypto leaders burning crypto to drive up the price by reducing supply. Often it is unannounced which always adds a nice shock favour, one day ill dive into price jumps and crypto burns but today is not that day.
One of the interesting things about HIVE, amongst others, is the community can decide to burn supply and no cost to itself. Normally a community in crypto would all have to agree to burn a % of their own crypto if they wanted to do a community lead burn, and really how are you going to get an agreement on that. In HIVE it is the opposite, by voting on a burn post I gain crypto thru curation and reduce supply, win win... maybe?
Ok so this post was sparked by to great writers on POB, and I don't think either is anything but curious about the topic so please don't take this as me casting them in a certain light. I'm going to quickly summarise their blog arguments here.
@madstacks runs the burn posts daily. He did stop at one time @madstacks/77hgyn-pob-burn-results but due to community demand it came back @madstacks/pob-burn-post-20-earn-curation-and-help-raise-stabilise-the-token-price-all-rewards-burnt basic premise is that this will drive up price and burn is now at .25%
Then we have @calumam Burning the Evidence "It's true that if this is higher it will attract other people to the platform and will provide other opportunities, although I believe this is a double-edged sword because it sacrifices wider distribution of the token and reduces more evidence of Proof of Brain being demonstrated on the platform." also goes on to suggest that maybe different less community lead burn approaches could be followed if that is what the community wants.
Now I have voted on both, I don't have an answer and not sure of the right approach. I also appreciate both the views and civility thye have both taken in talking about thier approachs.
The question is have not seen asked for answered yet and want to put out there is When is a good time to burn crypto. When does the need for higher token prices outweigh the need for the spread of tokens across the system. Again, no answers only questions, but is there a % rule out there? Is it when x % of HIve has POB? Is it a distribution point, when x% of POB total supply has been given out? Or do we not need a community consensus, do we run the burn posts and those who want to do so and we let self selection do its thing.
Art is my own