you are very right in what you say regarding support and token burning, especially since blurt already has a built-in token burning system for use which, as I have always emphasized, is a groundbreaking approach to the matter compared to the predecessors of our blockchain.
I disagree about the logo and branding because I believe that whether we have users depends on the appearance of our platform. People today judge 70% with their eyes. and only secondly do they try to learn about the functionality and advantages of the product. Good branding is needed here to create a good, catchy advertisement, and a good, catchy advertisement draws attention and encourages people to get to know the product better. And finally, at this stage, a lot depends on whether the product is really good or not. We are still improving the product, but unfortunately, in my opinion, the branding is not quite going in the direction it should be and, above all, the appearance itself is lagging behind.
New users also do not solve the problem of inflation. Inflation imposes the need for continuous development, but individuals in the inflation system constantly feel unsatisfied and finally get tired of this system, seeing that it is a horse race against a modern car, and they change their approach.
This is the moment when the platform loses users. Because they are trying to look for other ways to stand out.
For centuries, people have naturally been looking for a situation in which something can minimize their efforts and the amount of work they put in, and they are willing to put in incredible efforts and risk their lives for a situation that will set them up for the future in such a way that they will not have to make any more efforts to survive.
So they are trying to create something that will pay off for the rest of their lives. Hence the entire development of civilization.
The inflation system is the opposite of this state of affairs. Therefore, inflation can only stimulate the state of excessive stagnation and not establish it as the norm.
A strong inflationary trend leads to a lot of fakery, cheapness and mediocrity because people, knowing that the money they work for is not worth much and loses its value over time, do not try to do what they do. They want to hit posts as quickly as possible and grab a few tokens and then escape to more stable and reliable currencies such as BTC or ETH
In our case, this leads to shitposts and spam, and then the token value drops.
Basically, in the case of our platform, the situation should be as follows:
the more users, the greater the money supply, but the supply itself should always be slightly higher than the increase so as to always keep the blurt price on the verge of deflation and inflation, with moments of strong deflation during the best economic times.
This approach would make the token price more stable and upward, and the token itself would have the features of digital gold and be attractive to investors and creators.
It would also motivate creators to create better content. Because, on the one hand, a small supply would mean a greater difficulty in obtaining the token and, on the other hand, the value for good original content would increase over time. For me, the only thing missing would be a reward system and good content after monetization. But I already have an idea on how to solve it, but it requires a bit of refinement on my part before I present it.
Thanks for your reply, quick reminder that inflation reduces by 0.5% each year, I think we started at 10% and we are at 8.62% now, so inflation is reducing and users transacting burn Blurt with fees, the daily rewards pool is the same so the more users we have commenting and posting and voting the more Blurt is burned.
Regarding the logo, we didn’t feel a corporate look was suitable, we also wanted to keep similarity ro the current logo to please users that did not want to change it, the logo is legacy much like bitcoin’s logo is its legacy, so freshening it up was a compromise, but still millionaire Alex Hermozi said in one of his videos the least effective thing you can do is apend effort changing your logo when you need to desperately grow your business, any number of things would be more effective.
Luckily it only took a few days and was quite a fun experience, and everyone involved is quite pleased with the result, a post will be out sometime with the brand kit and methodology around the design.
WEFgtptshit.png
Never trust a WEF NWO controlled hacker . ;-)
Lol I’m certainly not powerful or connected enough to even be on WEF radar, just an ordinary builder ser.
Yeah , what ever ,. have a song from me .
I know what know ,.. ;-)