Considering burning my LasseCash stake after the migration to VSC
So to give a bit of background to why the decisions are as they are. Back in 2019 when LasseCash was created, it was very normal to have a "founder allocation" of some sort, I am not sure who made the first "fair crypto", I think XEN was a candidate but I think there was some sort of "founder allocation" still? At least Titan X was 100% fully fair launced and that was in 2023, the fall as far as I remember.
When I spoke at the HiveFest7 I felt like the audience was septical because of my 11 million inicial stack. But I am not sure, as there was only a handfull of questions. Today I came to think that I could burn what I got left of those 11 millions LasseCash, which is around 7 million right now. I have not decided yet. I thought LasseCash was better for many reasons, but in this regard it was an improvement to disclose the "founder location" very clearly, 95% or so of cryptocurrencies has founder allocations in the 50-90% range and often its not fully transparent. So even Bitcoin, Satosho holds a huge stake even though they never moved so people think he is dead and they will never get spend.
So the idea of 100% fair launches first came to my attention in 2023, 4 years after LasseCash was launched. I think the burn will be more powerful if done after the migration to VSC (IF IT HAPPENS?), as it will be harder for me to buy up a strong free market token with no HE weakness etc.
If I were to burn my stake, then it would be a clear slade, where I would be competing like everyone else for ownership, I would aim at having majority ownership again via buying/investing to be the number one with power in case of disagreements, disputes or drama as described originally in the About Page.
What do you guys think? Would you participate more in LasseCash, by posting, engaging or buying, if I were to burn my stake?
Keep in mind that LasseCash has only been an expense to me and I used those around 4 millions mostly for donations to promote the product.
We have something unique as its the only product in the world to reward Anarchy, Crypto and Truth including AnarchoCapitalism and Flat Earth.
Let me know what you think??
You heard it here first.
/Lasse Ehlers
Posted using LasseCash
Creating scarcity with Lassecash will be a good thing, but also encouraging more lasse "curators" will also bring more encouragement to post using the site and/or tag.
Its the plan to make a halving mechanism for inflation so there will be a max cap of 51 million which will never be hit, it was my original idea, the big question is IF VSC programmers will make it for the migration so its 100% code and not as now where I hold the keys.
Posted using LasseCash
Don't worry Lasse. If you can't blame the VSC programmers for your LasseCash migration failure you can always blame NASA or Marky like you always do.
Btw what is new with VSC, I have t heard about it for a while
VSC has announced to run mainnet in Q1 of 2025. Its highly speculative if LasseCash will have meaningful migration or not as it is now. I do think what they build candidate to be the best smart contract blockchain ever, since there will be no fees and you can program in any language, as an opposite ETH has high fees and you can ONLY program in Solidity, which is a very limited programming language.
So for me building something good on VSC is a huge oppotunity to build something historical. But I depend on devs and if they will/can do what I originally "designed".
Posted using LasseCash
You're the only one speculating about LasseCash migrating. Nobody else really gives a damn.
It's really easy to make great sounding plans for shit you never actually intend to follow through on, huh?