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21 sats \ 1 reply \ @TheBTCManual 15 Dec 2022 \ on: Is burning bitcoin bad? bitcoin
I don't see the reason to burn bitcoin, it already gets burned naturally through negligence and bad practices, as long as the hard cap is enforced and the issuance rate remains with consensus you don't need to try and drive deflation
I can understand burning a bitcoin for something like a drive chain to ensure there will never be a double spend but other than that, I can't see why you would want to get rid on future claims of productivity
This token burning gimmick is exactly that a gimmick for driving short term speculation leave that to the shitcoiners and fiat normies
I'm definitely not interested in burning bitcoin to drive deflation for the sake of it, like you said that happens anyway.
I am interested in the concept of donating bitcoin in the form of burning it in exchange for some network service from a technical perspective.
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