I elected not to swap my BWK because I didn't want to forward the expense of my mistake onto others.
So you're salty because you're trying to exemplify a sort of self-righteousness? Alright pal. Obviously you have no idea what crypto ventures go through when trying to figure out initial token distribution. Hodl could've just launched his endeavor, but he decided to swap with disenfranchised BWK holders, since communities are tough to come by, and it solves the initial distribution issue so many tokens face.
To date, no one has bothered to rebut any of my initial concerns related to how the core mechanism of FLUX (burn N flux to get N+X flux) is inherently deflationary.
Are you senile? Again, I'll reiterate, this is simply a means to bring more tokens into the ecosystem, just like BTC mining. BTC mining is utterly worthless, and just "mines" ever-increasingly difficult equations to earn a bit of the new distribution. Flux is the distributive portion of DAM. What is there not to get? They aren't separate entities. Flux gains its value from the "lock in time", just like BTC gets its value from solving useless equations. Burning is irrelevant to the discussion, because its just another method of earning a bigger portion of the Flux distributions (think, having a bigger share of a mining pool). I mean either you're extremely new to crypto, or senile, or both perhaps; your claims are simply unfounded.
The phrase "savings account" implies a return on capital or at least preserved capital along with CDIC insurance automatically insuring deposits.
Now this is just nitpicking about marketing words. And lo and behold, this is still a very young project, and they've actually changed the marketing of a "savings account" to Money 2.0. Savings account never made much sense to me, and didn't really encapsulate what this project was. Also, it does give a return on capital, in terms of Flux and DAM. USD value will fluctuate, and anyone going into crypto, especially a low-cap project like this, will know this.
Don't use deceptive language to shill your shitcoin and maybe I won't be as persistent in calling this scam what it is.
You throw around scam and ponzi like it's going out of style. Who's getting scammed here? Because you don't think this cryptocurrency is worth anything? Well news flash for ya pal; welcome to any fucking form of currency in the 21st century. It has value because we say it has value. USD has value, because we say it has value. BTC has value because we say it has value. DOGE has value, because we say it has value. None of these examples have any "inherent value". Looking at BTC and DOGE specifically, they're merely currencies, and do nothing more then facilitate transactions, and guess what! People value that! Newsflash, people also value the ecosystem surrounding DAM and Flux, and the intuitive take on staking/minting new tokens. The self balancing on chain demand system works, and people value that. Now, they've stated that other uses cases for Flux (which is the LIQUID token in the DAM/Flux ecosystem) are planned. Now you can kindly piss off with your "scam" and "ponzi" bullshit.