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I literally made an account on this forum (finally) just to point out the obvious scam in all of this:
So you're proposing burning a coin and receiving credit for burning in BARR, however this means eventually BARR is going to have some value on the asset exchange. That is 1 BARR = x units of NXT.
Since you control the supply of BARR, what is honestly preventing you from when x hits some desirable rate that you just don't dump a huge chunk of your BARR onto the market, make a nice profit and walk?
Also, lol the fact that you're doing this manually, this honestly wouldn't take more than a day or two to automate, since people can attach messages to transactions they could put their NXT address / pub key in the message field, submit the coins to the burn addresses listed and you have a worker bot that pays them out automatically -- literally a day of coding tops.
tl;dr
obvious (eventual) scam, dev probably doesn't know jack about coding
So you're proposing burning a coin and receiving credit for burning in BARR, however this means eventually BARR is going to have some value on the asset exchange. That is 1 BARR = x units of NXT.
Since you control the supply of BARR, what is honestly preventing you from when x hits some desirable rate that you just don't dump a huge chunk of your BARR onto the market, make a nice profit and walk?
Also, lol the fact that you're doing this manually, this honestly wouldn't take more than a day or two to automate, since people can attach messages to transactions they could put their NXT address / pub key in the message field, submit the coins to the burn addresses listed and you have a worker bot that pays them out automatically -- literally a day of coding tops.
tl;dr
obvious (eventual) scam, dev probably doesn't know jack about coding
Yo did the devs actually just ignore this? i was browsing and noticed this, had to make an account just to point out how the devs tried to burry this without response...
id like to hear what they have to say, for one.
