Quick note on burnpost

Since the SBD peg is close to being restored, Hive account@burnpost will no longer set a beneficary of Hive account@null. Instead, rewards will be paid to Hive account@burnpost and handled by the bot (or in some exceptional cases manually) in accordance with the rules.

In particular, if SBD is trading for more than $1, any SBD rewards received will be used to buy STEEM for eventual burning, which results in a larger burn relative to the rewards paid out. For example, if SBD is trading at $2 and STEEM is trading at 0.20 then immediate burn (or convert and burn) of 1 SBD would result in 5 STEEM being burned from the total supply, but using the 1 SBD to buy STEEM will result in 10 STEEM being burned. The latter also helps stabilize the price of SBD toward $1 by selling it on the liquid market, as well as contributing buying pressure to STEEM.

Other posters who wish to take advantage of this may set their beneficary to Hive account@burnpost instead of Hive account@null and any rewards received there will be treated accordingly. Likewise for donations.

100% beneficiary to Hive account@burnpost