TBS is a social experiment and financial case study to measure the feasibility of a deflationary currency.
The rules are simple. There were originally 65,000,000 TBS in existence. Each time TBS is transferred, 1% of the transaction is destroyed. There will be only 10,000,000 newly minted TBS.
5 million in the first 2 years, after that halving will occur at block 200,000. 25TBS will be the block reward.
The algorithm we are using is SHA256.
Over time, this leads to less supply as more transactions take place. As the supply reduces, the demand for the token remains constant. This allows The Burning Savage Coin to act as a enclosure against current fiat currencies.
The dev and I have thought of taking the mining of this coin in stagesforthe sake of people withoutAsic miners. Therefor, for now we are only providing CPU mining. Once the community keeps on growing and we have more people we will move the coin into mining pools. The reason for this is that once TBS coin hits mining pools it will be pointless to be mining from the wallet. This gives everyday normal people a chance to earn some free coins.
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 just like TBS. Through this discovery, many other projects began to specialize and focus on doing one thing extremely well.
TBS has a vision of becoming the deflationary currency of the decentralized world.
Block explorer: http://22.214.171.124:3001/
Windows Wallet: https://github.com/TheBurningSavage/TheBurningSavage/releases/tag/Releases
Ubuntu Wallet: https://github.com/TheBurningSavage/TheBurningSavage/releases/tag/UbuntuReleases