Ok, guy I understood what you guys are talking about 'burn'

I just tell you guys about other side of this burn project.

​

you guys can read my last posting about 'burn project'

​

In that posting,
I wrote that

this burn project will lower trading volume.

​

----------------------------------------------

​

now I want to explain what I'm thinking about burn

​

burn is just burn that is nothing...

​

if they want to make price going up , they have to make new ecosystem for LUNC not 'burn'

​

LUNC is saying every transaction will be burnt 1.2% (buy & sell ) even in CEX as well.

it sound nice.

​

but we should know the burning will be happened two times (sell and buy)

We need to know about supply and demand.

​

I bought 100 lunc in binance but the 100 amount lunc will be come to my wallet as 98.8 which is already burnt 1.2%(buy).

and I want to sell my 98.8lunc in binance but when I sell it 98.8 lunc , the amount of LUNC for selling will be 97.6 cus of 1.2% burn (sell)

many ppl are thinking about Lunc's value goes up when I buy cus of 1.2% lunc burn(buy).

so ppl are thinking my 98.8 lunc has same value as the time when I bought 100 lunc

( It's true if the number of people who bought it is the same as the day before. )

but even if the the value goes up , eventually when I sell it I will lose 1.2% profit (cus of 1.2% selling burn).

so whenever I trade this coin I will lose 1.2% profit

​

here has 3 situation to explain about supply and demand for LUNC

​

1. if the market trading volume keeps same trading volume every day ( people whom wants to buy are the same as the previous day.)

- whenever ppl are trading LUNC they will lose 1.2% profit in every single trading

(as I explain above)

​

1. if the market trading volume was lower than the day before (lower than 1.2%) ( Fewer people are willing to buy than the day before. )

- whenever ppl are trading LUNC they will lose at least over 2.4% profit every single trading

(when I buy LUNC, Lunc's value goes up 1.2% cus of burn , but trading volume has been reduced over 1.2%, It's the same situation as the number of people (1.2%) who want to buy has decreased, As there are fewer buyers, my Lunc is not more valuable than before I bought it. )

​

1. if the market trading volume was higher than the day before (higher than 1.2%) ( Many people want to buy more than the day before )

​

- whenever ppl are trading lunc they will lose 0% profit which is no loss.

(I bought 100 lunc , It will be 98.8 in my wallet but the value went up 1.2%, even more than 1.2% ppl want to buy lunc , so my 98.8 lunc's value in my wallet aft trading , It's going to be equal to 101.2 values before I trade , so finally I can sell 100lunc price aft 1.2% (sell) burn)

​

​

so to keep same profit whenever I trade every day should have higher trading volume than last day

​

As a result, people will avoid trading.
Eventually, as day traders will disappear, the volume of trading for burn will decrease.

Eventually, people just buy it and hold it, and it's far from burn project,

now lunc has 6.5 trillion If it goes to 1 cent here, it's higher than the market capitalization of Bitcoin.

What I'm saying is that burn project is not such a big event, but it can actually reduce trading volume. We need to make more eco-systems, not burn, so that Luna Coin is actually used.

​

​

After the September 12 update, you'll see a price increase or a lot of trading volume at first, but eventually, there'll be almost no trading later.

​

I want to tell you not to be greedy if someone is benefiting now.

​

don't forget Doge coin , at that time everyone believed it will be 1dollor

​

It may be hard to understand because of my lack of English.
Please understand even if it's hard to understand.
It's just my opinion.
There are many factors for price.

I thought about it through this drop in crude oil prices. This time, a company that predicted less demand for people has cut back on crude oil imports As a result, crude oil prices have fallen. I put it in terms of supply and demand.

