How is the BTC burned? Does that mean I lose the BTC forever? How is this accomplished, technically?
The BTC are given to Bitcoin miners in fees. That makes them impossible to get back.
So, if XCP will become popular, any pool, ghash.io for example, easily can create infinite quantity of XCP with such "burning" of BTC.
Scheme is very simple:
1)create burning transaction
2)don't distribute it over the network
3)get back our btc as miners
4)get xcp as burners
5)???????
6)PROFIT
Am i right?