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RE: Steem Debates #2 : Burnsteem25
Conventional crypto theory usually says burn = good.
Which may be the case but we have never reached anywhere near a critical burn mass to really test that theory.
Conventional crypto theory usually says burn = good.
Which may be the case but we have never reached anywhere near a critical burn mass to really test that theory.
Although it is not the only variable to consider, flaring would work if demand remains constant or increases.
There are very few examples of this, although we could name BNB, however, Binance does its burning every 3 months. As it does? From his profits, he buys back BNB which is sent to the Black Hole.
It should be noted that Binance BNB began burning its token in 2017, but it was not until 2021, when it burned 3,619,888 BNB, that the price began to skyrocket.
By that time, Binance burned over $165 million and will continue to do this until it has burned through half of the initial supply, which was 200 million BNB.
Burning is only one variable in the equation, however, it is curious that BTC does not have scheduled burning nor has any of this digital asset ever been burned.
In fact, I made a publication about it, and with your permission, my dear witness, I will leave the link here so you can know my appreciation.
https://steemit.com/hive-127586/@oneray/por-que-deberia-seguir-quemando-parte-mis-ganancias