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RE: Burning the Evidence

in Proof of Brain4 years ago

This is a question that has puzzled me about cypto. The less tokens we have the more valuable they are so we burn tokens. But at the same time the more tokens we have circulating and actually being used then the more value there is in the token.

If token A is in ample supply and is held by just a few wallets and not optimized then it has no real value. It should be burned.

If token B is in ample supply and is distributed among millions and utilized in daily interactions than there is no need to be burned. The coin has value in itself. This is what is happening with Ether. People are seeing a value with the token itself.

It's cool that you are transparent and admit that you regret past actions of voting on burn posts. I'm still not convinced that burning is such a bad idea and could be necessary to produce scarcity, but I see the paradox @calumam.


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You hit onto the point I made about "what is the magic number?", and it all comes down to the dollar value in terms of burning (I think).

but I see the paradox @calumam

Success! I can rest easy this week knowing that my attempts for WOTW were solid. It is not an easy one to write about, there is some real thinking and consideration for your opinions that needs to happen (well, if you are concerned about being accurate that is).


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I think you may be the first person to recognize this token paradox. I'm glad to read it :)


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