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Why would anyone use CBDC?

It’s like cash but worse. They can block it, control it, and Manipulate it much more easily. The whole idea behind a cryptocurrency is to move away from a centralized currency so having a CBDC would be exactly what it’s trying to avoid.

The ability to mint LEO has now effectively been destroyed

Now, every single LEO that gets burned is a reduction on the 30M supply. You can track that on Hive-Engine/TribalDex (and soon, you'll be able to see the real Arbitrum native LEO supply and burns on LeoDex)

This was a critical step in the LEO 2.0 plan. Where inflation is not only turned off (the old LEO 1.0 model) but now it can never be turned back on, since the ability to mint new LEO's no longer exists

doooooood lol absolutely epic

Told you guys LEO 2.0 would be fun

You should have recorded the screen when you sent it to null LOLOL That would have been the greatest GIF in history.

haha darn missed opportunity

It was all pre-programmed though lol it was waiting on an issuance

Maybe we can backdate a meme

Epic stuff man. Regardless, a good day for Lions.

NO MORE LEO INFLATION!

The only way is trading. Perfect plan for a booming LEO.

But that won't stop earning the tokens via threads, right?

Yes, those reward tokens will be from market.

Okay. Thanks.

So this means people can no more earn LEO via threading and blogging??

Monday Monday!

What are we working on for this glorious day??

Moar $LEO ?????

Earning more Leo since I don't have the finance to buy them.
Great week ahead.
!BBH

Likewise!

Let me curate this one, so, it counts as participation. LOL

Thank you. 😅
!BBH

Moarday 😆
!BBH

Best day of the week!!

MOAR ROAR 4 SHOAR!!! 🤣

Why is Elon Musk talking about forming a new political party, is he planning on becoming the next USA president?

he can't. not born American. unless the laws change, you have to be a born citizen to be prez.

Besides, everyone knows shadow government puppeteer > POTUS

I think he wants to be one of those guys who pulls all the strings from behind. But I don’t think he’s patient enough to do it effectively. He’s more of a spearhead than a puppeteer

What's the need for trying to form a political party.

Shift votes around like rearranging deck chairs on the titanic

Because both current parties are basically the root of all that is not working in America, they are the same bunch of cronies, just disguised under two colours

uniparty bad

He could just nominate George Clooney and it will be elected xD

Elon Musk says his new political party will support bitcoin: 'Fiat is hopeless'

Can someone advice him to leave crypto alone and face his Tesla?

hahaha! Does Musk need an advice? He is always out for crypto

1/🧵

#outreach #threadstorm

Minimalists always try to keep things simple because they find the beauty and peace in simplicity. It can help them make life easier and gain mental satisfaction with less trouble.

2/🧵

It influences the decision-making ability, desire, and connections of a minimalist. Overall, it helps a minimalist to be a better self, making the right choices.

3/🧵

#gosh

I have written a post about it and I hope you will enjoy reading it. I am inviting you to read the post.

https://inleo.io/@intishar/minimalism-shaping-me-into-a-better-self-ate

#rethreadstorm Ghetto sauna

About to hop in for my first try on the new sauna a bit more powerful steamer and also has an infrared light in the ceiling for some extra cooking and other healing properties

https://inleo.io/threads/view/bitcoinman/re-leothreads-2pqt59wgs

#grindsquad #duo #dook #aideep

Yeah yeah #grindsquad... you are grinding the sauna? Actually you are looking relaxed so the sauna must be good. 😅
!BBH

No, I'm not grinding the sauna. I'm grinding in the sauna believe it or not, I have some of my best brainstorming sessions with AI from inside there. Hands-free

!DUO !DOOK


You just got DUO from @bitcoinman.
They have 1/1 DUO calls left.
duo_logo
Learn all about DUO here.

I’ve only ever been in wood saunas. They have sauna tents at some parties here but I’ve yet to go in one

oh it's awesome and my second unit , I was the same never did the wet sauna but if you want something smaller and portable and way cheaper this is the route and it works very well

life is beautiful, we all should enjoy it while we can #life #hive #motivation

True, life is not a destination, only to be enjoyed at the end. It is a journey full of people, places and things to explore, so enjoy the ride.

Oh boy oh boy....If you weren't bullish yet lol

Hundred of millions of potential $LEO just went....POOF.

Where did they go to?

to @null

Burnt I guess?

yup, no one can create anymore LEO ever now.

Honestly, I don't know how I can sleep tonight. The coldness that's here this night is more than freezing level.