BIGGEST Crypto Event in HISTORY COMING!!! (Why ETH Merge Changes EVERYTHING for Bitcoin) [BitBoy Crypto on YouTube]

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The economy of the actual world has no bearing on the IKONIC Metaverse in any way

The economy of the actual world has no bearing on the IKONIC Metaverse in any way. It was completed ahead of schedule and without any issues or complications. This line of research carries with it the possibility of unearthing exciting new information about the metaverse. It does not appear like there will be any more development of IKONIC's metaverse in the foreseeable future. To take part in the digital meetings, all you need is a receiver and a set of NFT speakers; anything beyond that is completely unnecessary. One solution for a relationship that is going through tough times is for each partner to experiment with new things. Never in the history of the NFL has there been such a meager turnout for one of their events. There is an abundance of scope for a wide variety of entertaining activities and games. Maintaining frequent backups of your data is one method that can help you maximize the redundancy and security of your data.

​

#IKONIC #CRYPTO #BSC #BINANCE #BITCOIN

I've had a lengthy chat with a scammer posing as Jonathan Huberdeau and his "management" on Instagram, Telegram and email.

Long story short, for some reason I enjoy wasting my time talking to some obvious internet scammers because I'm interested to see what they want and I'm having a laugh at their expense with a couple of my friends. We waste their time and troll them around a bit until they get mad at us or we get bored. Usually the scams are crypto/Bitcoin related but this was new. I had a chat request on Instagram, it was Jonathan Huberdeau's "private account". He wanted to move to Telegram because of some vague privacy-related reasons. Anyway, here's some highlights from the convo this far:

• His comment on why he'd be texting me: "How are you doing,I know you will be amazed to get a text from me,but to me it's nothing we all are human and I want to use this opportunity to appreciate you and say thanks for being a great fan❤️".
• In his profile there was a picture of a pug and another one of an arab man wearing arab clothes in a skyscraper office. "Jonathan" told me it's his dog and that the arab guy was his best friend in the Panthers. He however refused to say the man's name and told that he was traded out because of a dispute with the coach. Upon further inquiring he just said "I don't want to talk about it !". Later he had removed this picture from his profile.
• He asked me where I was from and I told him "the same country as Barky" [Aleksander Barkov for anyone who's wondering] but that wasn't enough. I had to be more specific and say the name of the country - of course he knew what the country was but he "wanted to make sure I am not an imposter". I told him the country is Sweden and he accepted the answer.
• He keeps calling me "fan" at the end of each message, e.g. "how is your day fan? ❤️" - feels like overemphasizing our uneven relationship that I am just a random fan whose name doesn't even matter despite him being interested in continuing a convo for days an end. Not a biggie but just something he does all the time.
• He promised to give me a free ticket to a Calgary Flames game against the Canucks in December to prove he really is Jonathan Huberdeau.
• He wants me to participate in a meet and greet event which includes a trip on his private jet. I had to email a lot of my personal information to his "management" for a background check. Before I did that, I asked some questions from the "agent" who introduced himself as Wade Arnott. A person with that name is a real agent in the NHL, just not Jonathan Huberdeau's. I told him that the internet says Wade Arnott has names like Jeff Petry, Brad Marchand, Phil Kessel, Gustav Nyquist under his wing instead of Jonathan Huberdeau. He answered me that those mentioned people are other agents that also serve Jonathan Haderdeau [sic] and I should pay no mind to them now. After this I pretended that he won my trust and I sent him some bullshit information including a picture of a fake ID that I found on Google. After that it has been radio silence for hours. It's apparent that the scam aimed for an identity theft but I wonder if he is happy with the information I sent or am I still going to hear something from him.

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Crypto winter teaches tough lessons about custody and taking control

The crypto winter has pumped new life into the adage “Not your keys, not your coins,” particularly after the collapse of some high-profile enterprises like the Celsius Network, whose funds were frozen in June. Just last week, Ledger CEO Pascal Gauthier hammered home the point further, warning: “Don’t trust your coins and your private keys to anyone because you don’t know what they’re going to do with it.”

