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Shiba Inu is just a token on the Etherum chain. There is no privacy and they've done some weird stuff to play the numbers. E.g. they sent half of all SHIB to
by X6S1x6Okd1st 5y ago
Shiba Inu is just a token on the Etherum chain.
There is no privacy and they've done some weird stuff to play the numbers.
E.g. they sent half of all SHIB to the creator of Etherum, why? Because that doubles the "circulating supply" and therefore market cap while not increasing the available supply at all.
This is a scheme to artificially increase the market cap, which mostly worked because VB burned 95% of all the SHIB he got & it got a lot of press.
- jereees 5y agoHm. That makes sense, I guess the lack of privacy of the Ethereum chain could be considered as a feature in terms of transparency. Good point about the market cap, do you think Shiba Inu wouldn’t have gotten as popular having VB not giving up control of the token?
- X6S1x6Okd1st 5y agoLet me be clear, Shiba Inu is a shitcoin, if someone gave me any I'd sell it in a second. It got popular before VB burned it.