Deflationary tokens?? that is not good, they always generate a pyramid!!

FairUser

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Quote from: LOB069 on April 10, 2022, 10:57:01 AM

Deflationary tokens?? that is not good, they always generate a pyramid!! It's a ponzi in disguise or not??
What do you think?

A more general or specific concept of a project you want to talk about, since in this space good/bad co-exist, I'm neutral on any issue. Don't look in one direction. Looking at the case of BTC, it sets the industry standard for a deflationary token model. In this model, a certain number of tokens will be generated, and the limit will never be adjusted. This would create a deflationary currency because even if demand increased, supply would not.

marine4u

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Quote from: LOB069 on April 10, 2022, 10:57:01 AM

Deflationary tokens?? that is not good, they always generate a pyramid!! It's a ponzi in disguise or not??
What do you think?

I think there are many pyramid schemes based on general reality in the current “deflationary” token for altcoin market. Bitcoin has set a standard for deflation, and that stimulates demand for a range of deflation or hyper deflation in the altcoin space. Each mechanism deflationary” token for altcoins has its own characteristics but for the most part I think it is not strong enough rather creating holes in the application of traditional economic theories. That is the key element of the pyramid model.

sunsilk

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Quote from: sunsilk on April 10, 2022, 03:40:54 PM

It's just a description.

One example of deflationary is bitcoin. It's not a token or a coin but it's one of the most known cryptos in terms of deflationary. And when it's about scams or Ponzi. There are many of them that can be found mostly in new projects.

Bitcoin is deflationary but it's not a scam nor a ponzi. It has been described by many doubters and skeptics as that before. Now, it's proven its worth and they're all wrong with that description they've believed for bitcoin.

Bitcoin is decentralized and running on its own without its creator which is the key factor why it became successful. On contrary to other project that has same deflationary feature yet controlled by a team member that has there own token holdings percentage on the total supply which vesting regularly that dump to the market. Satoshi is not dumping his holdings for a long time which is the reason for the reputation of Bitcoin.

But what if Satoshi came back and start to move his asset?

Then let it happen what has to happen.

I don't think that he's ever coming back. When bitcoin has reached $20k, he could come out easy and have sold those holdings that he got. Well, we can think of those holdings that he has as good as burned bitcoins.

Like those bitcoins that have been lost forever and no way to retrieve it which has its value being kept by those lost coins together with the other people that have no longer access to their bitcoins.

WalkerIVIV

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Deflationary idea being used to counter the inflation that sometimes happened due to the wrong tokenomic structure that already created by the developers. I do know that the reputation of deflationary tokens already destroyed due to the so many scam projects that exist in the market and that's it how market was reacting into it. This case the right party that must be blamed should be the scammers who created the pyramid structure used the deflationary idea to attract the investors to buy the tokens but the idea can't be blamed as this can be used for the various purpose. It's not good as long as you know how to handle it but that will not good when you wanna use it just to scam others

Pterosaur

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The term deflationary in crypto projects is actually a good idea but new projects this days like rushing things up, the deflationary idea they produce happens in just a matter of minutes or hours just to attract people's attention, these types of projects are called Ponzi or Pyramid schemes.

shinratensei_

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It's not any deflationary token relate with the ponzi scheme and you must understand the real meaning of deflationary. The deflationary means the tokens that got burned. Ethereum have become deflationary token sometime when the total token issued by miners became less caused by there are so many ethereum got burned after the implementation of the new EIP. This means some coins may become deflationary as they have limited supply but with various things that make the supply become less and less everyday.
In my opinion that if you must understand the context of deflationary. I think that this can be known easily. yeah so many scam deflationary tokens outta here

dansus021

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Quote from: LOB069 on April 10, 2022, 10:57:01 AM

Deflationary tokens?? that is not good, they always generate a pyramid!! It's a ponzi in disguise or not??
What do you think?

behind deflation of token is actually good reduce coin supply and usually dev burn it to dead address
but most new project try using term "deflation" to gain more people come while the project is still at early stage and not full develop

so we need to careful and dyor before investing

asriloni

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Deflationary token was a scam idea. Bunch of deflationary tokens only being used as pyramid scheme by scammers. I have seen so many deflationary tokens already dead since a few years ago and this idea totally is not relevant anymore. You must also aware that when you are seeing the market and then you can try to dig it to see how many deflationary tokens already dead. This is not a good concept. Only a few that successfully implemented this idea but again this will be related with the token burn like what happened with ethereum.
Im not seeing any other coin that can become an example about how deflationary idea should work. Ethereum was the first that was successfully implementing this idea. You can see how many ethereum got burned every hours.

LOB069

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It is true that I agree with you!

Yogee

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I think it's a good concept but the problem is that these projects hype it up so much and fail to develop actual use case of the token. The token being deflationary should not become the main selling point but only a feature. The same thing should be said about projects with buyback and burn programs.

LOB069

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Yes, clearly I am not talking about bitcoin, but many tokens from both the eth and bep networks when they use that exaggerated burning of tokens per transaction and "redistribute them among their holders" in the case of safe moon, volt inu, and many others that in Actually, what it generates is a pyramid, since in this "redistribution" those who earn the most are always those who are higher up and older, therefore, the creators, employees, "private investors", etc.
Let it be clear that I am not talking about the gem of BITCOIN, I am not putting it into discussion, but I want to alert people to those ponzis, because in reality if you analyze it in detail, it is what they are

sunsilk

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It's just a description.

One example of deflationary is bitcoin. It's not a token or a coin but it's one of the most known cryptos in terms of deflationary. And when it's about scams or Ponzi. There are many of them that can be found mostly in new projects.

Bitcoin is deflationary but it's not a scam nor a ponzi. It has been described by many doubters and skeptics as that before. Now, it's proven its worth and they're all wrong with that description they've believed for bitcoin.

LOB069

newbie

Activity: 5

Merit: 0

Deflationary tokens?? that is not good, they always generate a pyramid!! It's a ponzi in disguise or not??
What do you think?

Topic: Deflationary tokens?? that is not good, they always generate a pyramid!! (Read 112 times)