Someone said:  Why don’t you hand over Cardano’s management to those who really have the courage to burn?

Community response:  Alright, let’s have a chat about this. First off, could you please explain your position on why burning tokens is a must-do?

Yes, come on, first because ADA is turning into a stable coin.  Second, it has been losing space to others, example BNB, which does exactly what? Burn! AVAX and Solana are coming with everything supply Infinitely smaller.  Third, the community owns the coin, and 80% of it wants to burn.

How is ADA turning into a stable coin? Losing space? You mean market cap ranking, in which case welcome to the Altcoin world. Explain why you actually need to burn tokens. “Everybody else does it” is a pathetic reason. Get technical please.

I don’t think is a must do, but would surely help spike the price for investors. As less supply = price increase. Hooray for market manipulation.

Cardano’s “management” is with the Cardano community who decide on future plans and projects, hence the word “decentralized”.  If you believe that burning coins will improve Cardano, please state the reasons how this would be beneficial for Cardano.

Burning a token just takes it away from 1. Staking, 2. Catalyst, 3. The people transacting on the network. Improving the 3 of these are what increases the value of ADA, burning tokens damages them and therefore damages Cardano unnecessarily.

We just hit a new ATH like a month ago. Chill. Charles doesn’t care about price action to begin with but also remember the fact that ADA was close to 18 cents on January 1st.

I’m hopeful for another leg or 2 up but I have never paid more than 7 cents for ADA. Stacked way back. 25x up and feeling good.

Anyone can burn their ADA if they want too. I personally feel that IOHK Charles cares more about helping people and making things better for everyone than pumping the price of ADA to make money that is why I hold and stake ADA. There is plenty of pump and dumps out there.

Burning tokens is a pathetic and craven move with zero function other than to artificially pump price.  Only insecure greedy projects do this.

Burning tokens burns the utility. It’s not sustainable in long term. With SC, the tokens become time locked anyway that’s similar to token burn but in a natural way.

A sustainable system does not need to burn tokens. IMO burning tokens is a sign of failure and I hope more than 80% are against burning.

I understand the function is nearly there burn your coins first see how the price moves and buy more.