2 ms·
10M$ in one year, i.e. 30,000$ per day is a reasonable burn rate?
by bachback 11y ago
10M$ in one year, i.e. 30,000$ per day is a reasonable burn rate?
- drcode 11y agoAs I said, most of that is due to the drop in Bitcoin value, not an actual burn rate, in terms of how most people would consider the term "burn rate". For better or worse, had ethereum sold all their Bitcoin holdings immediately after the presale they would have been hated by a large chunk of the cryptocurrency community... They ended up taking a big volatility risk for this reason (among others) which worked against them.