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Blockstack releases full details for token distribution
- parths 9y agoNEAT! looks promising. What are your thoughts?
- TyGeorge 9y agoThe Future Is Near!
- Lowgain 9y agoI'm reading the token whitepaper, and I came across the section mentioning "proof-of-burn" as a way to gain Stacks: With proof-of-burn mining, miners destroy a proof-of-work-based cryptocurrency (currently Bitcoin) to get tokens This seems strange to me - in a blockchain such as Bitcoin where the total number of coins are limited, wouldn't this make the bitcoin community want Blockstack off their chain? Maybe I am missing something, or the amount of bitcoin destroyed will be negligible?
- ismaelbej 9y agoBitcoin has a limited supply, so the less available the more valuable each remaining piece becomes. But I'd guess you will only burns Bitcoins if you get something of more value.