Update: I think this is a bad idea.
I see that my Old Terra Luna (Classic) May come back to life and I can’t seem to find it anymore on Osmosis.
I think I had a few million.
Lesson Learned.
Imagine if you had 10 Million Blurt and it gets burned for inactivity then Blurt goes to $1,000 ?
That would be a bummer dude.
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Old post :
I was having a very good conversation today about what should be done with all the idle blurt sitting around in Dormant accounts.
Maybe It just should be burned. Is this possible ?
Maybe if we burn 300 Million Blurt the price will go up ?
I don’t know what I’m talking about.
Or maybe distribute as a bonus for people who don’t power down for 6 months.
I don’t know … what do you think ?
So you are saying if I don't use my account for a certain period of time you want to burn my blurt? That's as bad as the banks...
Yeah. Bad idea.
At any point of time, Blurt lying in wallets cannot be burnt. I'm taking about Blurt lying in treasury accounts or founders account or foundation accounts. This reduces the amount of Blurt in circulation. Also during initial days, very high amount of Blurt is powered up in various accounts to support community with very high Blurt and now this is costing the community pushing the price down. I'm not sure how this is going to be handled.
Update: Burning dormant blurt is a bad idea. I just learned that all my millions of Terra Luna might come back to life. Imagine that !!!
Maybe what's airdroped is what needs to be burnt !
Maybe… who knows. Lots of Blurt just sitting there dormant ….
Please I have a little knowledge about this. If the blurt is burnt, will it increase the price or what?
I theory. But maybe it would be better to distribute as a bonus for people who don’t power down for 6 months or something ???