THE ORIGIN
BOMB is a social experiment and financial case study to measure the feasibility of a deflationary currency. The rules are simple.
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- There were originally 1,000,000 Bomb in existence.
- Each time a Bomb is transferred, 1% of the transaction is destroyed.
- There will never be newly minted Bomb.
The intention is not to be used as a transactional currency, but rather a consistent and decentralized store of value. Through a system of immutable smart contracts and continuous hyperdeflation, BOMB is the world's first self-destructing currency.
THE PROBLEM
Despite over $13,000,000,000 in public capital allocated to the decentralized world in the first half of 2018 alone, over 1000 projects are now dead. While there are many reasons for this decline, we believe the Token Velocity Problem to sit at the forefront. In short, Token Velocity is the speed at which tokens circulate their native platforms and ecosystems. If this velocity is too high and speculation is held constant, assets will struggle to conserve long-term appreciation.
THE VISION
The invention of BTC gave the world a currency that everyone could trust, outside the hands of governments or third parties. In addition to decentralization, BTC offered an asset that could not be artificially printed or inflated. Through this discovery, many other projects began to specialize and focus on doing one thing extremely well.
- Privacy: Monero
- Speed: Nano
- Cross-Border: Stellar
- Deflation: _______
BOMB has a vision of becoming the deflationary currency of the decentralized world.
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❞Bomb is activist code that codifies new, irrevocable economic laws of resistance.
Micah White PhDCo-Creator of Occupy Wallstreet
