This is in response to the 'medium of exchange' problem, which posits that if your token doesn't have a sink built into it, it will slowly lose value over time.
Buterin has millions in Eth[0] and the influence to make that digital asset worth more by preventing it's supply from increasing. If it starts increasing, it could even turn into a bubble (as people buy it based on its price increasing).
In short, this man is not an unbiased person to promote such an idea.
He publicly sold a very good portion of his holdings at $6, it eventually reached $1000.
Not just Vitalik but many of these people are self funded for life and could easily walk away from the shitshow that has become cryptocurrency without a care in the world. But they don't. For all the scams and degenerates that have overrun the industry, there's plenty who persist purely on principal and the knowledge it can help someone.
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This is in response to the 'medium of exchange' problem, which posits that if your token doesn't have a sink built into it, it will slowly lose value over time.
See this post: https://vitalik.ca/general/2017/10/17/moe.html
Stop digging for more diamonds, says DeBeers.
Buterin has millions in Eth[0] and the influence to make that digital asset worth more by preventing it's supply from increasing. If it starts increasing, it could even turn into a bubble (as people buy it based on its price increasing).
In short, this man is not an unbiased person to promote such an idea.
[0]https://www.quora.com/How-much-Ethereum-does-Vitalik-Buterin...
Wondering why this is the top comment here.
He publicly sold a very good portion of his holdings at $6, it eventually reached $1000.
Not just Vitalik but many of these people are self funded for life and could easily walk away from the shitshow that has become cryptocurrency without a care in the world. But they don't. For all the scams and degenerates that have overrun the industry, there's plenty who persist purely on principal and the knowledge it can help someone.
I wish this hadn't been raised on April 1.
Oh good. It’s my favorite day of the year.