InvestorsHub Logo
Followers 15
Posts 1291
Boards Moderated 0
Alias Born 07/29/2017

Re: Oh The Wise Guy post# 32609

Thursday, 07/21/2022 9:22:41 AM

Thursday, July 21, 2022 9:22:41 AM

Post# of 57713
The creator of Shiba sends 50% (500 Trillion tokens to Vitalik Buterin to get 50% of the total created amount of tokens out of circulation, that's what's said in the article. And that's not true. Because should that statement was true than the 1206000 Shiba holders and the total amount of tokens they collectively hold in their wallets would be moved out of circulation! Right? But it's not. The only way you move tokens out of circulation is to burn them into the dead wallet and forever buried those tokens there permanently. Staking tokens removes staked tokens out of circulation temporarily.
And to create dead wallet can be done multiple ways to insure and prove to the critics that it's legitimate DEAD wallet (and by the way the secure password phrases that secure your wallets can be broken by the hackers). Vitalik came to the scene to draw publicity on the project. The third thing is that once Vitalik received the 50% of all tokens created he couldn't sell them if he had chosen to at least not for the amount of money it's quoted in the article for one simple reason, there is no demand for Shiba at that time and it's priced at around $0.0000000001 approximately maybe even cheaper than that. For whatever it's worth you can't mix together the truth and lies, you gotta stay straight and keep them two separated.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent SHIBUSD News