1. Interesting

2. Should be moved to the alt currencies forum.

3. Can you tl;dr the benefits over proof of stake?

4. The idea of "Coin-burning as a tool for transition between cryptocurrencies" first appeared, I believe, in the so called "Dacoinminster' Second Bitcoin Whitepaper". If you borrowed the idea from there, credit and reference is due. In fact, I think you should refer to it regardless.