🔥Is the solution for BOB to burn double-digit amounts of circulating coins? 🔥

Let me explain: forcing appreciation in this way actually has the opposite effect; it tends to reduce the value in the long term. This is what usually happens in the stock market when a 1:100 stock split occurs, for example.

Of course, in this case, for the burn to have any effect, it would need at least triple-digit amounts. Thus, BOB would go from just over 430 trillion coins in circulation to billions, which is still a lot!

Another point is the very short-term behavior of all those eager for this burn: they would rush to sell, and as a consequence, the overall price of BOB would fall and continue to fall because people would be trying to recoup their losses.

So what's the solution? Organic engagement with the coin, that is, a genuine interest in moving the coin and increasing its users! How can this be achieved? Define a practical purpose for it, as they did with Bitcoin in its infancy. For example, it was offered as a free gift with pizza purchases; they could give a discount on any purchase when someone paid with BOB!

What's up, community? What do you think? Isn't it time for a fresh perspective?