Meaning he did the right thing, because no one man should have that kind of fukkin power *cough* Elon *cough*
Shiba Inu (SHIB) Discussion Thread
- Thread starter THE MACHINE
- Start date
It means that the coins that he got leftover he destroyed so now there's a finite amount in the world the less coins out there on the market the more valuable it becomes...
Apparently VB posted this
"I've decided to burn 90% of the remaining shiba tokens in my wallet. The remaining 10% will be sent to a (not yet decided) charity with similar values to cryptorelief (preventing large-scale loss of life) but with a more long-term orientation. Covid is a big problem now, but it's important to think about the longer term future too!
Simply holding the remaining coins in the 0xab58 wallet forever was never an option; for security reasons alone they would have to be moved to a better wallet eventually, and any transaction I make would get interpreted as an action. So... may as well just do the useful thing immediately.
I've actually been impressed by how the dog token communities have treated the recent donations! Plenty of dog people have shown their generosity and their willingness to not just focus on their own profits but also be interested in making the world as a whole better. I support all who are earnestly doing that.
But for anyone making coins (or daos, or whatever else) in the future, PLEASE DO NOT GIVE ME COINS OR POWER IN YOUR PROJECT WITHOUT MY CONSENT! I don't want to be a locus of power of that kind. Better to just print the coins into the hands of a worthy charity directly (though do talk to them first)."
Shib gambled and won
"I've decided to burn 90% of the remaining shiba tokens in my wallet. The remaining 10% will be sent to a (not yet decided) charity with similar values to cryptorelief (preventing large-scale loss of life) but with a more long-term orientation. Covid is a big problem now, but it's important to think about the longer term future too!
Simply holding the remaining coins in the 0xab58 wallet forever was never an option; for security reasons alone they would have to be moved to a better wallet eventually, and any transaction I make would get interpreted as an action. So... may as well just do the useful thing immediately.
I've actually been impressed by how the dog token communities have treated the recent donations! Plenty of dog people have shown their generosity and their willingness to not just focus on their own profits but also be interested in making the world as a whole better. I support all who are earnestly doing that.
But for anyone making coins (or daos, or whatever else) in the future, PLEASE DO NOT GIVE ME COINS OR POWER IN YOUR PROJECT WITHOUT MY CONSENT! I don't want to be a locus of power of that kind. Better to just print the coins into the hands of a worthy charity directly (though do talk to them first)."
Shib gambled and won
But the price is dropping?
Gonna be a wild fukking year if they can blow this shyt up...
Wild is an understatement.
This one will be one for the books.
Can't wait for reddit to have a literal meltdown over a "shytcoin" they gonna be so fukking mad!!!!
Cant wait...