{"id":10245,"date":"2021-09-20T10:46:28","date_gmt":"2021-09-20T09:46:28","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=10245"},"modified":"2021-09-20T10:46:32","modified_gmt":"2021-09-20T09:46:32","slug":"burning-ada-is-like-stealing-food-says-cardanos-creator","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/burning-ada-is-like-stealing-food-says-cardanos-creator\/","title":{"rendered":"Burning ADA is like stealing food, says\u00a0\u00a0Cardano’s creator"},"content":{"rendered":"\n
Burning ADA, according to Charles Hoskinson Cardano <\/a>creator, is on par with stealing groceries or stealing someone's wife, among other things.<\/h5>\n\n\n\n
\"Burning<\/figure>\n\n\n\n

One of the viewers of Charles Hoskinson\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>‘s ask-me-anything session recently expressed interest in the concept of deleting a portion of Cardano's supply for the sake of scarcity, and Hoskinson reacted angrily and angrily.<\/p>\n\n\n\n

Hoskinson stated unequivocally that the idea was the result of the user's “greed and stupidity”:<\/p>\n\n\n\n

We are so glad that you can tell us that we gotta destroy other people\u2019s money so that you can make a little extra money and then sell the ADA and move on to something else.<\/p><\/blockquote>\n\n\n\n

Coin-burning, Hoskinson continued, was comparable to stealing food from a supermarket, pulling gasoline <\/a>out of other people's automobiles, or snatching someone's wife, among other things.<\/p>\n\n\n\n

There is a maximum quantity of 45 billion ADA <\/a>available in Cardano, which some opponents say is excessive. Bitcoin, on the other hand, has a fixed quant ADA ity of 21 million coins, which is comparable.<\/p>\n\n\n\n

It was recently reported by U.Today that Hoskinson <\/a>has invented the “Proof of Burn” mechanism, which would enable anyone to destroy their own ADA tokens by sending them to an unspendable address.<\/p>\n\n\n\n

This past November, the Stellar Development Foundation destroyed a total of 55 billion Stellar <\/a>Lumens tokens, which were valued at a stunning $4.7 billion at the time of the burn.<\/p>\n\n\n\n

Binance, the largest cryptocurrency exchange, destroys its BNB tokens on a quarterly basis based on trading volumes.<\/p>\n","protected":false},"excerpt":{"rendered":"

Burning ADA, according to Charles Hoskinson Cardano creator, is on par with stealing groceries or stealing someone’s wife, among other things. One of the viewers of Charles Hoskinson ‘s ask-me-anything session recently expressed interest in the concept of deleting a portion of Cardano’s supply for the sake of scarcity, and Hoskinson reacted angrily and angrily. […]<\/p>\n","protected":false},"author":13,"featured_media":10256,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[193,4486,4493],"class_list":["post-10245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cardano","tag-charles-hoskinson","tag-gasoline"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/09\/image-177.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/10245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=10245"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/10245\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/10256"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=10245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=10245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=10245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}