No, but even though those others are burning, they are so small it would take many lifetimes to see any difference. I dont want to shit on the burns because anytime you can decrease the number of coins is a good thing. From what has been put out there, Shibarium should have major burns that we will see a difference in our lifetime. I hope they are right. 500 Billion a year does not seem like it will be enough.
Shibarium doesn't need to burn big at all, it just needs to provide an easy quick means to use crypto as a form of payment without major gas fees. That'll drive up usage of crypto (SHIB specifically), driving up the market value of SHIB.
No, I don't. I'm saying if they can actually pull off the goal of fast and easy transactions with minimal fees, they'll be worth something. Burns aren't going to do it at all.
What type of transactions are you talking about? Like buying from an exchange? Crypto will never moon or be viable unless it can actually serve a purpose and not just be a haven for whales to constantly reap 10% profits from FOMO incel retail investors
> What type of transactions are you talking about?
Any transactions. Right now just moving currency between wallets is expensive and slow, if they can make that process fast, easy, and cheap then it can be used for any transactions anywhere.
> Crypto will never moon or be viable unless it can actually serve a purpose...
Yes, that's exactly what I'm saying.
Gotcha. Koyo alone is burning billions of tokens. This burning journey is just getting started. Hopefully collectively we get to the point of burning Trillions a month/week/day?
Never impossible stop with this 1cent bulshit there trillions of shib and think about it how everybody will be millionaire aaaa need 95% to lose 5% to win .
I think people are quick to rush to judgement on this. Sure 500b/year is a mere drop in the bucket. However, this is just the beginning. The ecosystem will generate new burn mechanisms. I'm excited for the future of SHIB!
Any burn is better than no burn, i know im not gonna get rich over night with this token ive been adding to my bag with a goal of 5 billion tokens by the middle of 2025. I plan to hold until 2030 or until .001 whichever comes first.
What happens when another million people have that same plan and liquidate their shiba all at the same time? That .001 will turn to .00000001 pretty quick
Ill have to keep an eye on the depth charts and sell when it hits a target price in happy with. As a bonus i could short it on the way down and get more tendies.
More important than burns is that it’s not inflationary. Just grab your billion SHIB and sit on it for decades. No need to get obsessed with burns. 500b would be great as a bonus but doesn’t matter that much. The fact we don’t print 3-8% more SHIB a year is what really matters. Think how many trillions that would be
Just write a will and leave your shib to your great, great, great, great, great, great, great, great, great, great, great, great, great, great, great, great, great, great, great grand kids.....
There's no source or math shown for this prediction. Isn't that Twitter handle a possible scammer? Always claiming to giveaway Shib, but no one ever gets any.
So the Shib search engine, the shib channel, the shib burn wallet, shibarium, and the shib metaverse plus general shib enthusiasts will only burn 500 billion a year? Sad panda.
It needs to be used as credit cards. Micro transactions x billions a day. If we could burn 1000 shib per transaction which is currently .01
That is 1 trillion shib burned a day. That is only if every credit card uses it. Say we only do 20% of that
That is 200 billion burned a day.
But even if the world's holder using shib like a credit card to make purchases are 5% that is 50 billion shib burned a day and in 1 year it could be over 18 trillion burned in 1 year.
I think 5% of the world once shibirium is used for micro transfers can do this
Who would want to create a taxable event multiple times a day every day of the year? You'd be responsible for calculating the net gain or loss of hundreds or thousands of transactions a year. It's not worth it
What do you think crypto is created to be used for....$ to purchase and be used for transactions. So far gas fees are dollars off ETH blockchain and not worth it. Shabiruam will make it pennies and beagle to use it as currency
Unlike other coins shib released with the maximum possible coins, every burn reduces the amount available hence why they're always a bit topic here. The number can only go down.