Proof that no new LEO can be created. Here, we tried to manually mint 5 new LEO

The custom JSON went onchain but Hive-Engine invalidated it because the max amount of LEO has already been issued

OMG !

What is this ???

900 million went poof?? lol

We destroyed the ability to mint new LEOs (we can't reduce the supply of LEO on Hive-Engine, but we can burn LEO to @null up to the max cap (1B was just a random hard cap imposed by HE in the early days)

Now if you try to mint any new LEO, it gives an error

Insane 🔥! I imagine you laughing like a mad scientist as you push a big red button
c

We just destroyed the ability to mint more LEO

Absolute LEGENDARY stuff right there!

LOL Wait a minute.....What's going on??

Wait, what? Is that 900M $LEO burned in a few minutes? Now, I'm wondering where that came from.

how does that even work? I thought there were 32 million

POOF !

True poof

We just destroyed the ability to mint more LEO

Perhaps, no tokens were burned today.

Or perhaps all ;)

Burn mechanism will make LEO very scarce. That certainly will make a gem 💎 to hoddl. Great strategy!

$LEO is now 100% issued on Hive-Engine

This means that 0 LEO can ever be created. If @leo.tokens were to try and mint LEO, it would kick back an error. It is physically impossible

The max and circulating supply of LEO is now 30M Tokens. It can never be higher

Well, I just burned 1 LEO to prove it. Now the max LEO that can ever exist is 29,999,999

Every LEO that gets burned from here on out is a LEO that can literally never make it back to circulation

This is insane to me lol In a very good way.

So is there anything in the LEO eco system that is burning tokens now as well? I saw some things get sent to null earlier, but is this a thing going forward?

Haha yes there are a few things:

  1. the main mechanic in LEO 2.0 is that 100% of bridging revenue (bLEO, pLEO, heLEO and LEO) burns LEO. So if the fee is 2% and 100k LEO gets bridged in a month, that's 2000 LEO that is burned
  2. secondary mechanic is that a % of the SIRP is burned organically - we've left the mechanism in place where if someone posts from any frontend that isn't INLEO but their content earns LEO, then that earned LEO is sent to @null (automatically burned)
  3. a 3rd organic mechanism is the community. I've seen @onealfa voting posts that send their rewards to @null (like the @buildawhale posts for example). So any rewards earned there also get sent to Null. If anyone sends LEO to null in any way, shape or form then the LEO is perma-burned and can never return

Oooooooh that second way is super slick....So even if people post content via PeakD, the LEO earned goes to null. I like it.

Man, if this stuff doesn't absolutely moon now...I will lose hope in humanity lol

I am much curiuos, if these 30M covers 7.4M wLEO tokens, wrapped and pooled on wLEO-ETH pool on Uniswap?

https://debank.com/token/eth/0x73a9fb46e228628f8f9bb9004eca4f4f529d3998/overview

LP's need to stay in the LP until we fix that

If anyone withdraws early, they'll realize the slippage and we are trying to avoid anyone doing that

Stay in the pool and the geyser will be paid alongside the pool being properly balanced

But, how did you permanently dried out rest of unpublished LEO from H-E?

By issuing them all to Null

1B was the old hard cap. This was just a random number. Actual inflation was controlled by the rewards pool

Now that there is 0 inflation, there is 0 need for the ability to mint LEO. So by minting all outstanding LEO up to the hardcap, we've made it physically impossible to mint

Just wondering if this is why leo.bounties' payout for HP delegation has been so hit-n-miss for the past week?

#news #texas #flooding

Texas Faces More Floods as Death Toll Hits 91

More rain looms as crews search for the missing in central Texas, where deadly flooding has already killed at least 91, including children at summer camps.

With more rain on the way, the risk of life-threatening flooding was still high in central Texas on Monday even as crews search urgently for the missing following a holiday weekend deluge that killed at least 91 people, including children at summer camps. Officials said the death toll was sure to rise.

The White House updated the death toll to 91 on Monday afternoon.

Residents of Kerr County began clearing mud and salvaging what they could from their demolished properties as they recounted harrowing escapes from rapidly rising floodwaters late Friday.

Reagan Brown said his parents, in their 80s, managed to escape uphill as water inundated their home in the town of Hunt. When the couple learned that their 92-year-old neighbor was trapped in her attic, they went back and rescued her.

“Then they were able to reach their toolshed up higher ground, and neighbors throughout the early morning began to show up at their toolshed, and they all rode it out together,” Brown said.

A few miles away, rescuers maneuvering through challenging terrain filled with snakes continued their search for the missing, including 10 girls and a counselor from Camp Mystic, an all-girls summer camp that sustained massive damage.

