@Cesc0410 6 August 2021 more from that month

Most people posting about crypto don’t know anything about economics and they simply regurgitating what they see online! Despite what you are lead to believe coin burns don’t help at all when it comes to a token, it’s a silly marketing gimmick Yes in theory having less of something could make the price go up but you have to have demand constant for that opposing force to work! Most of these coins don’t have demand, and coin burns like ETH just show the weakness of the protocol No one wants your token you have hit peak demand and now you want to burn it to try and hide that fact lol it’s so pathetic Token burning does not solve the issue and there’s a lot of supply still sitting on the sidelines especially ETH premine tokens that if the price rises gets pulled onto the market because no one who holds it gives a shit about ETH they just want more fiat Proof of stake and proof of burn 🔥 is just the latest snake oil gimmick and people are falling dor it #Ethereum