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Well, the recipient needs to sell them on an exchange or find a party which would be ready to swap the coins for something else. AFAIK Buterin never wanted the
by mgerullis 5y ago
Well, the recipient needs to sell them on an exchange or find a party which would be ready to swap the coins for something else.
AFAIK Buterin never wanted these coins, which is why he donated them. What happens with them after that really isn’t his concern. It’s still free money
- nandhinianand 5y agoTrue.. but then the counterpoint is you can't eat money.. I mean, I understand why he gave it away, but I also don't expect it turn into anything anytime soon. May be even siphoned off by some officers.4.
- mgerullis 5y agoIf Buterin had sold the coins before donating he would have crashed their price by himself and I can see how that’s not something he wanted to do. He gave away a lot and burned the rest, thus theoretically creating scarcity which should play in favor of the price. Then again, SHIB is a hyped shitcoin, it was never going to be worth much in the long run and it’s remarkable that it even reached the price it has right now. Creating such a token can be done within an hour. If the COVID relief fund gets stolen by officers, then that is unfortunate to say the least but once again, all things considered, Buterin did the best thing he could.