Post
Topic
Board Altcoin Discussion
Re: Is the Deflationary model failed?
by
CryptopreneurBrainboss
on 17/12/2019, 03:24:04 UTC
The idea was very unique, then why they are not making a success? What can be the reason guys?

Haven't heard much about the other projects you mentioned so I won't be basing my reply on them instead I'll reply based on the knowledge I have on one of the example you mentioned which is BOMB. Although this is a success based on what you presume successful project to be but I think it's a ticking time bomb waiting to explode. The only reason why it hasn't failed is because it's still been hyped but others have lost the hyped that brought them into the limelight.

For starters, the deflationary model is just a speculative model without any real life product as the project utilizing this model just promise a continuous increase in price of their token, which to me is just another form of ponzi scheme since the only factor causing the increasing of price is a promise and no real life adoption or usability.