A term coined by the Ethereum faithful to mean when the marketcap of Ethereum matches the MarketCap of Bitcoin, and then overtakes it to be the largest cryptocurrency token by marketcap.
It has been ”appropriated” by the Leofinance Faithful to mean when the Cub token burn rate catches up with, and surpasses the Cub token inflation or new token creation rate.
The first time I heard it was when Hive account@scardeycatguide otherwise known as Mitch used it during the last AMA.
And Hive account@khaleelkazi showed us a picture of the burn curve, which shows how the burn rate has increased:
‘Why? Is a fair question: Because when the rate at which we burn Cub tokens, exceeds the rate at which we mint new Cub tokens, we enter a period of programmed production of token scarcity, and following the laws of supply and demand as supply shrinks, but demand continues to grow, token price normally increases.
‘There is no more basic and valid law, then the law of supply and demand.
And because traffic over the multitoken bridge continues to grow, and because this traffic generates profits which are used to buy back and burn Cub, this burning process will continue indefinitely.
And because rising Cub token price will attract investors into Cubfinance to earn the token, multitoken bridge fees will increase, buy back and burn will continue, and the process feeds back into itself.
I am sure I am not the only one smiling about this, as Hive account@onealfa left a comment Burn Baby Burn, and others have embraced the situation with glee.
Yes the Flippening is coming, and Cubfinance token prices should rise.
‘It’s amazing how much innovation, change, and development is occurring during this bear market to add value to Hive, Leofinance, Cubfinance and Polycub.
These aren’t get rich changes, but value enhancements, which should raise the price over time.
But one day, we may look back and marvel at how low prices were for Cub and wish we bought more.
DYOR do your own research, this is a peak into my journey, map your own journey according to your own thoughts and decisions.
Cryptocurency is risky, you could lose everything, but I am heading west, into this new wild frontier.
otherwise known as Mitch used it during the last AMA.
showed us a picture of the burn curve, which shows how the burn rate has increased:
law, it’s a basic core economic law governing assets of many types, across countries, continents and possibly planets.
left a comment Burn Baby Burn, and others have embraced the situation with glee.
