What Happens to Bitcoin After All 21 Million Are Mined?

X-Post from /r/Bitcoin: Bitcoin Critics/Skeptics, it is often presented as a handwaving argument that bitcoin (the currency) is flawed because it is deflationary, but never with a specific argument as to why it would be, seeing as there is little or no bitcoin-denominated debt/wages/prices. Discuss!

submitted by iwantathink to Economics [link] [comments]

Is bitcoin a "deflationary currency"? No, not in the sense that people use the term. I've created this flowchart to show you the difference. Monetary Deflation vs. Price Deflation

Is bitcoin a submitted by nagdude to Bitcoin [link] [comments]

One of the major arguments against Bitcoin is the deflationary nature of the currency. The Federal Reserve says 2% inflation is best for "price stability and maximum employment" over the long term. Do you think an inflationary cryptocurrency would be better than Bitcoin? Further thoughts in text.

As I mentioned in the title, The Federal Reserve thinks 2% inflation is best. But this is within the context of a debt based currency with fractional reserve lending.
Debt free currencies, such as Bitcoin, have been known to work in the past. For instance, the American British Colonies issued their own currencies and designated them "legal tender for all debts public and private". There was also President Lincoln and his greenbacks.
There was often inflation with this monetary system, but the good thing about inflation is that it can favor the debtor over the creditor.
The opposite is true with a deflationary currency. Deflationary economic depressions are often really bad. The Great Depression was a deflationary collapse. Granted this was under Federal Reserve Act and I believe was intentional on the part of the Fed.
That being said, Bitcoin could present that same problem if it ever gets widespread adoption. If it skyrockets in value suddenly people are just going to stop spending money, thus reducing demand for goods and services and causing layoffs, etc.
Under an inflationary currency, there's more pressure to spend or invest because the currency is losing value and you want to beat the inflation of your stored value in currency.
So my thoughts on Bitcoin is that it's a good start for cryptocurrencies, but ultimately sovereign nations will need their own national currencies that are at least slightly deflationary. I also think it's a good idea to use blockchain technology, but with the democratically elected government in control of the rate of inflation and limits set by the algorithm. The currency is part of the nation's constitution, and thus prohibits central banks and debt based currency.
That's one potential future for Bitcoin and cyptocurrency, but I'm open to hearing other people's thoughts on why Bitcoin works as a deflationary currency with a high rate of adoption.
submitted by everyone_wins to Bitcoin [link] [comments]

83 tons of fake Gold from China last week

83 tons of fake Gold from China last week submitted by Joy_McClure to conspiracy [link] [comments]

Best Potential Moonshot Hands Down; TRUSTSWAP (SWAP) Full DeFi Suite, Simple P2P Trustless Escrow, and Great Tokenomics!

