Buterin is going to burn ETH coins

Creator of Ethereum wonders about the idea of imposing fees on apps built atop ethereum so they can burn ETH tokens over time
09 November 2017   1448

Creator of Ethereum Vitalik Buterin thought about how to limit the emission of this cryptocurrency. Among the proposals is to withdraw some of the coins from circulation by collecting a commission for applications on the Ethereum blockchain. This is reported by Bloomberg.

According to the publication, this thought was prompted by Buterin's observation of the appearance of new cryptocurrencies, which since the beginning of 2017 attracted about $ 3 billion during the initial coin offering(ICO).

At the same time, Vitalik Buterin does not consider the option of limiting the emission of Ethereum by analogy with bitcoin. Instead, he suggests charging commissions for applications built on Ethereum. According to his calculations, eventually these commissions will withdraw from circulation a part of the tokens.

If the token is being burned, then you have an economic model that says the value of the token is the net present value of basically all future burnings. It’s just a currency that goes up and down. It feels kind of like voodoo economics and the price of the token isn’t really backed by anything. That’s a very spooky thing.
 

Vitalik Buterin
Co-founder, Ethereum

He also added that his team will continue to look for ways of irreversible destruction of Ethereum tokens.

BitStarz Adds Ethereum and Dogecoin Support

From this article you will learn all the necessary details of BitStarz Casino announcement regarding accepting Ethereum and Dogecoin for deposits and wagers
22 February 2018   143

BitStarz is a seamless and satisfying online casino platform. Blending with BitStarz digital currency support is a stacked game selection of more than 1,000 games, power-packed promotions, and trademark live support with personality. Backed by an Antillephone N.V, Curacao gaming license, BitStarz delivers record smashing withdrawal speeds for a friendly player community that just keeps growing. 

With an undeniable eye for expansion, BitStarz Casino is showing that it is a true trailblazer, as it now accepts both Ethereum (ETH) and Dogecoin (DOGE) for deposits and wagers. Raising the bar for altcoin acceptance and payment options, BitStarz has become one the world’s first online casinos to offer support for both of these high profile cryptocurrencies.

Bitstarz dogecoin ethereum supportBitStarz Accepting Dogecoin and Ethereum

Delivering plenty of power and adding a new dimension to BitStarz growing list of deposit options, ETH’s presence is certainly going to win over players. DOGE might not be breaking down the same barriers as ETH, but it’s certainly no less of a popular digital currency. Understanding Dogecoin’s position as one of the world’s most entertaining altcoins, BitStarz has not hesitated in allowing its members to use it play some of the most exciting casino games around.

The altcoin market has grown massively in recent months, with many digital currencies finding a foothold. The growth in altcoin uptake certainly has not escaped the attention of BitStarz, as it has done all that it can to listen to player demand. When you take on board the advantages of these coins, it is easy to see why they have been in gambler’s sights; with BitStarz giving its members exactly what they want. Bringing ETH and DOGE support to players, all members will now be able to deposit and play through these two leading cryptocurrencies.

We here at BitStarz take a huge amount of pride in being one of the most adaptive and inclusive online casinos in the world. For that reason, the list of deposit and withdrawal options just keeps growing, as we continue to expand our player base. Just recently we added LTC and BCH support to great success, so we’ve now decided to add ETH and DOGE to our cashier options as well. We are sure that with the increased number of payment options at hand moving forward, players are going to be able to enjoy BitStarz bonuses, promotions, and games that much more.
 

Srdjan Kapor

Marketing Manager, BitStarz

Officially ranked as the Best Casino of 2017 by AskGamblers, Bitstarz has blazed a trail for Bitcoin and digital currency gambling, delivering an unforgettable hybrid-currency online casino experience. Bitcoin heads up the list of payment options at BitStarz, but it by no means stands as the only way to deposit and wager. Joining LTC and BCH as recently added options, players are sure to find ETH and DOGE to be very welcome cashier additions.