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lucia asks what are burns why are they necessary in the first place and what do they accomplish burns are where you publicly demonstrate the destruction of s in circulation so you remove them from circulation by sending them to an address that destroys them or that doesnamp;#39;t have a corresponding private key making them unspendable forever and there are such addresses in the bitcoin space and of course in other blockchains too you can create addresses that are so obviously artificial that thereamp;#39;s no possibility they arrived from a random private key therefore you can assume there is no private key therefore you can assume that any money sent to them is permanently out of circulation so what happens when you remove money from circulation when you remove money from circulation the amount of total money in circulation decreases which means that the purchasing power of the remaining amount of money in circulation increases in value the purchasing power increases meaning you de