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TheWildCard
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Burning coins causes deflation and hence increases the value of remaining coins.
*UTILITY INCREASES THE VALUE*
#BitcoinCASH
is greater than *just* the $$$
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ChainXOR
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True and for that very reason supply/demand holds true.
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TheWildCard
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what does that have to do with burning coins?
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ChainXOR
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If the demand is contant and supply goes down (by e.g. burning), the price of the remaining supply must go up.
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TheWildCard
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Loop back
#iLOVEonChainPosts
BCH
IS
NOT
*JUST*
ABOUT
THE
PRICE
Of all the ways to increase price
(if this is what you are limited to)
Burning is the laziest,
most deceitful.
Goodbye
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Sk8eM dUb
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Burning coins is kind of like burning a Tabasco the Bull thinking it'll make all the other extant Beany Babies more valuable/desirable. In reality it's just a token gesture(wakawaka).
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ChainXOR
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I agree it is lazy, and we should seek to grow value in other ways. I was just stating how the market works.
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