with a solution to all that FTX fiasco token unlocks ? Just wondering why we can’t block those wallets from unlocking as a whole community so solana can flourish.
Hey, SOLANA blockchain network based on decentralization, this implies that the Solana team or foundation does not have direct control over wallet addresses and transactions.
Maybe a burn of some of the ftx sol tokens could help to reduce the impact on the price?
You'll burn another person's money? Who will pay for it, you?
No i thought if the Total supply is lower, each coin is worth more. Just thinking
So what you're saying it would be good if we burn your holdings? 😉
Well, obviously i have a mistake in my understanding about supply and market cap
Those are 2 different things. 1. You are correct at implying burning increases demand vs. Supply. 2. You suggest burning someone's property to do so
It is not someone else’s money we are talking about. It is a chunk of solana tokens “handed” to ftx and sbf because of which everyone else’s money will now burn. Big difference 🤷♂️
Just my humble opinion but this basically telling the solana community to bear a chunk of the buddy of FTX debacle. Last I checked I had nothing to do with it so I really shouldn’t have to give my money to support that recovery. Don’t you think ??
I think this whole discussion is pointless
Friend discussions are not pointless that’s how you find solutions specially when so much is at stake
Doesnt have the Solana developer any residual tokens? Would not burn tokens from people i thought reducing the Total (from residual not sold tokens from solana fiundation) supply could stabilize the price if the amount of ftx were sold. I think i dont get all Details right
Best to dyor tbh
We have a lot speculations around
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