RE: Introducing Buy 'n Burn

I firmly believe at this point the only thing that matters is more users.

I believe that HIVE Engine is the most likely source of new users. Splinterlands seems to draw more users to the platform than the forum.

Serious developers will judge HE on daily volume of the coins.

Anything to increase the daily volume is good.

Use Cases of HE Coins

Most of the coins on HE were issued by people who wanted to fund projects with the creation of a coin. In most cases, the interest was the only use case for the coin.

That design was not sustainable. It led people to drop cookie cutter tribes with coins that were guaranteed to collapse.

Many of the alt-coins simply gave money to the creators of the coin then left the public holding a bag.

The question in my mind is: How does one create a compelling use case for a coin?

The best way to create a compelling use case for a coin is to create a mechanism that buys the coin.

People are more likely to use a coin if they know that there is a future buyer for the coin.

Simply buying coins increases the market capitalization of the coin. Users fear that all the generated coins will come back and swamp the market.

The ultimate use case for any coin would involve a mechanism that buys the coin and then burns the coin.

The account @buynburn is not simply about burning coins.

I intend the account to fuel a discussion about ways to create use cases for coins on HIVE engine. The ultimate use case for any coin is something that buys the coin and then burns it.