/sci/ - Science & Math » Thread #13339158

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"Hyperdeflationary currency"

Anonymous Tue 29 Jun 18:41:48 2021 No.13339158 View Reply Original Report

Quoted By: >>13339562

Can somebody explain to me if this is going to be the next bitcoin due to this "burn" mechanic that continuously reduces the supply? Is this at all plausible?

Anonymous

Anonymous Tue 29 Jun 2021 18:46:15 No.13339175 Report

Quoted By: >>13339338 >>13339673

There are 1,000,000,000 $WHACKD
if someone sends 1,000,000 WHACKD,
100,000 (10%) is burnt and the receiver gets 900,000 $WHACKD

thats what I understand so far . . .

Anonymous

Anonymous Tue 29 Jun 2021 19:18:35 No.13339338 Report

Quoted By:

>>13339175
So if we know the volume traded how would we do the projection for the future supply?

And I know economics is a bullshit field but how will this tie to supply & demand?

Anonymous

Anonymous Tue 29 Jun 2021 20:29:54 No.13339562 Report

Quoted By:

>>13339158
no it wont be the next bitcoin. there is no "next" bitcoin. theres probably some asset out there that will make incredible gains (maybe not at the bitcoin level though) in the coming years/decade, but it might be something totally different that isnt a cryptocurrency. 10 years ago when bitcoin was at 1 dollar, almost nobody knew anything about crypto.

Anonymous

Anonymous Tue 29 Jun 2021 21:05:17 No.13339673 Report

Quoted By:

>>13339175
no, every transaction is burned 10%. 1 out of 1000 transactions will be burned entirely meaning the receiver will get nothing since the tokens get sent to a burn address.

Anonymous

Anonymous Tue 29 Jun 2021 21:41:33 No.13339798 Report

Quoted By:

lol

Anonymous

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Anonymous Wed 30 Jun 2021 05:02:26 No.13341001 Report

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