MultiversX Tracker is Live!

Something really amazing has happened yesterday...

Etherum Reddit

More / Etherum Reddit 309 Views

Headlines: VB has donated $1B worth of Shiba Inu token to India Covid-Crypto Relief fund.

But is this as simple as it looks?

For all you don't know, the dev who created shiba, sent 50% of the supply to VB's wallet. why did he do that? It was to pin the burden on the shoulder of someone with accountability. VB is the face of crypto world unlike Satoshi Nakamoto. By doing this the shib dev was able to ensure that "if ever" shiba grew too big, VB would be in a position where he has to keep the tokens in his wallet as "burnt" token without profiting on them. A moral obligation. A man of his stature can't afford to do a rugpull and benefit off retail investor's money without taking the whole crypto ecosystem down with him. Might be a stupid move. Might be a brilliant. He pinned the burden of decentralisation on VB's shoulder by giving him the control of the power, that is, 50% of the supply!

Now our man, VB is a very smart. He carried this burden all along. But then with all the shitcoins/memecoins coming into this space, people getting rugpulled, investing without thinking anything, also not to mention making his network congested and skyrocket the transaction fees, he played a very smart move.

He showed the world he still can do what he isn't supposed to do! He still can touch and move and do anything with the "burnt" token being sent to his wallet. He acted and moved 5% of the shib's supply to a charity fund! And held the rest 45%. The tokens which were supposed to be sitting worthless in his wallet, are now $1B worth sitting in a relief fund.

With one brilliant move, he has shown the world how scary centralisation could be! A single powerful person who is in control of the majority stake can create FUD in the market with one transaction! Warned investors about the potential risks of chasing pump and dumps. And at the same time he also showed us the power of the community, the power of decentralisation, where people by the sheer power of their demand have turned something worthless, a shitcoin, a memecoin, which had no value to start with, into $1B worth of investment which is gonna save lives!

IT'S BRILLIANT, IRONIC, AND BEAUTIFUL ALL AT THE SAME TIME!

submitted by /u/EmbarrassedHeron9773
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments