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The mint authority just got permanently revoked. Might take a moment for the change to reflect across different platforms.
What happened here is the SetAuthority instruction locked the mint authority to 'none'—meaning it's gone for good. Once this settles, the implications are pretty clear:
• New tokens can never be created for this one
• The supply is capped and immutable
This kind of move signals the token's supply structure is now permanently fixed.
Another "permanent" promise... I've heard enough of those.
Locking permissions is easy, but locking people's hearts is difficult, everyone.
The key question is whether there will be new tricks later on. If only I had known earlier.
This time, there are no backdoors, finally looking a bit more secure.
Is the supply permanently fixed? Take it with a grain of salt; anyway, I don't believe it again.
The supply is completely fixed and can never be changed again. It feels a bit harsh.
SetAuthority has made the final call; this move is a gamble on reputation.
Never issuing more tokens—now that should give some sense of security... How should I put it?
Finally, there's a project daring to do this, but once major exchanges reflect it synchronously, it will be another story.