Yes it can make Bitcoin worth more, but that doesn't mean that the community is going to want to keep buying more -- as that's the only thing that can build up value, if there is more demand then supply which is what is meant to happen by controlling the amount of BTC which is allowed to be in supply.
Though still, this is something that will be affected by the people and the traders and such.
It is better then being able to print massive amounts, like what FIAT is though.
Topic: If there will only ever be 21 million BCH in existence... (Read 239 times)
... won't burning them make the rest of the BCH proportionally worth more?
(assuming BCH isn't forked to remove the 21M hard limit)
(assuming BCH isn't forked to remove the 21M hard limit)
Sorry if I have missed something but why would BCH coins be burnt?
A win-win between
BCH true believers who'll dispose of the BTC they call "1MB cripple coins" (-Roger Ver) in exchange for making their BCH more scarce
and
BTC true believers who don't want to sell their split BCH (pronounced 'bish') into circulation between true believers and BCH victims, possibly incurring criminal or civil liability, but do want to be compensated for the split value-destroyed
I thought a bunch were already burnt as the first few million BTC were forgotten about (NOT SURE), but supply isn't always the only factor that affects price.. Demand also plays a big role!
... won't /z8djUM]burning /M5wyJd]them make the rest of the BCH proportionally worth more?
(assuming BCH isn't forked to remove the 21M hard limit)
(assuming BCH isn't forked to remove the 21M hard limit)
Sorry if I have missed something but why would BCH coins be burnt? However I still feel that I can answer the question. The generally accepted way to think about worth is by using the market cap and we all know that is the supply of coins times by the price. If coins were to be burnt then the market cap would initially increase given the price remained the same. However most times this means that the remaining coins gain utility and the price of them then adjusts upwards until they are at such a price again that the original market cap remains the same.
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