People will say "you don't understand" or "stop the FUD" The reality is blockchain technology was created with the idea of decentralization to prevent exactly this (centralized control). Burned tokens shouldn't have been added to circulation again, there is no honoring what the community wanted. Think about it, if you don't own as much as they do, then community vote doesn't matter. In order for CRO to hit $1 a market cap of 100 billion would be needed, before the supply was increased it should have been 30 billion. That move should be considered marked manipulation as the more supply you have the less valuable the asset is, also your fully diluted market cap goes to crap because of this. Great job on calling this out, and it was obvious that @kris was not going to defend it and simply just block you. Cro = no community voice. How did the community benefit from this?
Did the staking rewards increase?
Did the community receive an airdrop?
Was there an explanation provided of the reason it was needed?
People need to be objective, the $1 price got 70% further away . . .
Very interesting discovery indeed. Many questions come to mind. Disrupting Earth's electromagnetic field could have many negative effects. It could make the planet susceptible to cosmic radiation, solar flares, affect navigation and more. Ideally we would measure real-time the overall "supply" to avoid crossing the point to return. Imho
The total supply for XRP is 100Billion, in order for XRP to hit $1k the market cap would need to be 100Trillion USD. Unless no more XRP is released from escrow, not truly possible. Also depends on the escrow releases (amounts, demand, etc.) People need to be objective. For XRP to hit $10 USD a 1Trillion market cap must be reached 🤷
@ShytoshiKusama@Cointelegraph Shy, will the narrative for crypto in the US change for Shib? Grayscale posted about the crypto projects they are considering onboarding and Shib is not there. In the past, Shib was mentioned in ETF criteria as an example of tokens meeting certain requirements to be listed.
@LucieSHIB Mmm, so, upon reading the Treat publication, looks like CCIP is really to allow people to buy Meta verse land through different blockchains. But there is nothing about Shib burning mentioned. How come? Also, will Treat be obtainable the same way (CCIP)?
Out of curiosity, how will multichain fragmentation be resolved? What do I mean by this, let's say you have 20% of the circulating Shib supply staying in Ethereum, while you have investors/techie people moving between BNB with let's say 20%, solana 25%, heck Let's throw XRPL into the mix with the remaining 35% of the supply. How will the liquidity for the "crossed tokens" be handled on the new blockchain home? What happens if everyone decides XRPL is the chain to be in and majority of the supply simply migrates? What will shibarium offer to make sure people always select shibarium? Liquidity must always exist in order for the token to be exchanged, how will there be a liquidity pool on each blockchain? Is there a "blockchain abstraction layer" being built or would there need to be a "chain link controlled/centralized" liquidity pool of some sort that would also translate liquidity for the tokens moved? Legitimate questions here . . . back to original fragmentation comment, if the liquidity pool issue is not addressed, it could result in price discrepancies, high slippage, and even price reduction due to liquidity issues. If the liquidity gets split between chains people may end up losing a lot or getting stuck on one blockchains VS another. Now, on a perfect scenario, crossing blockchains as long as there is an abstraction layer to prevent investors from having to understand the back end could be very enticing, imagine any wallet on any chain having access to Shib (not a token called Shib on sol, blah blah), simply Shib, that would be interesting potentially causing the price to increase. But here we discover another issue, burns may stagnate, if there is enough supply on the blockchains people are buying (let's say solana) then there is no need to cross chains and no burns should take place as a consequence. In any case, I'm really interested in hearing about the implementation and solutions (I gave you a couple here :D) to these scenarios.
@gunsnrosesgirl3 Privacy screens sound nice, however, if you use biometrics to unlock, more than likely you will have to say "bye bye" to that feature as it won't work with it. So, your choice . . . just be aware.
Feg is shit, a total failure, too many contracts, the hacked exchange (fegex), the Rox failure, they did not do the community right. There should have been air drops so that people did not have to pay gas fees and stuff. Believe me, I've been around long enough and saw all failures. The dev back then was very talented, probably one of the most technical I've seen, but the project is crap. Don't believe me? Here are some of the contract addresses. The deployer wallet had a lot of suspicious tokens. DYOR! Big red flag! You may want to reconsider where you put your money! NFA, do your own research! Note: See all the holders left behind for each contract . . . See the screenshot for a token that even etherscan labaled as misleading people, see how many users affected. Red flag after red flag!!!! People, wake up!!!
Deployer wallet:
Feg old contract:
0x091c6317Df97e1Fc9973A5E9a39E8A7fC727BfBe
Feg staking: 0x091c6317Df97e1Fc9973A5E9a39E8A7fC727BfBe
Feg another old contract:
0x6b9BD903ed0A7FA98cA17Eb8AF374de01535b501
Feg another old:
0xf786c34106762Ab4Eeb45a51B42a62470E9D5332
ROX:
0x091c6317Df97e1Fc9973A5E9a39E8A7fC727BfBe