The world’s first self-destructing currency turned one month old this weekend. The last thirty days have been nothing short of an…
Some new cryptocurrencies are fighting inflation by relentlessly burning their token supply. Is this a viable strategy?
In this post, we would like to introduce you to two coins that could not be more different, and which have maximized their philosophy.
The intention is not to be used for day-to-day transactions, but rather as a decentralized hedge against traditional inflationary instruments. Through a system of immutable smart contracts and continuous destruction, BOMB is the world’s first self-destructing currency.
Isn’t the only possible end game that this becomes valueless? I mean the only reason something ultimately succeeds as a store of value is because people think it will retain (i.e. store) its ability to be traded – but the fact that some people will inevitably sell something at some point (which destroys indivisible BOMB tokens) means liquidity will dry up – perhaps really slowly but eventually completely.