I think you're misunderstanding a thing here, they won't burn 55M coins, they will remove them from the max total supply not from the circulating supply, by removing the wormhole feature
Thank you for correcting me. Wow that is still amazing news! I wonder how big the "big announcement" is for December 19, 2017? Can you imagine if an entire country decided to adopt it as their currency (I don't think that's the announcement; however that would be big)?
It made me think of it when I read the blog article:
Title: WHAT WOULD HAPPEN IF A COUNTRY CONVERTED ALL OF ITS CURRENCY TO BITCOINS?
https://www.emc2.foundation/emc2-blog/2017/5/31/what-would-happen-if-a-country-converted-all-of-its-currency-to-bitcoinsI can tell you what would happen if a country adopts it as their own, Monacoin MONA floundered around for years never going over .40 then recently ( couple months ago ) Japan says this is our coin now and it has full legal status as a currency. Hit all targets $2 $4 $6 and $9 which is 1000 yen and their goal. Now its still going $15 to $20 and settled here ( for now) at $16
was a great campaign headed by downtown Tokyo retailers
I think this is going to continue to happen with other countries as they will want something that reflects their culture as well as a store of value in the crypto world.