Trustswap https://www.coingecko.com/en/coins/trustswap
Okay guys I've spent the last two days learning about this token and I've come away very impressed. I think this token may be a serious contender for best performer this year. On the TrustSwap social platforms it feels like 2017. Here's some info about the company.
TrustSwap is a DeFi project created by the founder and CEO of Uptrennd Jeff Kirdeikis. Most notably he has the largest cryptocurrency investing group on Facebook, and he is what Tom was to MySpace but for Uptrennd. He host The Bitcoin and Crypto Podcast which is actually very good, and he has a massive following on Twitteother social. Better yet, this guy is a marketing genius like a less annoying Justin Sun. He has a pipeline of good news lined up and knows when and how to release that information on the masses. Everything he does seems meticulously thought through. He continually affirms his commitment to get SWAP listed on high volume exchanges with MXC yesterday, Hotbit today, and Houbi/Bitmax tomorrow he is actually succeeding. He is also very responsive and has team moderators standing by in the social media channels to field questions/vanquish FUD.
Here are the basics:
TrustSwap is building a DeFi ecosystem that will start out as a simple P2P trustless escrow and payment platform and evolve into a fully decentralized exchange (DEX) with leverage and futures options all offered via non-custodial smart contracts. They will also offer multi-chain token wrapping as a service and on-chain governance using the native ERC-20 token SWAP.
Imagine being able to wrap BTC, Monero, Digibyte, or any crypto and then trade it on uniswap, or have it interact with Ethereum compatible wallets, and applications.
Through this, you can move funds cross-chain without ever having to sign up to a Centralized Exchange, allowing you to never have to KYC, staying fully anonymous across exchanges.
Wrapping tokens also offers huge benefits to new blockchain projects that have their own chain, allowing them to save massively on listing fees, as well as instantly be connected to strong wallets and decentralized exchanges.
This puts the ability to trust back in the investor's hands and might spark a new ICO boom as new projects eager to establish credibility rush to use it. So yes beautiful wrapping everything layer 3 solution my brothren. And highly incentivised holding economics, for example rewarding users from fees collected from the DeFi network! And staking;
All fees paid to the platform will get split as follows:
80% goes back to holders as staking rewards
10% are burned forever (adding that value back to token holders)
10% goes to the dev fund which can be used as the community sees fit
This project has massive potential and is already building a strong community foundation with big moves coming soon as more exchanges and markets come on board. The staking and deflationary tokenomics make this a long term HODL for me.
Token Metrics:
Total Supply: 100,000,000 SWAP
Circulating Supply: 62,500,000 SWAP
Market Cap: $3.6 million
60,000,000 SWAP Initial liquidity offering on uniswap about two and half days ago, price dropped at like $0.035. Volume bottomed out and rising again (same with holder count).
20,000,000 Team Supply
20,000,000 Marketing, development, legal, bounties, OTC investors, airdrops.
LINKS:
Website: www.Trustswap.org
Discord: https://discord.gg/GNUrcK
Telegram: t.me/TrustSwap
Token address; https://etherscan.io/token/0xcc4304a31d09258b0029ea7fe63d032f52e44efe
Uniswap; https://app.uniswap.org/#/swap?inputCurrency=0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2&outputCurrency=0xcc4304a31d09258b0029ea7fe63d032f52e44efe
Extra nugget from Jeff on Discord; "@everyone
SwapLogo SWAP is listing on Hotbit this Monday! SwapLogo https://hotbit.zendesk.com/hc/en-us/articles/360051689713
This is the first step into TrustSwap's emergence in the Asian markets. We are going to be kicking off major marketing campaigns with an Asian marketing firm within the coming week to follow up this listing.
We also have a couple more Top-50 listings lined up for this week as well
When we had a vote to see which exchange you wanted to see SWAP listed on, Huobi was the winner by a massive margin, so we will be opening up the conversation with Huobi to get SWAP listed on there also in the near future."
DYOR!! Godspeed! I'll see you guys on the other side!
To address FUD about OTC investors dumping, yes they are dumping, it's my belief most weak hands have exited the market, they got in at $0.005 per SWAP.
submitted by Rational_Optimist to CryptoMoonShots [link] [comments]

Can someone explain to me how Bitcoin prevents inflation?

If people started using bitcoin instead of FIAT.

When economies keep growing but they have a limited number of Bitcoin. Would that not result in price of bitcoin slowly increasing which would result in cost of living increasing? Would that not have the same effect?
submitted by Stevie_wonders88 to Bitcoin [link] [comments]

PAMP Network(PAMP). BUY. HOLD. CLAIM REWARDS. PAMP is designed to punish sellers and reward buyers and sellers based on their staking/reward Mechanism. This will truly go Parabolic...!!!