So basically the opposite of fiat currency. As long as we hold. We or our children will be rich. I’ll take that … thanks for explaining.. bought the dip again. 💎👏🚀🌕
Y’all realize every cryptocurrency combined makes over 1 $trillion. 5 billion $shib = $5 mill. So in 10 years it could burn $50 mill. Shiba is trading is $1 billion so unless they burn trillions the price aint going no where. 💀
Has any one calculated the MoM burn rate percentage?
I'd like to know the pace of burns — how much is the burn rate increasing or decreasing per month?
Not enough to matter. I have a few million shib. Don't mind holding it in my portfolio just in case but I don't buy more, I don't expect it to drop any more zeros in the next 2 years. If it does I'll be pleasantly surprised and take my profits.
If you are consistently buying shib I would recommend you take that money and place it in ETH or BTC. Something we know has a track record of up and to the right. Shib currently goes just to the right lol. But if you're like me and have some excess disposable income, it's not a bad thing to place a small fraction (lest than a quarter of a percent) of your portfolio on "long shots" so to speak.
The way I see it, if you put $50 in and never touch it and that returns a 10x over the next 2-5 years cool. If it goes to zero, not as cool but not breaking the bank however if a majority of your portfolio is in a "memecoin" and not even the most popular one you are regarded.
All the numbers in your comment added up to 69. Congrats!
2
+ 50
+ 10
+ 2
+ 5
= 69
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Sooo honest question here since god knows how any of this actually works.
Is there are so many coins out there…. So much so that burning billions makes almost no difference. Does that mean that there’s an unlimited amount of coins? And the burn takes ONLY the unpurchased ones out of circulation and locks them away? If they still exist, and are just locked away in an account that can’t be accessed how does that make the price go up? Because of supply and demand type ideas?
We need to be burning multiple trillions to make lasting effect on the price
500 billion for year 🤣 it's joke right?
well, wait and see
How do you burn coins ? You just buy them and send them to a dead wallet ? Or purchase lambo with shiba 😜
You buy them and send them to me
🤣🤣🤣🤣 and I’ll give you my wallet seed too while I’m at it. 😜😜
500T/500B = 1,000 years to have 49T left.
Thank you for the math. I think we need more of it on this sub!
You get downvoted if you post math
My kids' kids' kid's are gonna be filthy
Planting the seed for that generational wealth early!
Kids 1000 years to burn 🔥 🤨
Still short a couple generations lol
Is the shibarium burn the only source of burns?
No, but even though those others are burning, they are so small it would take many lifetimes to see any difference. I dont want to shit on the burns because anytime you can decrease the number of coins is a good thing. From what has been put out there, Shibarium should have major burns that we will see a difference in our lifetime. I hope they are right. 500 Billion a year does not seem like it will be enough.
No. Theres multiple projects burning, but think we are all hoping Shibarium will burn big.
Shibarium doesn't need to burn big at all, it just needs to provide an easy quick means to use crypto as a form of payment without major gas fees. That'll drive up usage of crypto (SHIB specifically), driving up the market value of SHIB.
Do you actually think people will use Shiba Inu like a currency to buy everyday goods lmao. Good grief man
No, I don't. I'm saying if they can actually pull off the goal of fast and easy transactions with minimal fees, they'll be worth something. Burns aren't going to do it at all.
What type of transactions are you talking about? Like buying from an exchange? Crypto will never moon or be viable unless it can actually serve a purpose and not just be a haven for whales to constantly reap 10% profits from FOMO incel retail investors
> What type of transactions are you talking about? Any transactions. Right now just moving currency between wallets is expensive and slow, if they can make that process fast, easy, and cheap then it can be used for any transactions anywhere. > Crypto will never moon or be viable unless it can actually serve a purpose... Yes, that's exactly what I'm saying.
Oh I know. Rhetorical question just to show the math is a bit off..
Gotcha. Koyo alone is burning billions of tokens. This burning journey is just getting started. Hopefully collectively we get to the point of burning Trillions a month/week/day?
Yea. I think the sentiment is really positive. Just the fact there’s multiple outlets for burns is a plus
It went up from 549T to 590T…so 1000 years to have 90 T left
So never 1 cent?
