[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]

2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

File: 1.70 MB, 2048x1026, metawhaleio.png [View same] [iqdb] [saucenao] [google]

28173441

BTC Killer Tue Feb 9 02:50:04 2021 No.28173441 [Reply] [Original]

Alright guys I present to you the first actual real BTC Killer: mwBTC

This token is designed to market buy BTC and burn it forever. And a % of that BTC is sent to a reserve that we can all claim at the end of the cycle.

You heard that right, buying the token now basically makes you a owner of a % of the reserves. And instantly a millionaire when the cycle resets and restarts.

The token has been live for 1 day and already bought 0.7 btc, roughly half was burnt and half was sent to the reserves. Now let's do some quick math.

0.7*365=255,5 btc

That's roughly 128 btc taken out from circulation forever, and 128btc in the reserves which by current prices, the reserves would be worth 6 million.

But we know that BTC will pump a lot more, so the value of the reserves will exponentially grow with it.

But here's the bottom line, ideally, if the volume increases, a lot more btc will be market bought, and a lot more btc will be burned forever. Burning btc at a steady rate for years, we'll have a drastic impact on the price.

And you can't shut down the smart contract.

Conclusion: This token makes BTC even more scarce and makes you even wealthier. As only the holders will be able to clame those rare btc's from the reserves.

www.dextools.io/app/uniswap/pair-explorer/0x04d42f3bc1566341bf6253a4c0ded60d2faf47b1
https://metawhale.io/#/asset/renBTC

Welcome to MetaWhale. Crypto will never be the same.

>>	Anonymous Tue Feb 9 02:50:46 2021 No.28173481 >>28173441 just bought 100k

>>	Anonymous Tue Feb 9 02:52:14 2021 No.28173561 File: 83 KB, 683x540, 1611896439414.jpg [View same] [iqdb] [saucenao] [google] >>28173481 How did you reply so fast

>>	Anonymous Tue Feb 9 02:52:27 2021 No.28173569 File: 52 KB, 600x882, IMG_20210208_210103_552.jpg [View same] [iqdb] [saucenao] [google] >>28173441 Fuck off you disgusting cunt. All is shit Poo poo pee pee solution to shitcoinname with pooprotocol. Solution for solution without a fucking problem.

>>	Anonymous Tue Feb 9 02:53:31 2021 No.28173617 >>28173561 Paid shill. Simple as. Or a bot. Nowadays nothing is left without prickery.

>>	Anonymous Tue Feb 9 02:53:59 2021 No.28173645 >>28173569 Did you even read anything ? If the contract is buying bitcoin and can't be stopped, that means it will buy bitcoin forever. That's not a problem ? IT WILL BURN BITCOINS UNTIL THE END OF TIMES

>>	Anonymous Tue Feb 9 02:54:48 2021 No.28173684 >>28173441 >>28173561 OP, when you turn your phone’s wifi off and same fag, remember to reset your proxy DNS and MAC filter.

>>	Anonymous Tue Feb 9 02:55:19 2021 No.28173711 File: 309 KB, 785x757, Sneed.png [View same] [iqdb] [saucenao] [google] >>28173645 Sneed. Didn't read.

>>	Anonymous Tue Feb 9 02:57:26 2021 No.28173811 File: 28 KB, 402x718, photo_2021-01-31_07-50-23.jpg [View same] [iqdb] [saucenao] [google] >>28173684 I'm not samefagging, retard >>28173711 retard

>>	Anonymous Tue Feb 9 02:57:56 2021 No.28173841 >>28173441 >the value of the reserves will be so huge you’ll be a millionaire just by holding a portion of it >the token is designed to burn this same exact equal value, thus halving your gains

>>	Anonymous Tue Feb 9 02:59:39 2021 No.28173916 >>28173841 Op is retarded

>>	Anonymous Tue Feb 9 03:00:50 2021 No.28173954 >>28173841 Are you retarded ? If you were to burn half of the bitcoin supply, the ones existing would double in value. The value would not be cut in half.

>>	Anonymous Tue Feb 9 03:03:32 2021 No.28174093 >>28173441 Why would it burn it? Just to up the value also how does it buy it with people investing in it?

