Replying to Avatar utxo the webmaster 🧑‍💻

I remember deep in the bear market, some plebs on Twitter were literally burning their sats (sending to dead address) trying to get the price to go up

Was very sad to watch

But you gotta go through that bear market trauma to truly build conviction I think
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Pierre 11mo ago

Does burning sats even do anything? In theory it reduces supplies, but that doesn’t really change anything in the short term as someone will always be willing to sell at a low price.

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utxo the webmaster 🧑‍💻 11mo ago

Not really doing anything especially at a pleb level. Millions of BTC are burnt from the early days already, throwing away 10,000 sats ain't gonna do much