What is PAMP Network?
PAMP is the worlds first price- reactive cryptocurrency on Ethereum, designed to encourage buyers and reward holders while penalizing sellers.
When the token price appreciates, token holders receive staking rewards based on several factors including the percentage price increase, how long they have been holding for and how many tokens they hold. Rewards are distributed on a daily basis!
If the token price does not appreciate, no rewards are minted. Sellers who move their tokens around have their stakes reset, negating any bonus rewards they may receive when the token appreciates in value.
In addition, PAMP is deflationary, meaning that all token transfers have between 1-3% of the transfer burned.
Holders are strongly incentivized to buy tokens and HODL for as long as possible, and are penalized for not doing so.
Additionally, being semi-deflationary, the Pamp Network embodies a similar value structure to Bitcoin and Ethereum 2.0 – the system has incentive structures built in that promote holding the token, thereby acting as a proper hedge against inflationary fiat currency.
Website:
https://pamp.network
Token Utility:
It's a price-reactive token, so token holders receive rewards when the price increases. When the price decreases, no tokens are rewarded. When you sell on Uniswap or transfer you pay an 8% fee that is burned (no fee on buys). We also have a liquidity staking program like AMPL where you receive PAMP tokens for staking Uniswap liquidity.
Uniswap Address To Buy:
https://uniswap.exchange/swap/0xf0fac7104aac544e4a7ce1a55adf2b5a25c65bd1
Uniswap Info Page:
https://uniswap.info/pai0x1c608235e6a946403f2a048a38550befe41e1b85
Token Economics:
Current Price: $.21
Circulating Supply: 1.5 million
Total Supply: 3 million
Marketcap: $315,000
Upcomming NEWS soon..!!
  1. New Staking Dashboard
  2. New Website
  3. Chainlink Oracle Integration next month 🚀
  4. Mobile/Staking Wallet in next 2 weeks
  5. New exchange listing in next couple of days/week...!!🚀
Website:
https://pamp.network
Coingecko:
https://www.coingecko.com/en/coins/pamp-network
Telegram:
https://t.me/pampnetwork
Twitter:
https://twitter.com/PampNetwork?s=21
Team: 5+ and growing
FYI: 50% of All Dev Tokens are locked for 2 years. Other 50% is for liquidity. Shows true commitement.
Liquidity Staking Program Link:
https://medium.com/@pampnetwork/liquidity-staking-program-and-second-otc-sale-live-796644bb0734
Regular Price- Reactive Staking:
https://medium.com/@pampnetwork/updates-staking-rewards-live-otc-liquidity-drive-996f09a14703
Buy and Hold PAMP Tokens
Purchase PAMP tokens on any exchange, such as Uniswap or IDEX*, and send them to your Metamask wallet.
Claim Your Stakes Every Day
When the latest prices have been updated, visit our website (https://pamp.network) and claim your staking rewards. Internally, this calls the smart contract function that determines how much you are owed based on the price change and other factors such as how long you have been holding for.
Grow Your Portfolio Infinitely
As long as you HODL and claim your stakes every positive day, the price will inevitably appreciate and so will your portfolio! It’s as simple as that. HODLers are incentivized to keep HODLing, and sellers pay high fees and lose future staking rewards when they don’t HODL.
submitted by Jsacjsh2000 to CryptoMoonShots [link] [comments]

The 64 Millionth Litecoin has been mined.

The 64 Millionth Litecoin has been mined. submitted by MLPFrank to litecoin [link] [comments]

Deflation is a good thing now....?

Deflation is a good thing now....? submitted by _KarmaPolice_ to Buttcoin [link] [comments]

