Post
Topic
Board Announcements (Altcoins)
Re: | ANN | Espers [ESP] | New Algo | New Features In Development | Reverse-ICO |
by
Tastiger
on 27/10/2016, 03:00:36 UTC
Could be 50% burn 50% keep for bounties and future promotions

I think we should burn some for the following reasons:

2 month of miming by both chains (esp1 and esp2)
First days of PoS (before 20000 block) on esp2 chain was generated over 250million coins  Grin

Isn't any effect that would be achieved by burning (reducing coins) already done by doing the 10:1 swap in the first place? What will a little more reduction achieve really? If there is an opportunity for this coin and community to benefit from a promotional fund shouldn't that path be taken rather than a path with negligible effect on the coin or even potentially slowing development? Consider 250million coins just a little in the direction of those that favoured no swap in the first place - on balance we should be focusing on these coins circulating, not the total somewhat up or down