>>

Anonymous Tue Feb 9 03:03:38 2021 No.28174098
File: 486 KB, 600x737, 52e.png [View same] [iqdb] [saucenao] [google]

>>28173954
Your buttcorn is worthless. I need to convert this shit into so much hated fiat just to buy something.
It's neither
>store of value
>digital gold
>p2p cash
>digital money
It's shit.
Also I own some, so please remember to cope, seethe and dilate.

>>

Anonymous Tue Feb 9 03:05:27 2021 No.28174178

>>28174093
"What is MetaWhale BTC?

All MetaWhales start from the assertion that most cryptocurrency tokenomic models are flawed and vulnerable. We didn’t get distracted by fancy trends and/or utility tokens. And so we didn’t lose focus on what’s really important since the inception of Bitcoin. That is: the evolution towards a fundamentally solid and superior monetary policy applied to decentralized value. MetaWhale carries on the discussion where Bitcoin and the majority of the crypto space has left it off.

MetaWhale BTC is a new paradigm in elastic supply tokenomics. It employs a self-renewable deflationary monetary policy that’s backed by self-filling reserves of tokenized and redeemable Bitcoin. MetaWhale BTC integrates the category of Burning MetaWhale as it establishes its value from its reserves of tokenized Bitcoin and also burns it in an attempt to accelerate the implosion of Bitcoin."

You can read more here >
metawhale.io/docs/METAWHALE/MetaWhale_BTC

This is super interesting stuff imo

>>

Anonymous Tue Feb 9 03:07:18 2021 No.28174266

>>28174093
>>28174178
Copied the wrong part

"There are many reasons why someone would want to burn Bitcoin. Some people would like for it to appreciate faster because they themselves hold Bitcoin, while some people would like it to implode faster. Our goal is to stimulate the conversation about hybrid monetary policies, which are evolved relative to obsolete models. We’d like to inspire a new era of protocols that can manage inflation and deflation without imploding; protocols that prevent the monopolization of the supply whilst remaining fair to all market participants. There are huge challenges in how to make money move in a deflationary system, and we believe there are many ways to do it."

>>	Anonymous Tue Feb 9 03:13:04 2021 No.28174564 Why the fuck is this shit burning bitcoins for what purpose you niggers

>>	Anonymous Tue Feb 9 03:16:39 2021 No.28174739 >>28174564 reminds me of temple OS.

>>	Ox Tue Feb 9 03:18:54 2021 No.28174838 did you really think tsla pump btc price .. was metawhale launch yesterday but conspiracy cover it very well

>>	Anonymous Tue Feb 9 03:19:43 2021 No.28174887 >>28174838 wait wat

>>

Anonymous Tue Feb 9 03:21:09 2021 No.28174946
File: 1.19 MB, 1460x924, Screen Shot 2021-02-09 at 2.20.39 AM.png [View same] [iqdb] [saucenao] [google]

You're trying to create some kind of feedback loop that destroys bitcoin?

I don't get why anyone would want this token. Is it retarded, or do I not get it?

>>	Anonymous Tue Feb 9 03:22:38 2021 No.28175008 >>28174946 It is designed in a way that you can claim the bitcoin reserves. And then it resets the cycle. Filling them up again, and you, owner of mwBTC, will be able to claim them again.

>>	Anonymous Tue Feb 9 03:27:22 2021 No.28175249 File: 96 KB, 500x500, 1610117315299.jpg [View same] [iqdb] [saucenao] [google] personally, im all in i like the coin

>>	Anonymous Tue Feb 9 03:39:12 2021 No.28175880 What is dis? why would any of this work and why I should putt a 200$bag on it?!?!

>>	Anonymous Tue Feb 9 03:46:44 2021 No.28176265 File: 41 KB, 474x474, 1604567010419.jpg [View same] [iqdb] [saucenao] [google] >>28175008 So you send it money, you get a token. It buys btc and burns some/ keeps some. This doesn't work when trading tokens? This falls down instantly?

>>	Anonymous Tue Feb 9 03:47:44 2021 No.28176307 >>28173441 post hands

>>	Anonymous Tue Feb 9 04:06:45 2021 No.28177228 >>28173441 >6 million dollars were burned in the mwBTCaust