So guys… Shib now has roughly 900,000 holders, right? You realize this means that if each of us burned 1,000,000 coins, we could easily Thanos snap 900,000,000,000 coins out of existence.
Edit 1: Ok, I keep seeing the same kind of posts, and here’s what I have to say. I’m not encouraging anyone else to burn. I’m just trying to point out that we as a community can burn more coins than we realize. I am well aware not everyone has the funds available do this, and if you can’t, don’t. None of this is financial advice. Also, I myself have been burning $50 worth of coins every paycheck.
I should also make clear that I’m burning the $50 of Shib because, at the moment, my financial situation allows me to do so. If at any point my financial situation changes, obviously I would stop. Everyone should only ever do what they’re comfortable doing. Don’t follow me off a cliff. It’s my cliff. I like this cliff. And I wanna splat at the bottom of it alone.
Edit 1.1: In an abundance of caution, I’m removing any mention of dates as to when I’ll be burning, as I don’t want it to be misconstrued as price manipulation.
Edit 2: People have asked for a dead wallet. You burn coins by sending them to the dead wallet. This is one such wallet, it’s the one Vitalik Buterin himself used. Feel free to verify this before sending if you plan to burn coins: 0xdead000000000000000042069420694206942069
I should also point out that you can make use of Shibaswap as well.
Feel free to correct me if any of this information is incorrect.
Edit 3: Peeps, I’m not asking anyone to do anything. I’m pointing out that this community has the power to affect real change in the value of Shiba Inu. If you feel HODLing is the way to go, HODL, I’m right there with you. If you feel burning is the way, burn away, I’m right there with you. You don’t have to do anything you don’t want to do just because some shmuck on the internet made a post on Reddit. This is not financial advice.
Additionally, I am well aware that we would need a metric fuck ton of burn to take place to get the supply down. I am just pointing out that we have a plausible way of doing so, but even I know it likely won’t happen. Some people either can’t or aren’t willing to burn. I am. I can’t speak for anyone else.
Edit 4: Yes, I always have the burn playlist going. I myself love the instrumental playlist, it’s great to have in the background during work.
Link to the playlist: https://www.biggerentertainment.com/shib
Edits 5 – Infinity and Beyond: None of this is financial advice. I do not give financial advice, and none of what I say should be taken as financial advice.
Edit 6: I should point out that I myself use Coinbase. The gas fee to send coins is hefty, so just bear that in mind if you use Coinbase. If anyone knows a better way, feel free to let me know.
Edit 7: I love you all! And thank you all for sharing your thoughts and opinions. 🍻