Crysx
it is unique feature of B3 , the total coins reduces here whenever someone do fundamental node payment.
I just hope not too many coins are burnt, as sufficient coins are required for keeping the store of value in check as excessive store of value prior to mass adaption will disenfranchise the very poor of the global society who are firmly caught in the fiat matrix and are reaching out for help. Suggest B3 foundation take custody of some coins, to further decentralization of B3coin distribution and provide targeted assistance to the poorer members of our global community. I am happy to donate to B3 foundation.
enlightenedcryptonian,
You were correct in saying that the TOTAL number of coins in the blockchain are decreased as each FN comes online.
Josh and I have a history together, as well as a friendship. He briefly exposed what is actually happening (though not HOW, as that would have taken too long and very difficult via chat. Will wait for the whitepaper to read the 'how') when coins are removed. Yes - removed, not burned.
The burning process is exactly as I have explained to you earlier, where burned coins are still existing coins that can never be used. Whereas B3Coin network actually destroys the coin from existence.
Apparently the coins in B3Coin network (within the blockchain itself) is actually 'destroyed'. That is, they are removed from existence within the blockchain. Now we have 5 Coins of our own (within the CWI-Coin project group) and this is the first of ANY form coin removal we have yet seen to date. Josh could only discuss briefly, but the explanation is simple enough. When you send coin for the FN, the network 'destroys' the coin from existing in the blockchain itself. I still don't have a clear grasp of HOW it does it, as most blockchains do NOT work this way at all. The TOTAL 'existence' of coins is constant, but the TOTAL coin in the network will vary, as more coins are destroyed. At least, that is how I understand it.
So my apologies for the confusion earlier, as I am yet to see how this network actually does such a thing without making the blockchain unstable, but it is working from what we can see.
So the terminology is NOT burn, but destroy (or I would like to call 'dissolve'). Now I am looking forward to the whitepaper and the technical explanation of how it is done.
#crysx
Appreciate your response, lets hope we do not destroy/dissolve too may coins with this revolutionary FMN invention.