The primary developer of SHIB, Shytoshi Kusama, responded to a query regarding the BONE staking incentives not yet being distributed, the absence of additional validators, and the actions the dev team is now taking to “remedy things” in the “Shibarium Tech” group on Telegram.
“Particular strategy of adding validators”, SHIB burns on Shibarium
Shibarium and its cryptocurrency were the subject of an inquiry on Telegram from a user who was a fan of the project. The person wanted to know why the staking incentives had not yet been given out and why there were only 12 validators on the network when there were supposed to be more than a hundred.
In response, Shytoshi said that in order to maintain the security of the Shibarium network, the SHIB team employs a “particular strategy” when adding validators. He emphasised that this technique calls for the progressive integration of new validators because introducing them all at once would “threaten the chain.”
Regarding the payouts, Shytoshi said that they had “increased and will soon be forthcoming,” mentioning the token of SHIB burns powered by Shibarium. According to the primary developer, burning starts with the conversion of $25,000 worth of BONE into SHIB in the contract. It will take “longer than many expect once again” to collect this much BONE since it is so much money and equals 3,607,503,607 Shiba Inus, Shytoshi said.
Kusama reassured that in order to scale, the developers would continue to work hard behind the scenes to resolve these problems. However, they would rather keep quiet and not fully disclose their plan to the public. The author of the aforementioned queries was advised by Shytoshi to go through his most recent communication “for a hint to how this will change.”
Shytoshi responds to critics about SHIB price not rising
Kusama responded to a critic’s query on Sunday on the “SHIB price not moving an inch” on the X social media site. According to Kusama, “true work” goes into making the Shiba Inu price move, and “those who Bark the loudest aren’t the ones working.”
Overall, it appears like the SHIB crew is working on a significant project because Shytoshi just mentioned “something’s brewing” in the Telegram group. In addition, he had already revealed a recent encounter with a few representatives of Shibarium partner Bad Idea AI. He said that during the meeting, “secret and not so secret” AI plans for Shiba Inu were discussed.
Artificial intelligence getting trendy in crypto space
Recently, artificial intelligence has gained popularity and shown promise, particularly with ChatGPT’s release and Elon Musk’s decision to found his own AI business that would be “not woke” enough to compete with ChatGPT’s inventor Open AI.
Many cryptocurrency projects are now using AI and building their currencies around it. One of those ambitious cryptocurrency initiatives is Bad Idea AI.
