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RE: Oracle Consensus & Burn Tokenomics

in LeoFinance3 years ago

Interesting project but this system is completely different (other than sending tokens to @null).
I'm not trying to come to consensus.
Hive has already come to consensus and is generating the blocks required for Magitek.

It is good to know that others have tried burning tokens to create value.
I may have to look at what they've done to see if they implemented any interesting ideas.
But for now I have so much work to do already that it's hard to think about upgrades.

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I got you. But yeah, if you have time, it would be interesting. Basically, they generate future tokens based on the ones that you burn. Burning becomes almost like mining, the more you burn, the more you generate in the future, which creates some very interesting tokenomics challenges, like how current supply is shrinking, but it is guaranteed to expand in the future. It's getting to the "mindfuck" level pretty fast.