RE: Cryptocurrency: Why Do We Like To Burn Money?
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I guess most crypto project burns their coin because it wants to retain value since you don't have a lot of people bringing in the money to buy in these coins, so the Only option is probably to burn the dumps. My opinion though.
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Not only people bringing in money but they have no user growth. If it were a business, with no user (customer) growth, what would you say about the prospects of that business?
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Well a user base actually brings a certain patency and this will eventually forestall attractiveness, I guess this is why coins like Eth do not need to excessively burn. People give the value a coin has I guess
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The growth rate is so absurd, even at the size it is now, that it eats up all inflation. They are continually adding developers, users, and more money. It is an ideal system that epitomized multi-tiered network effects.
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