Or they could be burnt permanently by sending them to the genesis account [
]
Sure thing. I can do that. Will just mean if the cycle idea is a success then a new 'asset' and ID is issued in the future. I'm fine with that.
I'm not sure I understand the whole cycle thing
Of course, if a new asset is issued I can see where new coins come from. But if no new asset is issued?
'Cycling' was the idea that if the deflationary nature of NOXT eventually meant there were very little to zero remaining in circulation then they could be re-issued as a new investment/crowd fund in the future. Much longer term.
If no new asset were issued and all NOXT sat in the genesis account, then obviously they could not be re-distributed. This can be solved though by just issuing a new 'asset' much further down the road. I think people would be much more comfortable seeing the NOXT burnt in an address they know no-one can touch, so that's the best course of action.