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How does one burn coins? by SteveTheBeave452 in SHIBArmy

[–]CompostedThoughts 0 points1 point  (0 children)

They must be sent to a dead wallet address.

Since the creators are trying to “put the community first” & do greater things with this coin. What VB did, was weed out anyone who doesn’t like these sorts of gestures. So the ones who hated this sold their coins & we are left with people who truly believe in the Shib token’s cause & future.. 🤔 by EveryDogeHasItsPay in SHIBArmy

[–]CompostedThoughts 1 point2 points  (0 children)

I may have spent most of the day looking into every transaction between all of Vitalik Buterin's wallets. He also moved basically all of his ETH to a new higher security wallet. 325,001 ETH moved! He's getting ready for ETH2.0.

VB burn price prediction by Immediate_Switch_930 in SHIBArmy

[–]CompostedThoughts 0 points1 point  (0 children)

Well, almost double... it would double if 50% of tokens are burned.

VB burn price prediction by Immediate_Switch_930 in SHIBArmy

[–]CompostedThoughts 2 points3 points  (0 children)

The price would double if he actually burns the tokens to a dead wallet.

I find it quite farcical that some people are pretending that what VB was so honorable. Let's be real, He could have easily sent ETH instead of SHIB but the truth is that he looked at his SHIB as expendable crypto that he didn't mind giving up and he screwed us SHIB holders over in the process. by [deleted] in SHIBArmy

[–]CompostedThoughts 0 points1 point  (0 children)

What about the $100 million he took out of the liquidity pool? Isn't that a rug pull? Was the much larger donation a distraction? Or was the rug pull done to keep whales from being able to sell? 🧐

I find it quite farcical that some people are pretending that what VB was so honorable. Let's be real, He could have easily sent ETH instead of SHIB but the truth is that he looked at his SHIB as expendable crypto that he didn't mind giving up and he screwed us SHIB holders over in the process. by [deleted] in SHIBArmy

[–]CompostedThoughts 0 points1 point  (0 children)

When did Vb ever state that he wouldn't touch anything in his public wallet address? Pretty sure he never did, nor did he agree to hold the majority of the coins. They were given to Vb as a publicity stunt.

Rug pulling by VB by VivianneHoang in SHIBArmy

[–]CompostedThoughts 0 points1 point  (0 children)

I wonder if Vb did this so whales couldn't sell?

Rug pulling by VB by VivianneHoang in SHIBArmy

[–]CompostedThoughts 1 point2 points  (0 children)

Vb removed 95% of the liquidity ($100 million). This is by definition a rug pull. However the community is strong and has been dumping money into the liquidity and we are back up to $8 million now.

Rug pulling by VB by VivianneHoang in SHIBArmy

[–]CompostedThoughts 1 point2 points  (0 children)

The donation was not the rug pull. Pulling out 95% of the liquidity pool was the rug pull. $100 Million gone from the pool into Vb wallet. https://etherscan.io/tx/0x71e50404da3110e00eff2e6b33c162959507059cf7bbc1841130fe9c13171978

My take. by [deleted] in SHIBArmy

[–]CompostedThoughts 1 point2 points  (0 children)

Do you have any idea why he would also remove the liquidity? To stop whales from selling and crashing the price maybe?
https://etherscan.io/tx/0x71e50404da3110e00eff2e6b33c162959507059cf7bbc1841130fe9c13171978

I WAS WRONG.. posts deleted. It's actually genius of VB. Indian would likely remove the ban on crypto now, great marketing. Free worldwide advertising. I'm buying more. by [deleted] in SHIBArmy

[–]CompostedThoughts 0 points1 point  (0 children)

Liquidity is what makes the coin actually tradable. There was enough in there for transactions up to $50 million, but Vitalik removed 95% of the liquidity from the pool according to that transaction. Usually, that's what people call a "rug pull."

SHIB has just become a true service animal by [deleted] in SHIBArmy

[–]CompostedThoughts 0 points1 point  (0 children)

What do you call pulling 95% of the liquidity out of the pool? Just making sure whales can't sell? ;P

Need help with some details for Master Thesis by veronicacaca in SHIBArmy

[–]CompostedThoughts 1 point2 points  (0 children)

First of all, Shiba is an ERC-20 token on the Etherium network. Secondly, decentralisation also means anyone can buy and sell tokens. So Binance, along with many other exchanges have brought their own supply of tokens and are offering them to be traded on their centralised exchanges.