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Dwayne 'The Jock' Ronson
@dwayne
I'm actually not yet sure if burning is a good idea. Could be, just not sure and am open to it. 1) Suboptimal from a vibes/ethos standpoint 2) Signals somewhat of a desperation i.e., needing the price to go up AND it not going up 3) Less to distribute and grow the network https://warpcast.com/ripe/0x3f238ac4
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nicholas 🧨
@nicholas
i disagree on this one. burning is the easiest way to do a fair distribution to every remaining holder. its also sorta like that one james bond where the bad guy plans to irradiate fort knox to increase the value of the rest of the gold supply. but, you know, safe and without collateral damage.
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Dwayne 'The Jock' Ronson
@dwayne
i mean yea, i get that all else equal you necessarily increase the value of tokens if you deflate (burn) the supply. the math maths. just wondering about everything else i mentioned. > "fair distribution to every remaining holder" what do u mean here? increase the value of tokens of current holders? by increasing distribution, what i meant was being able to give higher to more people and bring them into the network with skin in the game etc. not a new idea, jacob was a big proponent of increasing supply for this reason (tho context was NFTs i think).
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nicholas 🧨
@nicholas
increasing supply to enable incentives also makes sense. inflation and burning are complementary. token sinks like mints that drive burning balance inflation.
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Dwayne 'The Jock' Ronson
@dwayne
that makes a bit more sense to me, makes it feel like an economy, which is partly something we're trying to create. but we don't have an inflation mechanism so 🤷 lol
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