Amidst the ongoing discussions and concerns regarding the burning of SHIB in the cryptocurrency community, Shiba Inu Lead Developer Shytoshi Kusama has provided further clarification on how the SHIB burn works in the Shibarium ecosystem. He has also addressed other pressing topics within the Shiba Inu community.
Shytoshi Kusama Addresses Pressing Topics
On November 2, Shytoshi Kusama took the opportunity to address various topics within the Shiba Inu community on the Shibarium tech Telegram Channel. These topics included debunking rumors about him owning a Bugatti luxury car, explaining the process of Shiba Inu burns, and discussing the potential use cases of SHIB.
In the Telegram channel, Shytoshi shed more light on the mechanism of Shib burns on Shibarium, which is an ethereum-based Layer-2 scaling solution for Shiba Inu. This clarification was given in response to the community’s dissatisfaction with the current slow rate of SHIB burns.
Shytoshi emphasized that the expectation of “magic burns” can only be realized through utility and real use cases. Without these, SHIB burns are not possible. He emphasized the importance of focusing on creating use cases for SHIB and incorporating burns into them.
Additionally, Shiba Inu’s marketing specialist expressed optimism about the Shib burns. She acknowledged the significance of burns while emphasizing the importance of following the right approach. Lucie highlighted the contributions of Shibarium and other initiatives in driving the burns. She also emphasized the potential growth and long-term prospects of $Shib.
Shiba Inu Lead Dev Never Owned A Luxury Car
In response to rumors about him owning a Bugatti luxury car, Shytoshi clarified that not owning such a car is a deliberate choice. He explained that the team decided to invest the funds in developing a strategic card battle game called “Shiba Eternity,” which is set to launch in 2022 by PlaySide Studio.
Shytoshi further emphasized that his decision to invest in the Shiba Eternity game was driven by personal sacrifices in order to support and promote the Shiba Inu community.
Addressing Crypto Fudders (FUDs)
Shytoshi also addressed the issue of crypto Fudders (those spreading fear, uncertainty, and doubt) that he has been facing. While he typically avoids paying attention to them, he acknowledged the importance of addressing them this time. He explained that Fudders often attack and drive away users, investors, or partners, ultimately harming the ecosystem instead of helping it progress.
Overall, Shytoshi’s recent statements and clarifications aim to provide transparency and address the concerns of the Shiba Inu community. This helps to foster a greater understanding of the SHIB burn process, the team’s decision-making, and the challenges faced in building a strong community.
### News source: bitcoinist.com