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.
I am an economist and futurist and have been studying BTC since 2010 and didn't buy until 2017 and I am in total amazement as to the total flow of fiat into the cryptos and this EMC2 one is really glowing on my screen. It just makes sense and feels right. And I'm so glad that you shared those facts about the data of MONA! That really illuminates one very significant future path (it may be one just around the corner). If it happens, I want it to happen with EMC2, so the scientists can help us back! Earth needs significant help from positive scientist immediately. I think we should all get together and make this EMC2 coin happen! We need to save Earth and all of the human race (many issues for scientist to help with right now)!