[Lowgain]

I'm reading the token whitepaper, and I came across the section mentioning "proof-of-burn" as a way to gain Stacks:

     With proof-of-burn mining, miners destroy a proof-of-work-based cryptocurrency (currently Bitcoin) to get tokens

This seems strange to me - in a blockchain such as Bitcoin where the total number of coins are limited, wouldn't this make the bitcoin community want Blockstack off their chain?

Maybe I am missing something, or the amount of bitcoin destroyed will be negligible?

[ismaelbej]

Bitcoin has a limited supply, so the less available the more valuable each remaining piece becomes.

But I'd guess you will only burns Bitcoins if you get something of more value.