Wondering what burning BTC would achieve for noble?
Automatic, fair, decentralized distribution of the new coin?
I'm just looking at how counterparty resolved this.
Transactions were burned by being sent to unspendable output. These ~2,125 btc are lost to the ether.
This was not an IPO. No entity including development team ever saw a penny of those funds. Actually it had the effect of enriching bitcoin holders. This distribution model put everyone on equal footing from day 1, ensured no allegations of foul play nor complaints of mismanaged funds. Everything from day 1 is fully auditable and transparent for the world to see.
If it will make NOBL-NEW interesting, as fairly distributed with that fair method, it would also help BASE-NOBL to become more popular, maybe?
Edit: That's because I think that initial distibution is a key. Almost all the new coins are beeing distrubuted mainly to "rich" entities in terms of available mining power and/or money, making it difficult to distribute fairly.
Another day I have read that devs of some coin, pretending to be "2.0", now wait for a number of stakeholders to become more than 3000 and only then, they say, and not before, launching the blockchain will make sense at all... I'm just not sure where was it, that info, and which coin.
There are some equations existing out there, for calculating the number of initial holders/users needed for an asset to have a chance to become a currency.
