[{"data":1,"prerenderedAt":164},["ShallowReactive",2],{"project-45291160":3},{"id":4,"name":5,"line":6,"line_source":7,"title":8,"url":9,"domain":10,"maker":11,"posted_at":12,"year":13,"points":14,"comments":15,"rank_in_year":16,"shown_in_year":17,"top":18,"tier":19,"category":20,"subcategory":21,"format":22,"keywords":23,"reception":28,"sentiment":29,"stance_mix":30,"scored_comments":33,"aspects":34,"strip":37,"post_text":40,"what":41,"said":58,"maker_in_thread":107,"shape":111,"grid":114,"attempts":126,"same_week":127,"maker_shows":38,"maker_hidden":157,"reader_version":158,"card":159},"45291160","Burnt US Dollars","I made an art project about stablecoins.","post","Show HN: Burnt US Dollars","https:\u002F\u002Fbusd.steviep.xyz","busd.steviep.xyz","scyclow",1758210587,2025,9,6,3107,3837,81,"shown","creative","art project","other",[24,25,26,27],"stablecoin","burn and mint","crypto art","burnt dollars","quiet",null,{"positive":31,"neutral":32,"mixed":31,"critical":32},0,2,4,{"idea":35,"docs":36},{"positive":31,"critical":32},{"positive":31,"critical":31},[38,39,38,31,39,31],3,1,"I made an art project about stablecoins. Enjoy!",{"problem":42,"audience":29,"pricing":29,"motivation":51,"time_to_build":29,"stack":55,"openness":56,"stage":57,"team_size":56},{"value":43,"source":44,"evidence":45},"Explores stablecoin mechanics by burning physical US dollars to mint a token","maker",[46,47],{"id":7},{"id":48,"by":49,"text":50},"45291895","_jsmh","An unusual property of this mechanism of creating a stablecoin is that the bank no longer holds the funds that back the stablecoin. There's no possibility of the bank locking up…",{"value":52,"source":44,"evidence":53},"Art project about stablecoins",[54],{"id":7},[],"unknown","launched",{"praise":59,"objections":66,"requests":92,"questions":93,"alternatives":102},[60],{"value":61,"source":44,"evidence":62},"Burning dollars is a better peg than a stablecoin since value is locked on-chain",[63],{"id":64,"by":11,"text":65},"45301514","Frankly, this is better than a stablecoin since the value is locked on the blockchain forever no matter what.",[67,79,85],{"value":68,"source":69,"evidence":70},"No redemption to USD and no ceiling, so it is not a real peg","commenter",[71,75],{"id":72,"by":73,"text":74},"45300848","grafmax","I understand the conversion from dollars to coin. What about coin to dollars? There’s a floor but no ceiling, so I don’t see how this is a real peg.",{"id":76,"by":77,"text":78},"45301085","etskinner","They address this on the site: >bUSD is not a stablecoin. It can never be redeemed for USD, and may trade at values other than $1 for extended periods of time.",{"value":80,"source":69,"evidence":81},"Burning currency is a federal crime",[82],{"id":83,"by":11,"text":84},"45291240","It's a federal crime a federal crime pursuant to United States Code Title 18 (CRIMES AND CRIMINAL PROCEDURE), Part I (CRIMES), Chapter 17 (COINS AND CURRENCY), Sec. 333…",{"value":86,"source":69,"evidence":87},"Disliked as art",[88],{"id":89,"by":90,"text":91},"45291222","ptsneves","I am surprised this is legal because I thought currency was property of the state. For example melting low value coins for their metal used to be illegal. I know that damaged…",[],[94,98],{"value":95,"source":69,"evidence":96},"Is destroying currency legal?",[97],{"id":89,"by":90,"text":91},{"value":99,"source":69,"evidence":100},"How does coin convert back to dollars?",[101],{"id":72,"by":73,"text":74},[103],{"value":104,"source":69,"evidence":105},"Luna Classic burn and mint mechanism",[106],{"id":48,"by":49,"text":50},{"comments":32,"answered":31,"key":108},[109,110],{"id":64,"text":65},{"id":83,"text":84},{"commenters":112,"max_depth":33,"maker_replies":32,"first_comment_mins":112,"lifespan_hours":113},5,22,[115,117,119,121,123,124],[48,31,38,116,49,31],"project\u002Fneutral\u002Fidea",[72,31,39,118,73,31],"project\u002Fcritical\u002Fidea",[76,31,38,120,77,31],"project\u002Fneutral\u002Fdocs",[64,31,31,122,11,39],"project\u002Fpositive\u002Fidea",[89,39,39,118,90,31],[83,39,31,125,11,39],"project\u002Fneutral\u002Fnone",[],[128,132,137,142,147,152],{"id":129,"name":130,"points":131,"category":20},"45284311","unscreenshottable",568,{"id":133,"name":134,"points":135,"category":136},"45361268","Dayflow",480,"productivity",{"id":138,"name":139,"points":140,"category":141},"45306120","WeUseElixir",213,"languages",{"id":143,"name":144,"points":145,"category":146},"45307166","Zedis",158,"dev_tools",{"id":148,"name":149,"points":150,"category":151},"45362813","Vibe Linking",155,"ai",{"id":153,"name":154,"points":155,"category":156},"45290590","OS-1000-lines-zig",151,"learning_science",false,"v2",{"id":160,"name":5,"line":6,"ai":157,"cat":20,"year":13,"points":14,"comments":15,"rec":28,"s":29,"top":18,"kw":161,"maker":11,"domain":10,"tier":19,"attempts":31,"strip":162,"url":9,"mix":163,"praise":61,"objection":68,"sub":21},45291160,[24,25,26,27],"313010",[31,32,31,32],1793991130265]