Reviving BuyNburn for the New Year - Burning 67K PAY
Reviving Buy-N-Burn
I decided to revive the @buynburn project.
The account will transfer the HIVE and HBD earned from posts to #HIVE-Engine. It will then use the funds to buy and burn coins for struggling HE tribes.
NOTE: The account does not upvote any posts.
The account will periodically drop posts about different coins on Hive Engine. For this post I was planning on burning 297 #CENT.
While looking at the account I accidentally staked the CENT!
I don't know what it is! When I see free coins in my account, I habitually stake them.
I started an unstake and will burn the CENT in 28 days.
For this post, I will burn 67,846 #PAY instead. My HE History shows that I've burned 278,484 PAY to date!
About the Picture
The accidental staking was so embarrassing.
I took a picture of a toy training hauling off a load of old coins for the post. I don't have time for a new picture.
I Like the PAY Coin
The PAY coin triggers on the keyword #POLITICS . I lost several HIVE buying PAY in the early days of HE. After the coin crashed, I raised my stake to 400,000 PAY. The coin has paid off handsomely since the crash. A coin cannot fall any lower than 0.00000001 HIVE.
Follow the Burns on HE Explorer
You can follow the @buynburn coin purchases and burns on HE explorer.
I buy the coins when the price is low. If the ask price of a coin pops after I purchase it, I might resell and buy another coin to burn.
I intend to write a program to filter out the burn posts so that the public can verify that I am burning coins. The horse trading that I did with the coins while the account was on hiatus increased the number of coins I have to burn.
The coin history shows that I have been managing the account to maximize the burn.
Tell Me Which HE Coins You Would Like to See Burned?
Drop a note and let me know which coins you would like to see burned? I want to buy coins when they are on the down and out. For example, I would not buy ZING at the moment as it should be on the rise with a product release.
I have my eye on FOODIE and #POB as they have been testing new lows these past few days.
I consider this to be a relevant #ProofOfBrain post as the post is original text with an original picture. Also the buying of coins involves the use of a human brain.
Quite frankly, HIVE-Engine needs people to engage their brains in the active trading of coins.