Re: [ANN] (DAM) Datamine - Decentralized Savings Account in Your Pocket - DeFi DApp
The value of FLUX originates from borrowing a portion of the worldwide dividend mint rate when you burn FLUX. FLUX is simply a measure of time that can be transacted to reduce global inflation and increase dividend rates. Dividend rates can be increased by buying time.
Datamine is a new non-custodial and decentralized open source economic system that uses smart contracts to create Adaptive Money. FLUX is Money 2.0. Our dual token DeFi protocol generates dividends every 15 seconds.
Datamine is a new non-custodial and decentralized open source economic system that uses smart contracts to create Adaptive Money. FLUX is Money 2.0. Our dual token DeFi protocol generates dividends every 15 seconds.
I REALLY, REALLY hope you’re not a US citizen because - wow.
FLUX isn’t money. It’s a cryptocurrency. There’s a difference. Legally, it’s property, not currency. Anyone based in the US trading this will be subject to IRS rules on property and not money.
You’ve also only reiterated that the existing use case of FLUX is to serve as a ponzi mechanism. Burn flux to borrow the global mint tate? Aka: burn FLUX now to get MORE FLUX later.
What did Bernie Madoff tell his “investors”? Give me money now to get more money later. You’re saying buy some FLUX now to get more FLUX later and you’re calling it money and you’re calling it a dividend. If you don’t appreciate the weight of your claims I’m sure some plaintiffs attorneys will when they subpoena Discord for your details.
Good thing the main dev is Canadian and not an American.
Nevertheless, this is some next level troll or ignorance... not entirely sure which. You do realize, that you can burn your own Flux, and there's no claim you need to buy someone else's Flux? Also, the ponzi comparison's are getting old. Who's at the top of the pyramid scheme? Oh wait... nobody. Nobody is at the top, because it's not a pyramid scheme and there's no pyramid. Let's also throw in the fact that you can burn Flux, and your burn amount can be less then what the bonus mint will yield. So yeah, how's this a ponzi? It's actually ludicrous you're this mad about not swapping your 20k BWK. Go buy Stu's Bastion_Invest Token, or go take a look at how he's been dumping his DAM bags on the market.
So your entire shtick is that it's a ponzi, yet it's nothing like it. Simply another spin on the distribution system; instead of using a GPU or an ASIC to do arbitrary calculations and earn a percentage portion of the block reward, you're staking DAM to create Flux, and have an option to burn Flux to increase your DAM's Flux yield. How is this inherently different? By your logic BTC and ETH are ponzi's because you can "burn electricity" to increase your mining yields. Sheesh this dude is a next level degenerate.