Bitcoin for beginners

How ironic that one day everyone began to hear that they were cryptocurrencies, but everything that referred to them was synonymous with Bitcoin everywhere they talk about it, the strange thing is that more than 10 have passed years since this project started and many continue with blindfolds, we have evolved, revolutionary things have come into our lives, the last decades have come technologies that have changed our paradigms, such as the internet and many more came one of them it's bitcoin.
Bitcoin arose from the need for a safe, transparent and reliable money. All this is described by Satoshi Nakamoto in his white paper https://www.bitcoin.org/bitcoin.pdf this is at the hand of all so that we can see and read it and know how its structure is shaped and the purpose it has as a currency. Its operation occurred on January 3, 2009, when the genesis block of the chain was published, which was the first block mined in the network, bitcoin turns out to be for the time a magnificent money for the environment that was growing and its use was not long in Expanding its adoption, Hal Finney was one of the first people to support and contribute with Bitcoin since it was part of one of the first nodes, bitcoin has a maximum number of bitcoins that can be created on the network which is 21 million BTC Being this way it solves the problem of inflation since it is a deflationary currency, this system means that no more can be generated and its value will rise more over time due to the supply and demand that there will be in the market.
Every time a transaction is made there will be a number of validators that work to verify that the network is correct, this is through the blockchain is the accounting book where all the transactions made from the genesis block are stored , it is public and we can all see how it works that they do not draw cards up their sleeves, these blocks are mined every 10 minutes with a size of 1 mb approximately 2048 transactions that were made and will be mined by a very important group called miners who solve a mathematical process called proof of work with this will be the final process for your BTC sent will already be in the hands of its recipient.
To make a transaction you only need the address to which you want to send BTC or the QR code to be faster and select the amount in your wallet, with this you will only have to pay a commission for the work carried out by the miners that can vary depending on the time with which you want your transaction to be verified or to be mined in the next block of the chain. Today Bitcoin is the most important currency in the entire market with a strong ecosystem and a very large community that grows more for the security it offers, its price when making this post reaches $ 9,342.58 and a market capitalization of 168,004,364,619, $ 45 with which it takes the number 1 spot on the coinmarketCap list.
original post.
Bitcoin para principiantes
submitted by bigbrotherfun to Bitcoin [link] [comments]

199 days til Bitcoin production is cut in half, forever and ever.

submitted by Bitcoin1776 to Bitcoin [link] [comments]

A turning point is approaching

A turning point is approaching submitted by MattAbrams to btc [link] [comments]

