RE: My Actifit Report Card: September 3 2024 - BURN It Down

Good Question, thanks for asking!

No, a downvote redistributes the reward pool but doesn't send any of it to null to be burned.

If someone downvotes a post, then the percentage of the daily reward pool that would have been given to the author of that post after 7 days decreases. Everyone else's post getting rewarded on the day the downvoted post would have paid out gets rewarded a tiny fraction of the reward that was removed by the downvoter.

So the downvote only affects the distribution of the daily reward pool. That pool is still funded by whatever amount the code is set to create from HIVE printed out of thin air. A downvote does not affect how much HIVE is created on any given day, just the way that reward is distributed among all the posts coming due for rewards on that day.

In the process of us getting our author rewards, we can set up beneficiaries who will get a certain percent of our rewards. I give 5% of my rewards to null which destroys some of the the HIVE that would come to me. But 100% of My rewards and everyone else's rewards are created out of thin air every day, which is one part of the inflation problem we have with HIVE, as supply is mostly going UP. If we burn some of our reward, we still get the rest of the reward, which is more than any other social media poster gets (On Facebook, Instagram, X etc. they get zero!) and we may help raise the price of HIVE since burning some of our reward which comes from inflation will therefore reduce inflation.

It's a bit technical but I hope that helps! :)