Post
Topic
Board Tokens (Altcoins)
Re: [ANN] (DAM) Datamine - Decentralized Savings Account in Your Pocket - DeFi DApp
by
NationalPotato
on 12/07/2020, 14:13:59 UTC

(A bunch of ad hominem attacks without even addressing the underlying concern)

So far no one has addressed how a burn N to get N+X mechanism isn’t price deflationary.  There’s not going to be a problem with FLUX liquidity because in a month supply will be higher and the price will be lower.  The only use case FLUX has is to burn it to create more FLUX.  That’s the primary and only current purpose for it. 

There are a lot of scams in crypto.  There are a lot of HYIP/ponzis in crypto.

Your inability to actually get to the meat of this issue while instead just wildly flailing your arms and calling me names isn’t going to help address these fundamental concerns.  I’m an old head in the game, too, been around for a few market cycles.  Attempting to resurrect a shitcoin through swap to keep the community is an old trick.  But remember, all those people have bags to sell and they want to recover their losses.

Their stack of DAM produce FLUX, which they’ll try to sell to recover their losses.  The sell pressure on this project will be heavy, heavy, heavy.