How to Set $2,455 on Fire

Posted3 months agoActive3 months ago

prettyblocks

32 points

13 comments

busd.steviep.xyzTechstory

skepticalmixed

Debate

70/100

CryptocurrencyStablecoinArt

Key topics

Cryptocurrency

Stablecoin

Art

The article describes a provocative act of 'burning' $2455 in Binance USD stablecoin, sparking discussion on the nature of cryptocurrency, art, and the implications of such actions.

Snapshot generated from the HN discussion

Discussion Activity

Moderate engagement

First comment

41m

Peak period

0-1h

Avg / period

3.3

Comment distribution13 data points

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Based on 13 loaded comments

Key moments

01Story posted
Sep 27, 2025 at 9:23 PM EDT
3 months ago
Step 01
02First comment
Sep 27, 2025 at 10:04 PM EDT
41m after posting
Step 02
03Peak activity
8 comments in 0-1h
Hottest window of the conversation
Step 03
04Latest activity
Sep 28, 2025 at 8:06 AM EDT
3 months ago
Step 04

Generating AI Summary...

Analyzing up to 500 comments to identify key contributors and discussion patterns

Discussion (13 comments)

Showing 13 comments

RandomBacon

3 months ago

2 replies

Interesting, but at the very end, the author mentions a processing fee, and the application says the fee is $50 per bill!

cbhl

3 months ago

1 reply

The last time I played with NFTs it was about $50 USD just in processing fees to mint the token; not sure if that has changed since then. So it's not necessarily the case that the author is making a bunch of money off of this project; they might actually be just passing along costs.

scyclow

3 months ago

Author here. Gas costs have actually come down a lot over the past few years. It only costs me a few dollars to run the transaction. It's more that scheduling, setting up, conducting, and tearing down each burn session is a huge pain in the ass. So if I can burn 10 bills an hour, then I'd clear maybe $450 an hour after gas, which doesn't feel crazy for providing boutique financial services.

jazzyjackson

3 months ago

Gives a new meaning to gas fees

charcircuit

3 months ago

1 reply

It would be easier to make a smart contract that minted bUSD by giving it USDT to burn.

yangl1996

3 months ago

But then Tether would be holding the collateral, which would continue participating in the nation's (or the world's) economy?

commandersaki

3 months ago

1 reply

TL;DR: (Crypto) grift posing as art.

RandomBacon

3 months ago

This "crypto" at least theoretically has a ceiling.

ocdtrekkie

3 months ago

1 reply

There may have not really been much prosecution for this historically but... also rarely is a crime so carefully and meticulously documented, and we happen to have an executive branch currently obsessed with patriotic symbology and aggressive responses to petty crime... this may been a uniquely bad time to do this.

its-summertime

3 months ago

a not-small portion of his followers believes that the USD is going to be retired and replaced with a cryptocurrency, so its probably safe to do this.

Esophagus4

3 months ago

Well this is fun.

I like this sort of performance art where someone becomes the thing they’re satirizing to point out its absurdities. It reminds me of when Stephen Colbert setup a super PAC to expose how corrupt it could be.

OutOfHere

3 months ago

Issuing stablecoin legally requires collateral reserves to be held. When there is a bank run on the issued stablecoin, that's when this matters. Without the collateral, the value of the stablecoin risks dipping to zero. Faith alone isn't always sufficient.

throwmeaway222

3 months ago

It's a lot less insane than jumping out of an airplane and letting it crash for virality- but it's still in the same vein of vanity. Look at me, I'm doing something crazy.

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ID: 45400945Type: storyLast synced: 11/20/2025, 2:49:46 PM

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