Celo technical review

Introduction Celo Technical Review: What Celo Wants to Achieve? Celo’s main motive is to make their crypto currency as a platform of payments. These are some of the problems faced in the crypto industry now: - Existing crypto currencies like Bitcoin are not used as payment platforms as they are considered store of value due to their deflationary nature. - Crypto in itself is very difficult with bad UIs and very difficult for the users to manage their keys and they require the public key of the user whom they want to send payment. - There is no concrete governance structure in crypto currencies. Celo wants to eliminate the above problems by following methods: - They are proposing to introduce a stable coin with elastic supply backed by variable reserves - They are using Address Based encryption to make ease of use of payments - They are introducing Governance structure at different levels. What is Address Based Encryption? Address Based Encryption is a novel approach of enabling the user to use their phone number or email address as a secure way of messaging. Users generate traditional ways of public / private key and encrypt their public key with their phone number, so they can use their phone number to send / receive Celo money. This encrypted value will be stored in a database and committed by the validator. This is what Celo is mainly pitching to reduce the dependency on people to use their public keys while transferring payment to reduce user onboarding. All one has to do is a one-time setup and then you can use your phone number as an address for sending payments! As simple as that! This is what Celo is hoping to achieve. Although this model does bring its own set up of problems, Celo addressed these issues and how they plan to resolve these in their white paper. We have some queries on these approaches which we will address at the end of this review. What is Elastic Coin Supply? Celo has two assets, Celo Gold and Celo Dollar. - Celo Dollar which will be the stablecoin. Celo Dollar will be elastic in nature as it will be freshly minted if the price goes above the peg. - Celo Gold is the utility token of the blockchain. Celo Gold will be used for governance, staking and as an incentive for developers which will be put in reserve. Celo Governance Since Celo uses Proof of Stake, Celo Gold will be used for staking and also for any governance decision making. This will be done by sending the Celo Gold tokens to a smart contract with a withdrawal notice set for a duration. White Paper Summary Overall, a good paper presented well. The value of Celo Gold will depend upon the usability of the Celo platform. Perhaps, something to learn from ETH where the value of ETH has risen because one can build various tokens on the ETH network. Questions for Celo Team (White Paper) - For the Address based encryption, it is mentioned that validators will be used to attest the signatures. * Our Question(s): How many validators will be used and what's the slashable criteria for the validators? - For mitigating the DDOS, a cost to attestation is required, which basically means users sending out a fee for attestation. * Our Question(s): Wouldn't this hamper a new user, as he has to pay a fee just for registering his key? Also, what is the time overhead required for the validators to verify and attest the message? - Regarding the Elastic Coin Supply, it is mentioned that when the Celo Dollar price is above peg, new coins will be minted and instead of distributing them to the user, they will be used to buy various other crypto-assets and sell them when required. * Our Question(s): What are the assets that will be bought is not cleamentioned and weI really think this is not a good method as we know the value of crypto assets might decay over a period of time. Any thoughts on that? Also, who will cover for that if net value ends up as loss? - Also, to be elected validator, it was mentioned that the users can form groups and pitch themselves to be validators. * Our Question(s): Wouldn't this make the protocol more centralized, something akin to a DPOS system? Other Question(s): - What are the criteria of slashing funds of a validator? - What about storage problems, since they are forking ETH, wouldn't they inherit the same problems ETH has with respect to speed and storage overhead? - To make any technical improvements, anybody can make a bonded deposit and validators can vote on that. But wouldn't this pave way to the incorrect technical improvements to be made and also will the deposit be slashed if there is incorrect spec on the improvement submitted by the developer? - What will be the function of a smart contract platform in addition to the bonded deposits and attestation of messages?
Celo Code Review Celo Repositories and Blockchain: Celo has 69 repositories. Initial observations are that Celo blockchain is a fork / copy of GETH with some modifications. Key Modifications: - Addition of BLS signatures - Addition of Istanbul-BFT consensus in place of POW - Introduction of Celo Gold Tokens BLS Signatures: A simple explanation is that BLS Signatures offer a better way of aggregating signatures and reducing the storage in blocks. However, verification of these signatures still takes time. IBFT Consensus - Istanbul BFT consensus: A simple explanation of IBFT Consensus is that it is modified PBFT which is most suitable for permissioned networks. This consensus works well with a smaller set of validators and is fast and also offers safety for up to 2/3 of the dishonest nodes. Celo Gold Tokens: Celo Gold Tokens is a native token of Celo Blockchain, just like ETH for ethereum blockchain. Having reviewed all the repositories, we feel that there are a lot of other repos which have most of the code they have mentioned in the white paper, like Governance, Slashing, Stable Coin etc. Overall, all the other reports are well maintained. We don’t see any major red flags in their repositories. Questions for Celo Team (Code): - Our only observation is that we are still unable to understand why they would be needing a separate blockchain to carry out all aforementioned functions. Can't they use PoA network, which is similar to their blockchain, and they can still add the aforementioned functions or better be as a sidechain to ETH?
- What's the reason for forking ETH? - What’s the Unique Selling point for Celo in the midst of several stable currencies, are we relying only on the one point of ease of access? Should I invest in Celo or not? The Matrix's Red Pill or Blue Pill or Celos’ Green Pill — Which Is Better? Discuss, ask questions here and we will learn. source:https://t.me/DotCrypto
submitted by thesecopy to CryptoMoonShots [link] [comments]

The COVID19 / Bond Impact on Stocks and Crypto

The COVID19 / Bond Impact on Stocks and Crypto
Alex Wason and John Barry | Mon Jul 06 2020

The Federal Reserve Stimulus Leads to 0% Bonds

On March 15th, the Federal Reserve started the first round of its stimulus plan to stabilize the tumultuous economic conditions caused by the country-wide shut down due to COVID19. Significant was a $700 billion round of Quantitative Easing (QE) and the cutting of interest rates effectively to zero percent. The reaction of the stock market and most asset classes was to continue its downward trend that had started in late February. The Federal Reserve continued to make smaller policy changes during the next 8 days until March 23rd when it announced its “extensive new measures to support the economy”. In short, the Fed is expanding its QE program announced on March 15th and will be making additional expansions in the future as needed. This time Wall Street reacts positively, as March 23rd was the starting point of a historic bull run.

