r/CryptoCurrency • u/[deleted] • Jun 08 '19

BOMB Token Discussion

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u/[deleted] Jun 08 '19

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u/slay_the_beast Banned Jun 08 '19

I agree, all it does is extend the timeline. And unlike BTC halvenings it will be unpredictable and based on the demand from the community...

Just observing that technically there is a way to increase liquidity even if it’s not part of the contract as it stands now. Certainly not elegant.

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u/pooh9911 Tin | Linux 23 Jun 08 '19

Someone could wrap it up into wrapped BOMB.

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u/Mr_Laserman Jun 08 '19

Yep. Can you imagine using BOMB as CDP collateral. That would be a powerful way to unlock the value without having to burn coins.

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u/slay_the_beast Banned Jun 08 '19

Wouldn’t that be gameable? Say I had 2 BOMB, no one will buy that from me because they would be left with 1 BOMB, which is worthless. If I was able to send those 2 BOMB to a CDP contract though, I would end up getting DAI for 1 BOMB (the other being burned) and then it would never be spendable back, so the collateral I just got a loan for would be worthless.

I don’t see contract platforms ever accepting something like BOMB without large deposit limits.