Why Burning Bitgesell coins?
WHY BITGESELL BURNING DAY? The Bitgesell Burning Day (BBD) is not about burning other people's coins. It is a voluntary burn by members to accelerate the deflation and appreciation process. This initiative is the result of several similar processes in many other reference cryptocurrencies. For example, Binance’s own CZ has been responsible for burning thousands of BNB over the past few years, concerned with stabilizing the currency’s value. Bitcoin itself had miners and early holders (you can check on BitcoinTalk from 2015 - https://bitcointalk.org/index.php?topic=917913.0) who burned quantities of BTC that, in less than 10 years, turned into true fortunes! Only a crazy person would burn BTC today! That’s right! Only a fool burns BTC today. Nowadays, it's rare to see this happen because the currency has reached such a high level of appreciation that no one dares to do it unless they were an early miner or bought BTC at a ridiculously low price. BBD is therefore a v...