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RE: ADSactly Crypto: What Is Coin Burning?
How do you control the flow of digital coins? I thought it was impossible! Also what I see as impossible is to control the quantity and value with this mechanism. Who can guarantee me that scarcity will bring a high price? Is there no possibility that it will tend to go down as it is not circulating? I read about the burns once in connection with the BTC. I think there's a lot of risk. Thank you for this very pertinent information
You can't really control the flow of coins it will always go to those who want it most by effort/mining/purchasing. No one can guarantee me that scarcity will increase the price, its more of a long term play in hope that you reach a point where the amount in circulation is getting the most value it can, obviously, you can't burn your way to a specific price. Burning is to remove dead currency not generating production the only way to really improve the value is to have more people wanting to use it in combination with a reduction in inflation.