RE: RE: Token Burns Can Destroy Value
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RE: Token Burns Can Destroy Value

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4y
I was one of those people who wanted to burn the premine.

Burning the premine isn't about destroying tokens, it's about taking power away from the elite.
All of the value on Hive is stored in liquidity pools.
The coins in the hive.fund@hive.fund are vapor if we don't have exit liquidity to actually sell them.
The risk of allocating 80M tokens to "development" seemed like a huge risk.
It still is a huge risk but it seems like it's worth it (or at least a wash).