In the figures above showing how you could afford to swap for BARR, I accidentally said 100,000 BARR when I meant 1,000,000. That's my bad, sorry.
in the OP
BARR – 230,356 coins burned out of 780,856 in circulation = 29% (self-burned BARR, sent back to the burnfund)
only 550,000 in circulation?
swapping Bumba for Barr could help strengthen both currencies apparently.
i have swapped names form this excerpt from your OP ..
– If BUMBA offers an exchange for BARR and the BARR supply is only partially destroyed, then BUMBA and BARR can both benefit. BUMBA can gain users and adopt the value of the absorbed coins which were burned, while BARR can continue with a higher value.
If you take a true statement and replace the most important word with something completely different, the statement might not be true anymore.
The most important word in the original statement was "BARR", but you've changed it to "BUMBA" which is completely different.
I guess it still applies because you said "if", but then it's just a hypothetical scenario that could never happen.
See, when BARR talks about burning an altcoin, thousands of dollars get spent and lots of coins get burned.
When Bumba talks about burning something, it's "amusing".
So it's not quite the same thing, no matter which words you swap.
Just quoting our statements and inserting your coin's name doesn't mean anything.
BARR has actually made those statements reality, on 8 different blockchains and with $30,000 worth of coins.
Bumba has not done that, and was not designed for that purpose.
of course it's exactly the same thing, it's still true
There is nothing uniquely special about BARR other than it's particular origin (from you) and it's name (BARR).
i could make a shitcoin, SWAP, and offer exactly the same services and that statement would be true.
or i could put aside a portion of Bumba (or create more Bumba) and set up the same protocol
it does strike me as amusing that in the process of burning shitcoins, you are quite happy to strengthen two coins in the process. no worry about reducing the amount of shitcoins in existence, just make them stronger.
Besides, we've already burned over 230,000 BARR ourselves, which is more than you could afford with 100% of all Bumbacoins.
Of course we had a reason to burn them, and we did it in a way that made sense.
We sent BARR back to the burn fund so it can be recycled and must be earned again with burned altcoins before it can go back into circulation.
But if you want to burn a few hundred BARR to go with the hundreds of thousands we've already burned, go ahead. If you buy them or earn them, they're yours to do with as you please.
edit.
although i believe you have a stupendous amount of BARR in the burn fund, that even if we did burn the entier current circulated quantity of BARR, you would attempt to keep issuing BARR until some time next century?
If we burned 100% of Bumbacoins, would you attempt to keep mining blocks and generating new coins with PoW?
But yes, BARR can continue for 100 years.
if i wanted to regularly invest several thousand dollars of my own money i could inflate the price of BUMBA to a point where we could swallow BARR. however at this point i dont really see any use as you will continue to pump out BARR for the forseeable future.
i could however continue to artificially inflate the value of BUMBA, whilst creating a protocol where through a similar release/halving system we could continue to burn BARR for the next 100 years.
(if necessary we could artificially create another million or so BUMBA for this purpose as well)
any artificial protocol is easy to copy. it's just a matter of doing it.
first of all create an artificial pump for BUMBA through injecting funds,
swap coins,
repeat regularly.
(it does make me consider the NEXUS swap model would be more useful here, as dumping BARR on the market place would help the process by continuing to de-value BARR (rather than strengthening BARR) and also convert them back into more buy support for BUMBA.)
that could result in a competition of who could artificially inflate their coin value the most, reminding me of the american political system where there is a corrupt system of waste taking place to see who can waste the most human resources.
haha although the competition would end with the strengthening of both BARR and BUMBA.
although tbh, strengthening is not necessarily true.
reducing coin supply, while increasing price .. inversely proportional and all that.
does increase value for some coin holders though
--
i'm not that averse to Barr swapping coins, nor Digital Credits swapping coins, nor Nexus swapping coins, nor any other coin swapping system that may happen.
i'm not that averse to you continue to investing your own cash to inflate values to a point where it becomes useful to swap.
i agree that swallowing coin systems may create a stronger coin system,
i am quite amused that you have a system, that through the artificial injection of personal funds you can strengthen both shitcoins at the same time
i would like to point out that creating manipulated economic models does not make Barr an automatic success.
anyone can create an arbitrary value for any shitcoin by putting money in, that's how a PnD works,
the real value of Barr will be revealed in the future.
i wish you luck with your coin strengthening
and if anyone wants to swap Barr for Bumba, send me a pm and we'll work something out
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edit if there is any consideration of ever swapping bumba, i will do anything useful towards it.
ie not dumping the remains of the premine
as they enjoy the same artificially valueless state of the Barr burnfund