SithLord
3.7K posts

SithLord
@CryptoSithLordx
Degen/APE in the crypto space from a far far galaxy away. DePIN is the future.
Katılım Ağustos 2022
299 Takip Edilen551 Takipçiler

@kryptoswe Go read you fucking idiot akash.network/roadmap/aep-76/
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@CryptoSithLordx @KJH_Cosmos @akashnet @gregosuri You’re mixing up temporary burn with net supply reduction.
Yes. AKT is burned to mint ACT.
But when ACT is used, it’s burned and AKT is reminted to providers.
So in a functioning system: 👉 Burn ≈ Remint
👉 Net supply change ≈ 0
That’s not opinion. that’s literally how it works
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The day has come. @akashnet is officially burning $AKT as the network gets used.
1)AI is only growing day by day.
2)GPUs will continue to be scarce as AI grows. Supply/Demand.
3)Akt token has a max supply cap and now will be deflationary.
4) @gregosuri and the #Akash team continuously building.
Do what you want with these key points, yall already know what I’ve been doing and how i feel about Akash.
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@kryptoswe Read the akash docs you brain dead fool. Lmao imagine just relying on ai. You’re and idiot lol

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@kryptoswe @KJH_Cosmos @akashnet @gregosuri More copy pasta from Ai. Lmao you’re a fucking moron. Go read the docs. Get blocked you brain dead moron
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@kryptoswe @KJH_Cosmos @akashnet @gregosuri Brother that’s why i said AI does not know all. Deff fucks up. But this is why i kept saying look at the Akash docs they put out about BME and deflationary potential
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@CryptoSithLordx @KJH_Cosmos @akashnet @gregosuri My chatgpt must be really stupid. Or maybe it's hired to fud akt 😄
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@kryptoswe @KJH_Cosmos @akashnet @gregosuri You’re a moron. Stop using ai to just ask questions and just read the docs. I’m done arguing with you on here you fool. Next time you’ll get a block

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@CryptoSithLordx @KJH_Cosmos @akashnet @gregosuri If someone wastes their ACT it's in theory deflationary.
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@kryptoswe @KJH_Cosmos @akashnet @gregosuri You need to use AI to look it up instead of going to akash docs and seeing how it can be deflationary. You’re a moron i have no time for you. Get off my post.
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@kryptoswe @KJH_Cosmos @akashnet @gregosuri It’s 100% going to turn deflationary as the network gets used more, it’s not used as much as it was due to bear. It’s not just a loop if you actually took the time to look it up.
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@KJH_Cosmos @CryptoSithLordx @akashnet @gregosuri AKT gets burned → ACT is minted
ACT gets used → burned → AKT is reminted to providers
So no this isn’t a true deflation model.
It’s mostly a loop.
Right now: Burn ≫ Remint
Looks deflationary.
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SithLord retweetledi


@KJH_Cosmos @akashnet @gregosuri When you go to akash stats, if you click the upper right hand corner you can click on BME. Looks buggy but it’s day 1.
stats.akash.network/bme
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@CryptoSithLordx @akashnet @gregosuri Will burned AKT show up in the stats overview? I do not see if for now
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SithLord retweetledi
SithLord retweetledi

Every compute transaction on Akash will now burn $AKT.
Burn-Mint Equilibrium makes $AKT essential to every deployment while maintaining USD pricing and pegged payments for tenants and providers.
The biggest upgrade in Akash Network's history is scheduled for March 23rd at 14:00 UTC.
Full breakdown ↓
akash.network/blog/what-burn…
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@Cosmonaut96 Oh damn didn’t know you bought so high. Yeah that’s pain for sure but i could see them hitting that again.
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@CryptoSithLordx I did DCA but from $3.50 down to $.75 and then I gave up so my average is $1.70
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BURN IT 🔥🔥 $AKT
Akash Network@akashnet
The wait is over. The Burn-Mint Equilibrium (BME) proposal is going onchain for a vote today, with an upgrade scheduled for March 23rd at 14:00 UTC. BME restores direct utility to $AKT, anchoring token value to real network usage, where every $AKT used for deploying will be burnt. This upgrade also introduces WASM smart contracts to Akash - a foundational step that enables the Core Team to iterate and build faster without full chain coordination. Cast your vote & track the proposal live on Mintscan ↓ mintscan.io/akash/proposal…
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