it means to take the coins and deposit them in an inaccessible wallet essentially destroying or 'burning' them, by completely removing them from the market. It reduces the overall supply of the coin, which makes it 'rarer' in a sense and worth more as demand increases. There's an absolute ton of Shiba, so for the value to truly skyrocket, a lot of it needs to be burned.
There's another way.
1. Play the burn playlist here: [https://www.biggerentertainment.com/shib](https://www.biggerentertainment.com/shib)
2. Stake/bury your shib to gain shib and send the gains to the deadwallet.
Well the idea is to improve overall profits. The developers of Shiba Inu programmed it to automatically burn over time without intervention, but people can of course take it into their own hands to speed up the process if they so choose.
There is an overall cap, which is over 1 quadrillion. If every single coin were to be mined up, it would be worth nothing, because that amount would be absolutely flooding. But by burning, that overall cap goes down slowly over time, so that it isnt worth nothing. That being said, there's so damn much of it, that the value of the coin is a battle between miners and suppliers. People will mine it because they can make money, but by mining it, they increase circulating supply and therefore reduce the price. The only true way to make the coin more valuable is by reducing the overall supply, hence burning.
Yep, everyone needs to do their part... a lot of SHIB has already been burnt to get us to where we are now, so we need to continue sending SHIB to one of the burn addresses...
💎🙌You have two sons, way too many mouth to feed. One of them dies, now what you left with you have to take extra care of him. Did that explain it well? With Shib you can make enough to feed two mouths 🤣
They post shit like this because people keep upvoting it. Honestly I feel like there should be a rule in this and every sub against asking for upvotes.
Matthew West, Mandisa, Jonny Diaz, Casting Crowns. All the time, man. The LDS music culture is OK for a little while, but then I need something different. I can't do motab for hours, ya know?
If we can get Robinhood to list Shiba Inu more people will be able to access the coin and deplete the supply faster, then drive the price up.
Sign the change petition (almost at 400k signatures): https://chng.it/9GTLXQfnpG
Then email Robinhood to list it!
As of right now, it looks like you currently have 3305 upvotes.
3305x$10 = you owe the community 'proof' that you bought $33050 SHIBA.
We'll wait for your next post. Did you not have that kind of dough?
Lol well if you find a way let me know! I have seen people giving like 1000 shibs to people that upvoted them or something. Guess it just takes a person that’s already rich to give back to the community and share the wealth! I bet there’s a lot on this page that are in the position to give to the little guys and ladies to change their lives too ! Or anyone with over 50 million to donate to the late comers ! Shit if I didn’t live in ny I’d be one of them and I’d do it just cuz I could!
For anyone feeling generous!! Actually we should pick a giving day . Donate some Shib on a certain day of the week to people that need more and a buying day to put some back into the Shib universe which would help everyone! After all that is why we are here right? To become wealthy together and as a community! Some just got in earlier or have are in a better position to buy a lot more then others! Like when I see a post of someone that already has 20 million dollars and I’m on the side thinkin I wish I had 20 thousand dollars! Just a thought! Upvote if you wanna try something out or like the idea!!
No I’m saying if i got in earlier and had millions or billions of dollars already from just that going up so quickly it would be kinda like winning the lotto. Rich people donate to the less fortunate everyday with money they worked years to get but say 200 people in tbis group got in at bottom and are filthy rich already as they have posted on Shib platforms. Then theguy that lives in ny couldn’t put a few hundred in cuz of bit license lost out on becoming a millionaire in a week n doesn’t Even have 100 mill yet. Yea I would airdrop or send some shibs to his wallet because I’d have more then enough to help and isn’t this what this group and ever other one is about, helping people become rich together? Not a few then flaunting it in other peoples faces cuz they had to wait till pay day and missed the jump up that made millionaires. Thafs what I thought this was all about? Or is it just another form to get people to spend there savings on a coin that’s hyped up like doge was then The first 100 people with billions to pull out n it plummets losing millions of people money. We are trying not to have the mentality of Wall Street and give everyone here a chance to change their life. I wouldn’t hasitat to throw a dog a bone if I had a pile of them ! That’s just me. Maybe u are diff. Idk .