Gov. Greg Abbott said 41 people were unaccounted for across the state and more could be missing.

In the Hill Country area, home to several summer camps, searchers have found the bodies of 68 people, including 28 children, Kerr County Sheriff Larry Leitha said.

Ten other deaths were reported in Travis, Burnet, Kendall, Tom Green and Williamson counties, according to local officials.

The governor warned that additional rounds of heavy rains lasting into Tuesday could produce more dangerous flooding, especially in places already saturated.

This is unfortunate.

🧵/1 What if the internet goes off today? What can your hands do? Do you have a skill?

#outreach #threadstorm #makeup

🧵/2 After graduation, job hunting failed me. I chased my passion for makeup, trained professionally, and turned it into income. Now I’ve relocated, but my skill still follows me everywhere.

🧵/3 Even if the world goes silent, my hands will still speak for me. Click the link below to read more

https://inleo.io/@eunice9200/this-skill-became-my-escape-plan-2wd?referral=eunice9200

Some communities on Hive is just a turn off.

Haha. Tell me more. 👂👀

No further comment but if you've been moving around some communities, you'll understand.

It's good to see new Lions and old-time Hivers on INLEO since the launch of LEO 2.0. That means they have a level of trust for what's coming.

#leo2 #cent

It makes sense for Dash to have a dedicated wallet (DashPay) because it overwhelmingly provides a better experience than other Dash wallets:

-Usernames
-Contact lists
-Encrypted metadata
-Privacy
-Spending tools
-Actually killer UX
-Actual focus on being a spending wallet

Other wallets won't yet provide anything close to this, so we need DashPay.

With THORChain (a network whose value is strengthened by supporting as many chains as possible), I can't think of a single thing, other than no affiliate fee, that a dedicated interface could provide.

My opinion: don't waste effort on a vanity feel-good service, just double down and make the core protocol as good as possible.

#dash #crypto #thorchain

Really an impressive wallet with feature-rich built-in functions that provide convenience to the users.

Highlighting two points: one, a notable industry figure is exceptional, and two, a prominent exchange is once again bypassing substantial trading revenues from $HYPE... remarkable 😂

Quoted content:
"One entity asks, 'Why doesn't anyone

take crypto seriously?'
Then: 'We're not including $HYPE—the most successful crypto project in the past five years with the highest revenue and strongest tokenomics.

Just trade memes here!'"

Meanwhile, JPM enables clients to trade GS stock. Suggest superior assets.

Is enthusiasm for AI genuine if it doesn’t extend to engaging with $AVA and $MIRAI?

#rethreadstorm First world power problems

And we back baby. And also I guess I should let you guys know what happened. Two fat fuses blew in the hallway for my unit. I don't have access to them anyway. We got better fuses now and I'll try to not overload my circuit so much right behind me is is the thing that's partially responsible. Well beside me it's my latest sauna !

#grindsquad #duo #dook

https://inleo.io/threads/view/bitcoinman/re-leothreads-2nwoyyy5z

Apologies everyone. The bullish privy had been accumulating $AVA and $MIRAI.

"To address all conspiracy theories: a third-party provider is used for wallet integration. Recently, it was confirmed that ledger support has been added.

Initially, the wallet provider did not offer support for ledger, and nothing could be done at that time. Following this, work began on both holoworld and hololaunch.

Given holoworld's additional complexity with AI, 3D, contracts, and more, ledger integration was implemented a bit later than on hololaunch—first on hololaunch and then one day later over the weekend on holoworld.

There was no malicious intent or bias involved; it was simply a technical issue."

So, this crossed my mind, and I would love to know your thoughts. 👇

Since "Day" has Day and Night in it, should it still be called Day? And if it is called "Day", what about the Night in it?

#cent #dayandnight #day #night

We already have USDT, USDC and other Blockchain based stablecoins, why would we need CBDC?

You were 64 in rating what happened to it?

I have asked that earlier today and some people said they see 65 on their end and on other frontends. I don't know if it's a visual bug on inleo.

You are 65 on Ecency? Maybe InLeo node issue still prohibiting some user data.

Another 350 $LEO sent to @null today. The total keeps growing.

It's keeps growing.

That is true. Once burned, the total will never go down.

About to be a much larger amount

Well that ends the inflation. Now we have to burn $LEO each day.

I am setting my beneficiary to null on each post.

I am not really sure everyone really understands...
B...T...F...D...!!!

