- A user has burnt 603 ETH tokens worth $1.65 million.
- This mysterious user claims that computer chips are controlling the human brain.
Over the past three weeks, crypto markets have faced multiple scandals. Ethereum [ETH] is the latest in the game, as reportedly, a programmer named Hu Lezhi burned 603 tokens worth $1.63 million.
This mysterious holder then donated the remaining 1.950 ETH tokens worth $5.35 million to WikiLeaks. After making these two major transactions, he vanished.
However, he left a very troubling message that has left everyone talking.
His on-chain message reads like a dystopian sci-fi horror. This holder claimed that executives, especially in his workplace, use brain-computer chips to control people.
“There is a new mode of crime in which wild animals become puppets or complete slaves to the digital machine.”
Further, he accused his Chinese boss of using a mind-controlling weapon to manipulate employees. This control leaves employees following orders without questions.
Allegedly, nano brain chips have been deployed on employees at a military scale. This has made people puppets and complete slaves to digital machines.
Thus, he claims that the world is run by a mind control organization, and if he loses his human dignity one day, he would rather leave this world.
“Here is a new mode of crime in which the victim is gradually deprived of his senses of desire until he becomes a complete slave to the digital machine, and if one day I become a victim of the final stage, I will leave the world.”
This chilling message has caught everyone’s attention and left them talking about the future of blockchain.
Any impact on Ethereum?
While the controversial opinion left by the programmer is a dark shadow for the blockchain industry, his actions were good for Ethereum.
Source: CryptoQuant
For starters, the holder burned 603 ETH tokens, which is a deflationary action. This is evidenced by the rising burnt fees total.
When this sees a sustained rise, it implies that total supply is reducing, making the asset more scarce. Economically, lower supply is associated with higher prices if demand rises or remains strong.
Source: Santiment
The reduced inflation was further validated by the declining annual inflation rate, which dropped to 0.73 over the past week, implying that Ethereum’s supply was declining at a sustainable rate.
Therefore, with declining, inflation, the recent burn is a good thing for Ethereum, especially as it struggles to record a sustained uptrend on its charts.
In conclusion, as this mysterious individual leaves a troubling message, it calls for better usage of blockchain and other developing technologies.
On the flip side, the burning of Ethereum tokens positions ETH for better performance, as it’s a deflationary act.
As such, if demand rises, ETH could reclaim $2.7k and attempt to reach its highly awaited level of $3k. However, if the news is perceived negatively by the market, ETH would drop to $2.5k.
