The incentive system based on burning extra tokens is a very interesting approach to the issue of extra tokens. Thus, coins should not lose much in price, even taking into account the fact that their number is infinite in essence.
How do you account for the 70% price decline in the last ~2 days, then? How much additional liquidity are you wiling to personally supply to support the current price?
avoids the N+X question
I didn't avoid it, and I addressed it in my response to you. I'll explain again; burning is just another mechanism to increase the minting rate, ie; you get a larger chunk of the global mint rate by increasing your burn. Similiar to adding a new mining rig to the global hashrate of a typical PoW coin. The N+X question is framed in a way that misunderstands the entire premise of Flux. Will the supply of Flux continue to increase? Yes, proportionally to the global burn rate. This WILL be price deflationary, until an equilibrium is reached. But, yes, the N+X understanding would imply that, if demand remains unchanged, the price will continue to deflate. It's almost as if... every cryptocurrency that has more supply being create
So we both agree the price is going to head downward until it reaches "equilibrium" or 0, whichever comes first? I bet "equilibrium" is well-below $1.00 in the next 30 days.
Also - to anyone considering $DAM vs. Mining hardware, remember you can always sell your GPUs on Craigslist and you don't need to worry about the developer dumping the books to exit stage left on their ugly shitcoin. A 1080ti is a 1080ti regardless of an individual project's market conditions.