Re: [ANN] QIBUCK COIN - X13 - POS/POBH - 1st Proof of Baghold and asset backed.
Personally I am not in favor for burning the coins at all. I prefer that the market and coin grow organically. We haven't run away or are dead so for me Burnings irrelevant. We are just thinking to maybe do a vote but that is not a 100% go ahead. There seems to be a great for and against. I am personally against it. It just seems to me a quick band aid fix but that is just me. In the mean time we are doing our best for the coin. We have a press release coming out soon and other stuff in the works.
My first question is, who is in charge of the coin? I assumed you were. If you are not in favor of it, then don't burn it.
The danger in a vote is that the majority could easily vote for something that is against the longterm interest of the coin. It's happened with other coins. Then, even if you don't burn, you have just created fud food ... which I expect trolls to bring up if the price doesn't do well.
And it is a quick bandaid fix. If things turn south, if the dev team doesn't release anything... price tanks... sure, do the burn then. It should be considered a last resort. But if the dev team seriously considers using a last resort within a week of their coin's release, I question if the dev team really knows what it is doing.
Anyway I cant imagine how it would be possible to burn the coins when all 500 000 have been already distributed, there is only 100 000 coins at sell orders anyway and you would have to buy them all the way up .. unless someone bought coins from his personal assets and wants to burry them now ..
so why do we all waste time discussing burning coins when we should rather focus on the development and how funds should be used for futher development