The idea that less is more is dumb. Look at the most successful stocks what do they do over time? They end up splitting and having more units outstanding?
Who does reserve splits (burns)? Those who are struggling and trying to game the system.
How about Leo create 2 major use cases (such as lending, bonding, etc) for the coin each year. After 4 years, you would have 8 more layers of utility for the token.
It depends on the use case. It's true $LEO has a different use case altogether where some amount of reasonable inflation sustains the economy...it's not like pure money concept of $BTC.
Not just the fork of BTC many a coins on the lines of BTC without any use case has failed. BTC being the flagship crypto.....did not confront any such challenge, people accepted it as something new and decentralized, an alternate solution.
It would be foolish.
The idea that less is more is dumb. Look at the most successful stocks what do they do over time? They end up splitting and having more units outstanding?
Who does reserve splits (burns)? Those who are struggling and trying to game the system.
How about Leo create 2 major use cases (such as lending, bonding, etc) for the coin each year. After 4 years, you would have 8 more layers of utility for the token.
It depends on the use case. It's true $LEO has a different use case altogether where some amount of reasonable inflation sustains the economy...it's not like pure money concept of $BTC.
BTC isnt a pure money concept. If it werent for the fact it was Bitcoin, and it captured the imagination of people, it would end up being a failure.
Look at the forks of Bitcoin...they do not have much of a future since they arent bitcoin.
Not just the fork of BTC many a coins on the lines of BTC without any use case has failed. BTC being the flagship crypto.....did not confront any such challenge, people accepted it as something new and decentralized, an alternate solution.
That's what I think.