Self-destructing crypto - Bomb token

[schweiz]

There are a lot of people who don't need a self destructive bomb crypto as they manage to self destruct their account that by just buying BTC. It worked very well in 2018.

 

[schweiz]

The deflationary spiral is an interesting theory. Can you point to a real world example of it?
There is a counter to this theory which basically says that consumer mentality is not completely rational. Someone won't wait for 3 years for a 3% deflation to give them a slightly better price on their washing machine, so, while it works with 'econs', it doesn't prove out with actual people.
But I'd love to see a case where it actually happened.

I think that there are a lot of factors in play, whereas here they only take the factor "price". Timing, urgent need of something... all this has an influence on behavior.

Example:
If they announce that salestax will be lowered next month, people who can wait, will wait till next month. If however you need food today you will not wait till end of the month and not eat.

I know about registration taxes to be paid when you buy a house. When it was announced that these taxes would be lowered, all sales dropped hugely and went up exponentially after the tax was lowered. A lot of buyers shifted their transaction till after the tax drop.

 

[Sprout]

There are a lot of people who don't need a self destructive bomb crypto as they manage to self destruct their account that by just buying BTC. It worked very well in 2018.

Lol, so true. Although if one’s a true believer the opportunity to dollar cost average is one of a lifetime.

It seems to be correlated to the Gartner hype cycle pretty closely. Definitely in the ‘trough of disillusionment.

As for this particular token one with a similar symbol already on an exchange experienced this aberration.

https://imgur.com/LT2N3pC

As for it retaining any long-term value, I have my doubts unless it creates it’s own blockchain. It has such a low barrier to entry that it’s a matter of time before the concept gets replicated.

https://link.medium.com/PL50HHklNT

 

[misterkel]

there are too many transactional coins. Creating a 'deflationary' coin is an afternoon's work for a mid-grade developer.
The USP is WAY too easy to replicate.
Try again.

 

[Sprout]

there are too many transactional coins. Creating a 'deflationary' coin is an afternoon's work for a mid-grade developer.
The USP is WAY too easy to replicate.
Try again.

Agreed. This was a good article that underlined evaluating the technical status group of the developer/s as an important criteria by which to assess the merits and long-term viability of a project.

https://link.medium.com/ZbAcwXauNT

Unless they leverage their spawning network into something that creates value, the concept itself could be replicated by any erc20 token and really doesn’t build out the blockchain network nodes even though it does grow ETH addresses.

I admit the novelty got me inspired to create an off exchange wallet and increase my research pace.

 

[Sprout]

I am interested in what are the qualities that makes something viral on social media. One of the things I’ve noticed with the structure of their roll out is how the growth in fill rate of the ‘waves’ inspires one to action.

Are they’re any tools that track trending keywords on social media ?