Inktober Day: Murky plus a conversation about burnsteem25steemCreated with Sketch.

in #inktober5 hours ago

04murky.jpg

Day 4 of #inktober is coming to an end. The prompt for the day was "murky." Since I don't have time to draw a picture, I generated an drawing of a person walking through the bayou

The next prompt is Deer. The holozing game will give additional awards for drawings of deer; so, i will try to draw a picture of a deer if i get a chance.

The Burn Steem Tag

It takes hours for an artist to prep a picture for publication. Steemit is stingy with rewards. It is frustrating to spend a half day on a picture only to have the reward swept away as dust. This is a primary reason why I decided to just do ai images for inktober.

It takes about thirty minutes to generate an image and write a few paragraphs of text.

It is a sad fact that there is no way to tell how much effort a person put into an image. An artist could spend a day on a mediocre image while another just uses a tool to snag an image.

I don't want to spend a day drawing an image that gets no upvotes.

Of course the ai images don't attract upvotes either.

In my bid to break the $0.02 dust level, I decided to burn 25% the author rewards for this post and add the #burnsteem25 tag. I hope that this will bring my upvote total to over the $0.02 payout level.

The hope behind the #burnsteem25 tag is that it would reduce the amount of STEEM floating on the market. Reducing the float might improve the price of STEEM.

Personally, I don't believe that the #burnsteem25 tag achieves its objective.

I believe that new authors should power up 100% of their author rewards. I set "100% power up" as my rewards preference.

So, when I send 25% of my author rewards to @null, I am not burning STEEM, I am actually burning STEEM POWER.

Burning STEEM POWER does not affect the STEEM floating in the market. All it does is reduce the ratio of SP to STEEM. This makes the STEEM market worse.

Investors are keenly aware of the market cap of different blockchains.

coin gecko told me that the STEEM market cap was just $65,745,763. STEEM ranks in position 728 on the coingecko blockchain list.

Having authors burn STEEM POWER to attract votes does not improve the platform.

If we really wanted to improve STEEM, we would should encourage authors to power up their rewards.

Authors who burn STEEM POWER to attract votes are not reducing the float of STEEM on the market. they are just lowering the market capital of the platform.

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Upvoted! Thank you for supporting witness @jswit.