A decentralized bridge between XRP and other blockchains has yet to emerge—but that's set to change for supporters of XRP. ⚡️

"Big wallet integrations requested XRP, leveraging their swap data to grasp user behavior and preferences.

Strong trading volumes and revenue could spur further demands, with additional solutions delivered by a leading cross-chain protocol."

100% of LeoDex's affiliate fees flow to LEO stakers as $USDC on Arbitrum, paid daily

Want to earn your share of LEO before the staking contract goes live? Swap2Earn in this one-time volume-based airdrop to early users of LeoDex ⚡️🦁

This early bird program is really interesting.

Interesting, this is something capable of bringing more eyes on Leodex.

As of right now, there are exactly 30M LEO tokens in existence

I'm about to burn 1 LEO to show you what happens now that we've destroyed the ability to mint new LEOs

You are basically reducing the 30M to 29.999999M.

SEVEN zeros !

How this is even posible?

Where previuosly burned tokens are gone?

#feedback

Nobody can touch the LEO that is in null

It's a burn address

Any previously burned LEOs accounted to the total. This was all pre-programmed (hence why I always said there were only 30M LEO left)

Once that last LEO got burned, now the real burning can begin

Interesting mechanics.
1 LEO burned by Khal shows in null's wallet.
But 69M burned 10 minutes before - did not changed the wallet's content

The funny thing about Hive Engine is @null wallet "holds" all the tokens that were "burned". On Hive, if you burn Hive/HBD, it is actually wiped out every block so it really doesn't exist, but that's not true with Hive Engine.

Loading...

That's not true

The 69M burned before was burned. That's where the 970M comes from

970M = 69M - 800M - 100M + the LEO that's been burned the past 6 years

A lot to unpack from this.

You're right. So much more

ok, thanks for clarifying this

What confused me was those trailing 7 zeros..... literaly hiding the tokens burned in the last 6 yers

Loading...

What did Italian job seeker for chef said to restaurant owner.

I don’t need a recipe; I’m Italian!

#jokes

Seems like you have a connection with the LOLZ bot.

!LOLZ

I post news a lot, people get bored, now making them laugh instead. 😁

The punch line comes first.
The worst thing about time travel jokes is…

Credit: reddit
@luchyl, I sent you an $LOLZ on behalf of lordshah

(2/8)

PLAY & EARN $DOOM

Alright. Keep it up.
!BBH

Sweet card pickup from my dad. They produced these from 1909 -1911.

Condition is rough otherwise it could reach 1K or around so.

@ai-summaries has run out of RCs. If anyone have any to spare, please delegate some :) #aisummaries

5T RCs should last a bit ;)

Appreciate the support! 🙏

looks like khal took care of you. I have some to spare if you ever run out.

Done

Is there a way to add users to favourites on InLeo and get notifications when they create a long form post?

Also, is it somehow possible to select what notifications is shown on inleo?
There are comments, even ones created from InLeo, which I don't see in my notifications.

#feedback

The feature is not available yet. Ecency has that feature including categorized notifications.

I know they have the notifications. They also show notifications that are not listed here.
Today I have had quite a few notifications that didn't show here on inleo

1/🧵

Before now, we used to place emphasis on utilities as a major factor for growth in a crypto project, but today's market dynamics has rewritten the script - Attention has become more important than utility.

#threadsorm #outreach

2/🧵 The success of any crypto project in today's market depends on how much attention it gets, not utility, not white paper, not technology.

From my garden. Fresh maize.
#thread2earn #photography #garden

Do you farm?

Yes, a small space in my compound.

Live while you can, and make the most of every time you have. Nothing is guaranteed in life.

#thread2earn #lifetalk #tipsonleo

At least I can breathe freely. Air is guaranteed. LoL

Not 100% because it's usually polluted, which can cause harm to lives.
!BBH

6,7,8,9,10...

I posted some music videos last week but got notifications of conscript not found. Why is it so?

There has to be a transcript on YouTube. Music videos do not have that on YouTube.

The transcript is pulled and fed into the AI, which produces the summary.

Okay, so no need posting music videos.

Well you can do that because they will be on InLeo and people can view them when the recommend engine goes live. But to help the database, music videos arent a help.

Someone said;

Life is a moving train heading for a collision. If you stay, you crash. If you jump off, you crash.

I ask;

What should one do then?

#thread2earn #lifetalk

Stay and enjoy whatever ride is left!

Even if it means crashing at the end?

Well everyone crashes at the end so yep! Better than crashing sooner...

Everyone has their own answer to it I guess. Or, do they?

Of course they do.

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