RE: Is Burning the Best Way to Save Steem from Inflation?
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IMHO there is no need to burn any crypto at all. The code was desined in such way that any entity getting the reward should USE it. The only cancer here is the need to transform that crypto into fiat. If every network participant can BUIDL something on that network that would be useful for others, then there will be no need to transform it into fiat or even burn the tokens. The total supply of one coin is not the integer number. Burning 10^4 coins from a network with scalability of 10^-8 and a total supply of 10^12 (ex) will have no action on the whole network. The best thing to do is to make sure the members of the network can USE the coin as a form of payment for many products and services.
You hit the jackpot @concorde. That's what I am thinking too.
And that's one of the reason I am going to Steemfest, to see if there're any projects heading that direction.
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@concorde has stated it very well - value comes with demand, and that will drive apparent scarcity. When you have more buyers than sellers in the market, the price will go up.
Exactly, @jdkennedy