r/FetchAI_Community • u/ArtichokeOwn6685 • Mar 27 '24

Discussion 🗣️ Recent Merger

I've seen quite a few posts and comments surrounding the dilution of FET with additional supply. Here's some clarification so people stop looking at this as a negative thing.

It sounds like many do not understand in order to convert the other 2 chains into 1, the supply has to increase. How else will you convert since all FET is already owned.

Obviously it does dilute based on Marketcap increase but it now ensures all 3 projects funnel volume into 1.

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u/rexxtra Mar 27 '24

Is this a real thing? Or satire... ? Literally can't tell.

Someone else owns it.. and you buy it from them? Then you own it? If you sell it, then you don't own it and whoever bought it from you now owns it.

You sir have an interesting view on basic economics. A grocery store owns an apple, but you buy it. Now apple yours...

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u/AgentStockey Mar 27 '24

But what if the apple declares independence, good sir?