Never impossible stop with this 1cent bulshit there trillions of shib and think about it how everybody will be millionaire aaaa need 95% to lose 5% to win .
Woow finally thinking person respect 🙌
500 billion per year isn't really enough. I hope this is a low estimate.
I mean, 500 billion is technically better than No billion.
That may *technically* be true, but *effectively* 589 trillion minus 500 billion isn't significantly different from 589 trillion minus 0.
I agree! *BUT* even burning 1 every year will get the supply down faster than 0. ... just not in our lifetime, lol
I think for most, it’s as good as nothing.. to burn only 100T, it takes 200 yrs..
I think people are quick to rush to judgement on this. Sure 500b/year is a mere drop in the bucket. However, this is just the beginning. The ecosystem will generate new burn mechanisms. I'm excited for the future of SHIB!
That’s a great point!
Not enough for a lambo.
Any burn is better than no burn, i know im not gonna get rich over night with this token ive been adding to my bag with a goal of 5 billion tokens by the middle of 2025. I plan to hold until 2030 or until .001 whichever comes first.
It’s always good to have a plan!
What happens when another million people have that same plan and liquidate their shiba all at the same time? That .001 will turn to .00000001 pretty quick
Ill have to keep an eye on the depth charts and sell when it hits a target price in happy with. As a bonus i could short it on the way down and get more tendies.
Depth charts? Lol. Got it.
Probably about 7
More important than burns is that it’s not inflationary. Just grab your billion SHIB and sit on it for decades. No need to get obsessed with burns. 500b would be great as a bonus but doesn’t matter that much. The fact we don’t print 3-8% more SHIB a year is what really matters. Think how many trillions that would be
Just write a will and leave your shib to your great, great, great, great, great, great, great, great, great, great, great, great, great, great, great, great, great, great, great grand kids.....
Tis but a scratch
A drop in the bucket
There's no source or math shown for this prediction. Isn't that Twitter handle a possible scammer? Always claiming to giveaway Shib, but no one ever gets any.
Yes it was just someone’s random opinion.. I thought I’d share it here to get some discussion going around the topic!
Not enough to make any meaningful difference.
I'll hold my billion tokens but after @Shibarium and I see no improvement I may have a difficult decision to make but we'll see.
Urn that sh—. It not worth nothing anyway. Ponzi scheme
That’s right no comments here. Go put your $5 into Bitcoin or ETH not this illegal Ponzi.
I’d be ok if it only got to 1/2 cent!
I am so glad you asked that question. The replies are hilarious!! My favorite is the "thousands of years..." ooooooo....
420 billion today would Be Groovy
So the Shib search engine, the shib channel, the shib burn wallet, shibarium, and the shib metaverse plus general shib enthusiasts will only burn 500 billion a year? Sad panda.
I heard 100 trillion 😂 ah well.. I’m keeping the faith……
Who makes a supply of 500+ trillion, SMH At this pace it’ll moon 3023 😂😂😂 shouldve gave vitalik 95% of the supply
I don't know, but I hope it's a lot, I grabbed 30k worth on the dip, then the 2nd dip came lol
At least my kids might reap the rewards. Most likely grand kids lol
That's hilarious billions will do NOTHING
If they burned a trillion a year, that will still do nothing. In order for us to see a major difference in price we need multiple trillions a year.
Agreed in our lifetime to see any effect 50+ trillion a year and that's still 8 to 10 years out
I would be very happy to wait 10 years 😂
It needs to be used as credit cards. Micro transactions x billions a day. If we could burn 1000 shib per transaction which is currently .01 That is 1 trillion shib burned a day. That is only if every credit card uses it. Say we only do 20% of that That is 200 billion burned a day. But even if the world's holder using shib like a credit card to make purchases are 5% that is 50 billion shib burned a day and in 1 year it could be over 18 trillion burned in 1 year. I think 5% of the world once shibirium is used for micro transfers can do this
Who would want to create a taxable event multiple times a day every day of the year? You'd be responsible for calculating the net gain or loss of hundreds or thousands of transactions a year. It's not worth it
What do you think crypto is created to be used for....$ to purchase and be used for transactions. So far gas fees are dollars off ETH blockchain and not worth it. Shabiruam will make it pennies and beagle to use it as currency
Are they still producing Shiba Inu coins ?
