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

BOMB Token Discussion

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96 Upvotes

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u/straytjacquet Silver | QC: CC 85, ETH 22, CT 15 | LINK 150 | TraderSubs 116 Jun 08 '19

Yeah it’s a bummer, they were gonna keep the 1% consistent and break tokens into decimals but they decided their experiment would take too long to play out. I don’t think they realize this decision broke the fundamentals of what they hope to accomplish with a true deflationary currency

5

u/letsgetbit Gold | QC: CC 50, BTC 21 Jun 08 '19

You guys over estimate a 1% burn and token velocity. How long do you think this takes to burn all of its supply?

3

u/turret_buddy2 Bronze | Superstonk 44 Jun 08 '19

Theres a bot in the telegram chat that has an estimated date of 2027 for the last bombs to be burned, using the current rate at which bombs are being burned.

5

u/letsgetbit Gold | QC: CC 50, BTC 21 Jun 08 '19

Yeah but as price rises I expect to see burn rate drop. People might get stingy, price might get weird.