Home Altcoins News Burning Cardano (ADA) and Stealing from Neighbor Seem to be Similar

Burning Cardano (ADA) and Stealing from Neighbor Seem to be Similar

Burning Cardano (ADA) and Stealing from Neighbor Seem to be Similar

There is a tug of war between community members who believe that burning ADA will improve the value of the cryptocurrency; however, Charles Hoskinson is not for burning.  This has in turn created obvious differences in opinions among investors.

Burning tokens in a common pool according to Charles is like stealing someone’s coin or TV.

Charles Hoskinson expressed: “Crypto. Enjoy the best and accept the worst. I’ll still never understand the burners. Burn tokens? Who’s tokens? How exactly do I burn them? There is no giant pool of unassigned ADA. Every Lovelace belongs to someone just like Bitcoin. So, who do you want to steal from do you can get a small return? Give me specific people.

Why don’t you go steal something from someone else? How about your neighbor? Just take his TV.

Unedited Response from Different Community Members:  It is better to ask the managers of other coins, such as Ripple, maybe they can guide you. Spend some of the cost of network transactions burning tokens. This has a positive effect on the market, at least psychologically. This act is not theft, but is common in the world of cryptocurrencies, for example, Ripple does not pay for transactions and destroys it. As a result, circulating XRPs gradually decrease over time and prices stabilize.

I’am with ADA since 2 cents. If the price goes down we can give suggestions, It’s not bad at all. Every Ada holder wants the pump. It’s not bad to suggest.

Those who believe there is no point in burning have to tell those who are wishing for a burn thus: Stop whining and sell your tokens.  There are plenty other projects for you to enter instead of Cardano. For example, Doge, Shiba or Cumrocket would probably suit you better.

Cardano is building and that will be the ultimate answer to haters.  ADA went from 2 cents to $3 what are you even talking about?? If you only care about price and return on investment than go find a shit coin under a $1 billion dollar market cap, or wait for the bear market to buy Cardano when the market resets. It’s your job, Not Charles’s.

There are few ISPO you can stake your ADA to earn passive income on top of 5% staking rewards you normally get, Over 100 protocols are building on Cardano currently, future is bright. HOLD your asset.

I believe in IOHK Charles, Cardano and the way they’re changing the space.  Soon, the price will explode.

 

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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