RE: RE: Biggest Starbits Burn Yet 🔥 203K Taken Out of Circulation 🎸
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RE: Biggest Starbits Burn Yet 🔥 203K Taken Out of Circulation 🎸

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4y

I don't really understand burning. Ok, so, fewer starbits (or whatever) supposedly raises the price of the remaining ones. But, burn a % of what remains every week, and in the end there'll only be 1 left, and nobody will be able to afford that one, so the things you could buy and sell for that currency will be traded for some other currency instead, which will make that last 1 of the currency useless, and so it drops in price...

Or did I completely misunderstand how things work?

@treefrognada: I don't really | Ecency