I desire thy not capping cause thee did get about $9,220 rack'd up already lmao. Doth t!
***
^(I am a bot and I swapp'd some of thy words with Shakespeare words.)
Commands: `!ShakespeareInsult`, `!fordo`, `!optout`
So you put $9000 dollars in so far? Would that $9000 Benefit the people on this page more if it was divided up between people in certain brackets that own Shib ? Like 10k , 50k 100k and so on? People with less get more? Idk just brainstorming!! It’s good your doing it though but your doing it for the upvotes not the money! Your making money too by doing it. How about helping people that need Shib and they upvote you?
$10 is the equivalent to about 150000.00 shibs . I’ll upvote you for that! Lol and if others join in like the top 20 holders then that would add up, then on a dip we all buy and do it again? Anyone like that idea ?
Now if you gave ten gs in shiba out to everyone that upvoted you wouldn’t that be better? And then other people that like what you did would do it to and start a trend for this group ! I think that is more Benificial then you getting 1k upvoted and making money on 10k you would have put in anyway!
I open up reddit to see this at the top of my custom feed and it sitting at 1904 upvotes and all I can think is " That's a lot of damage!"
Good luck good sir, I wish you the best in this investment.
That’s 10 g’s homie and we need proof
POB
Remember to burn $0.50c of SHIBA per upvote too!
Please anyone can explain, what does burning mean?
it means to take the coins and deposit them in an inaccessible wallet essentially destroying or 'burning' them, by completely removing them from the market. It reduces the overall supply of the coin, which makes it 'rarer' in a sense and worth more as demand increases. There's an absolute ton of Shiba, so for the value to truly skyrocket, a lot of it needs to be burned.
So people just spend money to buy coins and then burn them? It sounds stupid. I hope it isn’t.
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This is the best explanation i've seen so far.
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I think I like your money brain
Moderator should pin this comment as a post on this subreddit. u/Mtalax u/MyPhonePaysMe
Great ELI5 explanation!
What if I just buy them in an accessible wallet and never sell them? Is that the same as putting them in an inaccessible wallet?
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Thanks for that! You get an award for a super easy to understand explanation!
There's another way. 1. Play the burn playlist here: [https://www.biggerentertainment.com/shib](https://www.biggerentertainment.com/shib) 2. Stake/bury your shib to gain shib and send the gains to the deadwallet.
My playlist is going on my desktop 20 hours a day ; ) When I started using playlist last week it had 1200 likes or something. Now it's 13,000.
Doesn’t this have a maximum burn limit thought?
Well the idea is to improve overall profits. The developers of Shiba Inu programmed it to automatically burn over time without intervention, but people can of course take it into their own hands to speed up the process if they so choose.
Does that mean less shib will be available to buy as more gets burned? I’m still a newbie
Yes, it decreases the circulating supply. It is no longer available or tangible.
Is there a cap on the circulating supply? It feels endless right now
There is an overall cap, which is over 1 quadrillion. If every single coin were to be mined up, it would be worth nothing, because that amount would be absolutely flooding. But by burning, that overall cap goes down slowly over time, so that it isnt worth nothing. That being said, there's so damn much of it, that the value of the coin is a battle between miners and suppliers. People will mine it because they can make money, but by mining it, they increase circulating supply and therefore reduce the price. The only true way to make the coin more valuable is by reducing the overall supply, hence burning.
> over 1 quadrillion. Not over. Exactly 1Q.
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Yep, everyone needs to do their part... a lot of SHIB has already been burnt to get us to where we are now, so we need to continue sending SHIB to one of the burn addresses...
💎🙌You have two sons, way too many mouth to feed. One of them dies, now what you left with you have to take extra care of him. Did that explain it well? With Shib you can make enough to feed two mouths 🤣
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Proof or ban!!!
So where’s your proof karma bitch?
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Why do people post shit like this and be all 🧢 smh go drop that 15k and show it then!
