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49499423 No.49499423 [Reply] [Original]

if we burn 1.2% at the current rate we will get through 6.5T coins in 3.5 years. Thats not even considering increased volume based on momentum. Its very realistic. There's this coin called babydoge. It has teconomics of 5% per transaction and or wallet move. The starting supply was 420 quadrillion, and within a year it managed to purge 40% of that supply, granted some was manual burns, but on a slow month it still burns 1 quad per transactions alone, on a busy month we've seen up to 8 quad. I don't think anyone knows what is going to happen and how many transactions there are going to be. I think hope and hype will take this coin up and burns will assist.

>> No.49499610

>>49499423
What's stopping the algorithm to print more LUNC trying to repeg the moment any LUNC is burnt? The algorithm is still on.

>> No.49500261

>>49499610
this

>> No.49500794

>>49499423
*crickets*

>> No.49500821

>>49499610
>>49500261
>>49500794
wow the fudders are really out in force today

>> No.49500854

>>49500821
Answer the question zoom zoom.

>> No.49500925

>>49500821
Asking a relevant question is not fudding.
It’s great that luna has implemented a burn, but It’s also important for the develops to halt printing of new tokens (which was the reason the price went from $100 to 0.0001). It would be great if LunC went up, but rather than jerking off to the moon it would be nice to have an actual discussion of how it will get there, you stupid faggot

>> No.49500936

>>49500925
The minting mechanism has already been stopped.

>> No.49500964

>>49500936
>source: trust me dude

>> No.49500978

>>49500936
Link?

>> No.49501004

>>49499423
>if we burn 1.2% at the current rate we will get through 6.5T coins in 3.5 years.
That is assuming the price stays where it is which it won't. It'll get to 0.0005 max and then crab forever. No one's making anything from this shit

>> No.49501015

>>49499423
I didn't knew people are this retard , I guess after loosing everthing they act like this , kek

At least I moved on after losing in UST , now I am good with staking FUFU

>> No.49501024

>>49500964
>>49500978
>source
>link
this ain't muh science shit niggers this is where you just know things for a fact

>> No.49501026

>>49500936
Oh herro dk

>> No.49501030

>>49501015
shut the fuck up faggot this is a luna tranny thread take your faggot shitcoin and shove it back up your ass

>> No.49501054

>>49500978
>>49500964
https://messari.io/asset/terra-luna-classic/chart/sply-circ

so the circulating supply has increased by 3664831989 (3.6billion) tokens in the past 7 days which is about 0.05603% supply increase.
the speculation is that this is from people bridging LUNA from other chains, but I guess ultimately I don't know.

>> No.49501135

>>49501054
although this says there is a bigger increase at 6.9T

>> No.49501148

>>49501135
https://fcd.terra.dev/v1/totalsupply/luna
whoops

>> No.49501154

>>49501054
There are 2 things to keep on mind:
1. DoKwon fag controla the burning wallets, polls/votes are meaningless. He needs to relinquish control or burn as per vote. And you think a chink scammer is going to relinquish his control over anything? Doubt.
2. Is the minting algorithm off or not. And if it's off, what's the point of the Luna ecosystem at all since the UST peg doesn't work?

If this shit can be fixed/confirmed, Luna classic is going shiba mode with the burning. Otherwise it's a deadchain. And I hold bags that I spent $300 on at the bottom. Just saying.

>> No.49501175

>>49501154
i think it growing as the ultimate shitcoin is the only real end game other than going to 0.

>> No.49501255
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49501255

Only Vincents hold Lunc. it's hilarious to know that losers spend all of their worth ($200) on something that is definitely going to 0, and they secretly feel it is going to 0 as well. Why the fuck would you give more money to that fat faced Do Kwon, he has already been busted as a fraud/scammer. Ohwell, retards exist and they are definitely found holding lunc. In their dreams it is going to 1 and they will have millions but that will never ever happen. These delusional lunc holders are also known as Vincents. They need to be repeatedly told that they are dumb VINCENTS!!!

>> No.49501292

>>49500854
>>49500925
Seethe, cope, and kys subhuman kike faggots.

>> No.49501294

>>49501175
it can happen, it is too funny not to

>> No.49501304

>>49501255
Vincents finna taking over, no cap

>> No.49501329

>>49501154
I can't be bothered to find the link (or maybe I am misremembering) but there was definitely (i think) a comment somewhere on twitter about the minting being shut off, coming from the team itself - but I don't know whether it has since be reenabled or whether that was in reply to someone asking about the chain itself being halted.
entirely speculation.

>> No.49501374

>>49501255
ywnbaw

>> No.49501410
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49501410

>>49501292
No.

>> No.49502289

>>49501292
I holdc, but you did in fact avoid the question. Are you a liberal?