/biz/ - Business & Finance

[Anonymous No.21886324]

I just had an idea about a coin that can theoretically only go up. Selling wouldn't dump the price.
However my guts tell me it can't be that easy.
What do you think would happen to a coin that can only pump?
What would happen? Where's the trick?

[Anonymous No.21886347]

Think about this again, for a bit longer this time.

Then realise why this wouldnt work

[Anonymous No.21886349]

>>21886324
I think you're a retard

[Anonymous No.21886430]

>>21886324
no one would be able to afford it and the liquidity would sink to 0

[Anonymous No.21886515]

>>21886324
The trick is that you own 66% of the supply and betray your investors every 2 weeks

[Anonymous No.21886548]

You want to create a coin with 100% burn?

[Anonymous No.21886559]

>>21886430
>no one would be able to afford it
Coins can have many decimals. I get that after a lot of time, say years, no one would be able to even afford the lowest decimal. However i could easily fix this by coding a cycle system in the smart contract, where after the pump phase there is a "correction" phase where dumping affects the price negatively like for any normal coin, but not much to avoid mass selling.
>liquidity would sink to 0
How so?
>>21886515
Smart Con

[Anonymous No.21886578]

>>21886548
No kek. I would really like to discuss this more in depth but i don't know if that would be a good idea. I've already started something on Solidity, don't know where it will go.

[Anonymous No.21886585]

>>21886324
What’s a market?

[Anonymous No.21886858]

>>21886585
People would still buy and sell.

[Anonymous No.21886874]

>>21886324
I'll give it to you straight, chief. You are retarded.

[Anonymous No.21886880]

Why would a deflationary spiral be bad for an asset whose only use is speculation? It's not the same for a fiat currency

[Anonymous No.21886894]

>>21886515
FUCKIN KEKED

[Anonymous No.21886895]

>>21886324
>guys i want to like, uuh, make an infinite money coin
>heh lol
> like but
>seriously dudes how do we do this lmao

[Anonymous No.21886905]

>>21886324
Theoretically Statera is only supposed to go up. You’ve created a deflationary token it seems and they usually end in failure due to lack of demand.

[Anonymous No.21887062]

>>21886895
Imagine the demand for X asset is constantly growing. If there's more demand for it and supply remains constant or decreases, the price of the asset will go up. But when there's less demand (people selling for example), that would mean an excess of supply and too low demand therefore inflation and price drop.

So, when there is less demand, there's an excess of supply causing a price drop, but what if every demand decrease is met by a proportional supply decrease too?
That would mean that every buy order would increase the price (increased demand) but sell orders would not necessarily dump it, since every sell order is met by a proportional negative rebase. Therefore, the only thing the asset could do is keep the price stable or go up? Where am i wrong?

This can't happen in real life, you can't just decrease the total supply of an asset at will (and also its not like a infinitely deflationary currency is desirable for any use other than speculation). However, with crypto its a different thing. You can rebase and change the supply

[Anonymous No.21887489]

>>21886905
>Theoretically Statera is only supposed to go up
Not really, burnt tokens do not necessarily have to go up, not even theoretically. Statera's price can drop when there is less demand (people selling). The 1% burn does not matter. It is negligible, in this case as you said, demand matters much, much more. The market doesn't give a fuck about a 1% burn when everyone is selling. All of those tokens fail, and by the way Statera is just a copy of dozenz of other tokens that existed before, like BOMB, Nuke etc, tokens whose only feature was that 1% burn.
However, if i am not wrong in this >>21887062 post, selling this hypothetical token wouldn't negatively affect its price. Only the quantity equilibrium would change, but not necessarily the equilibrium price. Kind of looks like it has an advantage towards other "deflationary" tokens. Perhaps a better way of actually making deflationary tokens. And you could adjust the decrease in total supply not proportional to demand fall, but maybe to some specific ratio, say 10-9. That would allow a decrease in demand to affect the price, but not much. You could cycle this

[Anonymous No.21887535]

>>21886324
Are you talking about SUTERUSU?

[Anonymous No.21887782]

Bump

[Anonymous No.21888699]

>>21886324
This is the coin HEX. That’s what we’ve been trying to tell you. PUMPAMENTALS