Which crypto has the best burn mechanism?

[SleezyBigSlim]

Shiba Inu devs had an AMA yesterday and people are pist there was really no update on their burn mechanisms. This got me to thinking what crypto out there has good burn mechanisms that's actually reducing meaningful supply I wonder

 

[Propaganda]

terra luna is good. they burn luna every time they mint UST. and demand for UST has been steadily growing.

 

[Kenny West]

terra luna is good. they burn luna every time they mint UST. and demand for UST has been steadily growing.

Was just reading about that the other day

 

[I Really Mean It]

Volt

 

[Professor Emeritus]

This entire "burn" shyt is just a psy op and people are fukking stupid to fall for it. They're trying to tell users to burn their own fukking money when it won't do jack shyt to affect the actual supply.

Shiba Inu's Burn Portal Rewards Are Not That Hot

Shiba Inu developers want token holders to destroy their SHIB to help reduce supply and boost price, with a head-scratching incentive. Read on to learn more.

www.fool.com

"Since the official burn portal was launched on April 23, 2022 Shiba Inu investors have willingly thrown away more than 29 billion SHIB tokens worth more than $279,000. Now that may seem like a lot, but the current circulating of Shiba Inu is more than 549 trillion according to CoinMarketCap, which means only 0.000052% of that supply has been burned so far. The price, meanwhile, has been cut in half since the burn portal launched -- meaning the price is going in the wrong direction!"




Imagine telling people that we could end inflation if they just went out and started burning some of their U.S. cash.

Or telling gold investors that the price was slipping, and the only thing that could save them was tossing some of their gold into the ocean.

 

[Professor Emeritus]

terra luna is good. they burn luna every time they mint UST. and demand for UST has been steadily growing.

Was just reading about that the other day

‘I lost my life savings’: Terra Luna cryptocurrency collapses 98% overnight

Users of popular crypto forum fear they will become homeless after wipeout

finance.yahoo.com

Man Commits Suicide After His $2 Million Invested In Terra (LUNA) Crashed To $1,000

A Taiwanese man in Taichung City has reportedly committed suicide after losing his US$2 million invested in Terra (LUNA) to the massive crash that played out a couple of days ago. The man died on the 24th of May after falling from his high-rise, luxury apartment tower. According to NOWnews, at 2...

timestabloid.com

How a Trash-Talking Crypto Founder Caused a $40 Billion Crash (Published 2022)

Do Kwon, a South Korean entrepreneur, hyped the Luna and TerraUSD cryptocurrencies. Their failures have devastated some traders, though not the investment firms that cashed out early.

www.nytimes.com

Shell-shocked crypto investors contemplate suicide as currency crashes

Once one of the world's biggest cryptocurrencies, the massacre of Terra Luna made many investors suicidal, while others, terrified for their safety, asked the internet for advice.

www.dailymail.co.uk

8 Confirmed Suicide Due to the $Luna Crash? Sam Bankman-Fried Probed? Why Luna Crashed? Truth & Reason Explained

Investors in cryptocurrencies never expected to have to decide whether TerraUSD (UST) or LUNA would hit $1 first. As the Terra ecosystem disintegrated on Wednesday, that topic became the talk of the crypto sphere. As Bitcoin started feeling the heat of changes in the economy, many prominent...

www.geeksultd.com

A Korean Family died post-Terra Luna Crash; Details

Police recovered the bodies of the missing family underwater and reports state the father repeatedly searched for Terra Luna online...

watcher.guru

Terra victims' statements reveal scale of tragedy behind the numbers

Terra victims give harrowing accounts of their situation following UST and LUNA's crash, with some going as far as contemplating suicide.

cryptoslate.com

 

[Propaganda]

‘I lost my life savings’: Terra Luna cryptocurrency collapses 98% overnight

Users of popular crypto forum fear they will become homeless after wipeout

finance.yahoo.com

Man Commits Suicide After His $2 Million Invested In Terra (LUNA) Crashed To $1,000

A Taiwanese man in Taichung City has reportedly committed suicide after losing his US$2 million invested in Terra (LUNA) to the massive crash that played out a couple of days ago. The man died on the 24th of May after falling from his high-rise, luxury apartment tower. According to NOWnews, at 2...

timestabloid.com

How a Trash-Talking Crypto Founder Caused a $40 Billion Crash (Published 2022)

Do Kwon, a South Korean entrepreneur, hyped the Luna and TerraUSD cryptocurrencies. Their failures have devastated some traders, though not the investment firms that cashed out early.

www.nytimes.com

Shell-shocked crypto investors contemplate suicide as currency crashes

Once one of the world's biggest cryptocurrencies, the massacre of Terra Luna made many investors suicidal, while others, terrified for their safety, asked the internet for advice.

www.dailymail.co.uk

8 Confirmed Suicide Due to the $Luna Crash? Sam Bankman-Fried Probed? Why Luna Crashed? Truth & Reason Explained

Investors in cryptocurrencies never expected to have to decide whether TerraUSD (UST) or LUNA would hit $1 first. As the Terra ecosystem disintegrated on Wednesday, that topic became the talk of the crypto sphere. As Bitcoin started feeling the heat of changes in the economy, many prominent...

www.geeksultd.com

A Korean Family died post-Terra Luna Crash; Details

Police recovered the bodies of the missing family underwater and reports state the father repeatedly searched for Terra Luna online...

watcher.guru

Terra victims' statements reveal scale of tragedy behind the numbers

Terra victims give harrowing accounts of their situation following UST and LUNA's crash, with some going as far as contemplating suicide.

cryptoslate.com

ya, that post didn't age well.

the founder and other certain actors really blew the whole thing up though. greedy and stupid.

that said, algorithmic stablecoins aren't the best. and no one should be investing their life savings into 1 asset, especially in crypto. that is basic, basic shyt. i don't know what the hell these people were thinking.

 

[ADevilYouKhow]

Lmao