The basic idea behind the adage, familiar to many crypto veterans, is that if you don’t personally hold your private keys (i.e., passwords) in an offline “cold wallet,” then you don’t really control your digital assets. But, Gauthier was also framing the issue in a larger context as the world moves from Web2 to Web3:

“A lot of people are still in Web2 […] because they want to stay in the matrix where they’re being controlled, because it’s easier, it’s you know just click yes yes yes and then someone else is going to deal with your problems.”

But, giving away control won’t set you free. “Taking responsibility is how you become free.”

Admittedly, Gauthier has a self-interest here — Ledger is one of the world’s largest cold-wallet providers. Then, too, he may have been stating the obvious. In May, Coinbase acknowledged in an SEC 10-Q filing that if it ever went bankrupt, customers that entrusted their digital assets to the exchange “could be treated as our general unsecured creditors,” i.e., could find themselves standing at the back of the creditors’ line in bankruptcy proceedings.

“It doesn’t matter that the exchange’s contract with you says you ‘own’ the currency,” Georgetown University law professor Adam Levitin told Barron’s at the time, “That’s not determinative of what will happen in bankruptcy.”

But, Gauthier’s statement raises other questions, too. This notion of seizing “control” of one’s keys and coins could become more complicated given recent regulatory proposals in Europe, as well as a key government agency interpretation in the United States. Moreover, as the world transitions from Web2 to Web3, is it really so certain that centralized solutions like Coinbase and others might still not have an important role to play with regard to custody and, yes, even privacy?

Also Read : Bitcoin hits new September high on US payrolls, G7 Russian energy cap

Learning the hard way

Generally speaking, it appears that consumers still do not understand the potential risks when they turn their crypto private keys over to centralized platforms and exchanges.

“It’s been made abundantly clear that even the most seemingly trustworthy custodians can still make grave missteps with user funds,” Nick Saponaro, CEO at the Divi Project, told Cointelegraph. “The promise of self-sovereign ownership of your money is immediately obliterated when users hand over their private keys to any third-party, regardless of that third-party’s genuine intent.”

“All crypto users should learn and be responsible for the security of their own coins by storing them securely on hardware wallets,” Bobby Ong, co-founder and chief operating officer at CoinGecko, told Cointelegraph.“However, this is not a popular move because for most crypto users, it is probably more convenient to store them on centralized exchanges.”

Still, a centralized exchange (CEX) can be useful at times and maybe we should expect to live in a hybrid cryptoverse for a while, with both cold and hot wallets, centralized and decentralized exchanges (DEXs).

“There is a case for using centralized exchanges for sending funds to others to not doxx your crypto addresses,” said Ong. “This is because when you send a transaction to someone else, they will know your address and can see your balance, historical transactions, and all future transactions.”

Indeed, Ong tweeted recently: “The basic advice now is to have multiple wallets for various purposes and to fund these wallets using centralized exchanges. This works well but it’s not good enough. If you use FTX or Binance, Uncle Sam and Changpeng Zao will know all your wallets and they can profile you instead.”

Continued Ong, “To get full privacy for your new wallet, a service like Tornado Cash is needed. Granted, it’s probably more expensive, slow and tedious,” but having such an option would ensure privacy and make crypto behave more like cash, he added.

Justin d’Anethan, institutional sales director at Amber Group, agreed that trade-offs remain. “You can’t do as many sophisticated trades from a private wallet as you can on a centralized platform, or at least not as easily and efficiently,” he told Cointelegraph. Large, sophisticated traders will always need to have some of their holdings on exchanges to optimize returns. In his personal case:

“I hold a chunk of my core holdings in private wallets, but I definitely hold some assets on centralized platforms for yield generation, some rebalancing, etc.”

Corporate entities, especially, may not want to handle the operational side of a trade, including investment and custody, and they may also want to interact with a recognized and established centralized entity that can perform due diligence. Also, corporations may want to have an identifiable and liquid entity to sue “in the event of an error,” added d’Anethan.

BITCOIN’S “BLACK SWAN” EVENT COULD TRIGGER A MAJOR COLLAPSE!!!

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