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RE: Hive Vs Ethereum: Burning Money

in LeoFinance3 years ago

I think both burning tokens and locking up tokens are good. With Ethereum, though, if there was no burn put in place with the migration to POS where would miner fees go? A couple possibilities - the ETH that would have gone to miners gets redistributed to holders which would be insanely expensive with fees. The ETH gets locked in a contract for developer use, but that could lead to heavy centralization. I think the burn is the best scenario in Ethereum's case.

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That is true there are drawbacks to all the scenarios.

Which is another problem itself.

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