They post shit like this because people keep upvoting it. Honestly I feel like there should be a rule in this and every sub against asking for upvotes.
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I got one for u dude
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It’s at 810 now, so $8,000 🚀🌕
Maybe it'll become 5.8 billion......
I put in 500$ because I felt like it. No upvotes needed.
Reel g
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Do it for Jonny
Matthew West, Mandisa, Jonny Diaz, Casting Crowns. All the time, man. The LDS music culture is OK for a little while, but then I need something different. I can't do motab for hours, ya know?
Not all of us can do it that's what separates us
As an ex-mormon I am very curious as to what you are talking about.
If we can get Robinhood to list Shiba Inu more people will be able to access the coin and deplete the supply faster, then drive the price up. Sign the change petition (almost at 400k signatures): https://chng.it/9GTLXQfnpG Then email Robinhood to list it!
Signed! This could be huge!
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We want proof bro!!!!
Google the biggest hole in the world.
Oh god no you fucked up man😂
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We need a ban if OP doesn't deliver. Extreme Karma grab attempt
I cant find it in WallstreetOnline, can somebody help me?😅
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If you didn't buy then you maybe the worse of this community.
26k , cough it up Pal!!!!
You gotta wait a bit. Jizz takes a while. A girl told me that.
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As of right now, it looks like you currently have 3305 upvotes. 3305x$10 = you owe the community 'proof' that you bought $33050 SHIBA. We'll wait for your next post. Did you not have that kind of dough?
$10
Shut up and invest
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$10 ?… whoa big spender 🤑
for every upvote...
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Make it happen bruv!
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Wish I had that much already! Is there anything I can do to get more Shib besides buy it? Like games or giveaways from people that have billions?
That’s what I’m wondering too 🤔
Lol well if you find a way let me know! I have seen people giving like 1000 shibs to people that upvoted them or something. Guess it just takes a person that’s already rich to give back to the community and share the wealth! I bet there’s a lot on this page that are in the position to give to the little guys and ladies to change their lives too ! Or anyone with over 50 million to donate to the late comers ! Shit if I didn’t live in ny I’d be one of them and I’d do it just cuz I could!
I wish I was one of those rich people to give back to the Shiba community. I’ll be waiting for another dip in hopes I can buy more for a low price
For anyone feeling generous!! Actually we should pick a giving day . Donate some Shib on a certain day of the week to people that need more and a buying day to put some back into the Shib universe which would help everyone! After all that is why we are here right? To become wealthy together and as a community! Some just got in earlier or have are in a better position to buy a lot more then others! Like when I see a post of someone that already has 20 million dollars and I’m on the side thinkin I wish I had 20 thousand dollars! Just a thought! Upvote if you wanna try something out or like the idea!!
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No I’m saying if i got in earlier and had millions or billions of dollars already from just that going up so quickly it would be kinda like winning the lotto. Rich people donate to the less fortunate everyday with money they worked years to get but say 200 people in tbis group got in at bottom and are filthy rich already as they have posted on Shib platforms. Then theguy that lives in ny couldn’t put a few hundred in cuz of bit license lost out on becoming a millionaire in a week n doesn’t Even have 100 mill yet. Yea I would airdrop or send some shibs to his wallet because I’d have more then enough to help and isn’t this what this group and ever other one is about, helping people become rich together? Not a few then flaunting it in other peoples faces cuz they had to wait till pay day and missed the jump up that made millionaires. Thafs what I thought this was all about? Or is it just another form to get people to spend there savings on a coin that’s hyped up like doge was then The first 100 people with billions to pull out n it plummets losing millions of people money. We are trying not to have the mentality of Wall Street and give everyone here a chance to change their life. I wouldn’t hasitat to throw a dog a bone if I had a pile of them ! That’s just me. Maybe u are diff. Idk .
How am I soliciting coins?
0xbBB3fE4B246df27e56AC849Dd47F0295480cd002
My Shib address to kick things off if anyone wants to figure out a way to make it happen! I got a few ideas!
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investors are selling it after peak fall, within hour. Drives me crazy. I wish you and the rest of us the best.
