RE: RE: Introverted Token Burns are Toxic
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RE: Introverted Token Burns are Toxic

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3y

Forcing people to burn tokens, or just burning tokens for the fun of it are wrong, the right way to do token burns is to use protocol revenues, buy back the tokens from the open market and then burn them.

This is basically what comapanies do in the stock market and works the same as a dividend, it's basically a stock buyback with revenues and the end goal is to reward current shareholders.

I see a lot of people over here on hive's communities that do burns wrong, they burn tokens that are rewarded from the inflation but that didn't capture any actual revenue, that's not how this should work. Burns and token buybacks need to come from an actual product or service being sold thus generating actual REAL revenue, and then use that revenue to buyback tokens, that's how it is.

@teutonium: Forcing people | Ecency