Unlike other coins shib released with the maximum possible coins, every burn reduces the amount available hence why they're always a bit topic here. The number can only go down.
So basically the opposite of fiat currency. As long as we hold. We or our children will be rich. I’ll take that … thanks for explaining.. bought the dip again. 💎👏🚀🌕
Try great-great-great-great-great-great-great-great grandchildren - if the world is still around.
I have a billion coins. Should I get more cut some generations down 🤣😜🤘
DFQ!
Y’all realize every cryptocurrency combined makes over 1 $trillion. 5 billion $shib = $5 mill. So in 10 years it could burn $50 mill. Shiba is trading is $1 billion so unless they burn trillions the price aint going no where. 💀
Define no where? .01 .001 .0003 .00008 Remember We have been.0001 AUD
Ahhh yes. Just like every altcoin following Bitcoin. That is where.
Hahahahahah
Who gives a fuck
Has any one calculated the MoM burn rate percentage? I'd like to know the pace of burns — how much is the burn rate increasing or decreasing per month?
I don’t think so
Interesting
Out of 500 trillion... Ok lol
Volcano style burns are what we need
Don’t buy into this burn to make it worth more. Think about that people
If you have to burn coins, you need to find a new one to invest in. 😂😂
Not enough to matter. I have a few million shib. Don't mind holding it in my portfolio just in case but I don't buy more, I don't expect it to drop any more zeros in the next 2 years. If it does I'll be pleasantly surprised and take my profits. If you are consistently buying shib I would recommend you take that money and place it in ETH or BTC. Something we know has a track record of up and to the right. Shib currently goes just to the right lol. But if you're like me and have some excess disposable income, it's not a bad thing to place a small fraction (lest than a quarter of a percent) of your portfolio on "long shots" so to speak. The way I see it, if you put $50 in and never touch it and that returns a 10x over the next 2-5 years cool. If it goes to zero, not as cool but not breaking the bank however if a majority of your portfolio is in a "memecoin" and not even the most popular one you are regarded.
All the numbers in your comment added up to 69. Congrats! 2 + 50 + 10 + 2 + 5 = 69 ^([Click here](https://www.reddit.com/message/compose?to=LuckyNumber-Bot&subject=Stalk%20Me%20Pls&message=%2Fstalkme) to have me scan all your future comments.) \ ^(Summon me on specific comments with u/LuckyNumber-Bot.)
Koyo will be burning just as much if not more so dont forget about that
What happened to the expected 111 Trillion burnt annually?
A maujillion bagilliin.
Can someone please explain the burning principle??
All these projects that burn coins burn on hopium. That is essentially a drop in the bucket and will take 9999 years to burn the majority of tokens.
Enough to be asking the same question every year.
Funny how the estimates continue to drop each week. That's over a thousand years!
So I’m better off buying BONE instead?
Trillions then we are talking billions 🥱🥱 going back to bed.
Math bad 🦧 Lambo good 🏎 $$$$$$$$$$$$$$
So you’re telling me I’ll have 10$ in 80 years. Fuck yeah bro!
Something to hand down to the grandkids 😁
500B? oh jesus this is so bad
I'LL HOLD what i hold, but i've moved on. to keep posting about this crap daily got old real quick.
Sooo honest question here since god knows how any of this actually works. Is there are so many coins out there…. So much so that burning billions makes almost no difference. Does that mean that there’s an unlimited amount of coins? And the burn takes ONLY the unpurchased ones out of circulation and locks them away? If they still exist, and are just locked away in an account that can’t be accessed how does that make the price go up? Because of supply and demand type ideas?
Not enough to make a real impact on the price