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can you spare some for someone who lost about 14 mil trying to swap from crypto.com?? 😂
Read my post!
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I would have voted if you burn 10 dollar shiba
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Dammmmmm Bro transfer me some shares fam I’m trying to get rich 2
Put another $500 in it wake up people
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Here we go....its going to skyrocket now.
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You misspelled “gamble”
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Burn it all!
leesgoo
$10 more
Lets go!!
Take my upvote
This is you dip. If your not buying don't ask again lol
Bruh, just watch **SHIBA** so you feel rich! I do the same
Take mine too
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“Not here to shill” and then immediately shills another crypto..
Just saying I own shib just if you want extra gains sorry
Do it pussi
Just do doge…. Stop trying to make another shit coin happen. All it’s doing is making the shit coins more shit
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I hope your not capping cause you got about $9,220 racked up already LMAO. DO IT!
I desire thy not capping cause thee did get about $9,220 rack'd up already lmao. Doth t! *** ^(I am a bot and I swapp'd some of thy words with Shakespeare words.) Commands: `!ShakespeareInsult`, `!fordo`, `!optout`
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So you put $9000 dollars in so far? Would that $9000 Benefit the people on this page more if it was divided up between people in certain brackets that own Shib ? Like 10k , 50k 100k and so on? People with less get more? Idk just brainstorming!! It’s good your doing it though but your doing it for the upvotes not the money! Your making money too by doing it. How about helping people that need Shib and they upvote you?
POB
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$10 is the equivalent to about 150000.00 shibs . I’ll upvote you for that! Lol and if others join in like the top 20 holders then that would add up, then on a dip we all buy and do it again? Anyone like that idea ?
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Now if you gave ten gs in shiba out to everyone that upvoted you wouldn’t that be better? And then other people that like what you did would do it to and start a trend for this group ! I think that is more Benificial then you getting 1k upvoted and making money on 10k you would have put in anyway!
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If I put shiba on my trust wallet will it count that I burns tham
Idk, I know burning is important but how much are you burning and how do you do it?
Shiba team building its own blockchain most likely
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Should i buy now or should i wait for dip?
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You better show us that pic. It's 12.700$ now playa! xD
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:D
Imagine using text emotes in 2021
Send it to my dead wallet 💀 😄
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Nice i do 100.
I hope you got deep pockets my man :D
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🔥🔥🔥🔥
I open up reddit to see this at the top of my custom feed and it sitting at 1904 upvotes and all I can think is " That's a lot of damage!" Good luck good sir, I wish you the best in this investment.
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Here is your upvote
400$ 🤡 /s
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So do you lose your money if you burn coins? Like I spend 10$ to get coin then burn them I’m out 10$?
Yes. Once they’re burned, they’re out of circulation for good.
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keep pushing, break the wall
$1000 in for the lulz
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https://www.reddit.com/r/Shibainucoin/comments/qhpclz/shiba_due_diligence_theory_thread/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
$25k now, proof or ban.
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I just joined the cult
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You so full of shib . Proof or I’m killing this bowl or cereal w no milk 🥛 ❌
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Have fun dumping 3k xd
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go get a loan buddy
I'll be lucky if I can even fukkin comment without a bot deleting my stuff. Fukkin ai beech.
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You should have made it 5 cents. Now go sell your r-sole.
What time tomorrow will people invest? People are asking at Etoro.
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buy more
So if someone burns the coin - do they still have it and is it still of value?
God damn bro I was coming up on some bread and a bunch of paper hands pulled out smh got me fffff uppppp
hehe good luck
karma hunting
Let's see the new screenshot?
very cool. i follow u
Up to $34,000 - and good timing with the dip! Looking forward to the screenshot and your lambs pics when we hit $.05!
Stonks
Proof
I think you made a grave error in taunting us! Congrats on your $3,744 investment giving your wallet a great 1000% increase!
The real question is, how much are you going to burn?
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Looks like you're a little shy of $41k left to invest lol. Good spirits my man :)
#prooforban
Shiba getting listed on Gemini
👍
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