The Breaking of the 60/40 Model

The 60/40 model of portfolio allocation has been a traditional portfolio management strategy used for over 30 years. The strategy states to put 60% of your funds into stocks and the remaining 40% into high quality bonds. The philosophy behind this investment strategy is that by having your portfolio diversified this way, you won’t take a huge hit if your stocks go down because you’ll have returns from bonds to make up for it. This is a strategy generally used by people with low risk tolerances, or people who don’t want to constantly keep their eyes on the markets. Over the past few decades, the 60/40 model has demonstrated a good amount of success; however, there are many who believe the chances of this strategy continuing to function successfully into the future are very low.
Both JP Morgan and Bank of America have released statements on the decline of the 60/40 portfolio. JP Morgan strategists have stated “In the zero-yield world, which we think will be with us for years, bonds offer neither much return nor protection against equity falls,” referencing the fact that the majority of government bonds are trading at yields below 1%. In a research note titled “The Death of 60/40” Bank of America strategists had this to say, “The challenge for investors today is that both of those benefits from bonds, diversification and risk reduction, seem to be weakening, and this is happening at a time when positioning in many fixed-income sectors is incredibly crowded, making bonds more vulnerable to sharp, sudden selloffs when active managers rebalance.”
So, with diminishing trust and poor returns from bonds, many investors are looking for other assets to replace the 40% hole in their portfolios. Many are increasing their percentage allocated to stocks in addition to investing in Gold and other metals as a protection against inflation. Many investors are also looking to Bitcoin.

Asset Reallocation Flowing from Bonds to Stocks

The historical runup in stock prices, specifically for the tech heavy Nasdaq, started on March 23rd. With the NAS100 index up close to 60% (from $6,584 to $10,616) in less than 3 months. It's not showing any signs of slowing down. In the opinion of QuantifyCrypto, the major reason for this is the flow of capital that would normally be going into bonds is now going into stocks. Yes the Fed stimulus is positive, but can you say the market conditions are actually better for stocks when there is still uncertainty in the future? While some stocks are fundamentally better due to COVID19, this is not true for most stocks. The next chart shows the price movement of the NASDAQ 100 Index for 2020.


NAS100 Daily Chart from Trading View

Asset Reallocation to Cryptocurrency – When?

When asked about the current demise of the 60/40 portfolio model, veteran investor Dan Tapiero stated there could be “nothing more bullish for gold and bitcoin,” and that we are in the midst of the “beginning of the end for [government] bonds as a functioning productive asset class. Traditional 60/40 portfolios will need to find a new defensive asset to replace a portion of the 40%.” It seems that other players in the world of finance are saying similar things, hedge fund manager Paul Tudor Jones told CNBC in May that Bitcoin is a “great speculation” and that he has one to two percent of his assets in Bitcoin.
Historically, Bitcoin and other cryptocurrencies tend to have higher volatility than stocks. Three days before the Federal Reserve started making its announcements, Bitcoin went down over 50% in a single day. High volatility and a full price recovery continued in April and May, with Bitcoin closing on May 30th at ~$10,440. Until this point, there had been a high correlation between the NASDAQ 100 and Bitcoin as shown in the chart below.

NAS100 Daily Chart with Bitcoin (blue line) added
Since June 1st, Bitcoin has clearly lagged while stocks have continued their upward climb. While Crypto has been stagnant and down since May, the fundamental picture has never been better:
  • The Central Bank stimulus response is inflationary to Fiat currencies, this is positive for non-inflationary assets like gold and cryptocurrency.
  • The lack of new funds moving into bonds is flowing into stocks. When the stock market advance slows or starts to decline, the flow into other assets classes will start to increase.
  • The full deflationary impact of the Bitcoin halving still has not kicked in.
  • Corporate adoption and use cases for cryptocurrency is accelerating (Future article).
  • Before COVID occurred, 2020 was looking like a very strong year for Bitcoin and Altcoins. This price strength is likely to return.
As government bonds continue to trade with yields below 1%, it is safe to say that more and more people will be abandoning the traditional 60/40 strategy. While it’s too early to determine what the new percent strategy will become, with Bitcoin presenting a clear solution to the problems with bonds and the diminishing value of cash, portfolio managers may very well be using cryptocurrency to solve their diversification requirement.

The platform Quantify Crypto provides live cryptocurrency prices, technical analysis, news, heatmaps and more. Our flagship product is the trend algorithm, designed to be on the correct side of significant cryptocurrency price moves. We are a new site, please check us out and let us know what you like and do not like about the site.
None of this is meant to be financial advice and I do not have any financial expertise. John Barry worked at the New York Stock Exchange for over 23 years, it was as a developer supporting computer systems, not as a stock trader.
Alex Wason is an intern working for Quantify Crypto
Full discloser: John Barry owns Bitcoin and has stock positions.
submitted by QuantifyCrypto to Bitcoin [link] [comments]

Daily Discussion, July 22, 2019

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!
If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.
We have a couple chat rooms now!
Please check the previous discussion thread for unanswered questions.
submitted by rBitcoinMod to Bitcoin [link] [comments]

Suggestions for a better Bomb community

Hello, Bombinos.

First of all, huge thanks to all the team, mods and people working on the project. I'm writing some suggestions aiming to organize and grow our community and increase awareness about the project. It's divided in three specific topics related to strategy, communities and marketing. But first, I'll suggest some aesthetic changes in this subreddit to make it look more friendly.
A) The font color in the topic on the front page is too dark in my desktop screen. The background is black and the font is dark gray, making it almost unreadable. It has to be changed to a lighter tone.
B) The text on the sidebar is incomplete. I made some alterations in the new text below.
"Bomb, the original and first deflationary currency experiment, was born after an airdrop in the end of 2018 aiming to answer one simple question: Can a deflationary cryptocurrency work as a store of value? The Bomb currency works by destroying 1% from every transaction recorded in the Ethereum blockchain. Only 1,000,000 tokens were minted. There will never be newly minted tokens."
C) The sidebar should include a price ticker similar to the one used in the Telegram group and include our etherscan address.
D) The sidebar should also include links to the Telegram and other communities.

1- Strategy:

A) First deflationary currency and importance of the Bomb Token against governments printing money.
The economist Friedrich Hayek from the Austrian school, in his acceptance speech titled "The Pretense of Knowledge" at the Swedish Nobel Academy, emphasized the importance of letting the economy free of government interference, specifically in the case of a continuous injection of additional amounts of money at points of the economic system where it creates a temporary demand, which generates a future imbalance after the artificial demand ceases. We are seeing this today with the interference of governments on the economies after the coronavirus. Trillions of dollars are being given to companies that don't have any idea how the consumers will react when the economies restart. The irrationality of the human behavior must be considered in this case, because there's no scientific theory to guarantee how the people will react after the restrictions are over.
With all this new money on the market, we are risking a long term inflation that devalues national currencies like we have never seen before. That's where a deflationary currency becomes important as a hedge against this anomaly created in the market and this enormous sum of new money.

B) Increasing the network effect to protect the asset
To have a chance against its competitors, Bomb must protect its network against copycats and bad actors. The best way to do this is to increase the number of holders and, subsequently, wallets, to squash the power of any holder to manipulate the price and even crash it. We have to protect our network the same way Bitcoin did, increasing the number of financially interested people to a point where it's not productive to manipulate the price.
Bomb has another quality that makes it prone to manipulation and volatility. One person (or entity) holding a lot of tokens can game the system using an exchange that runs off-chain transactions to crash the price. We are seeing this today. The transactions are happening but there's no burn and the price keeps going down. The only way to protect against this kind of bad actor is to increase the network effect and spread the