The Counterparty protocol has not yet been finalized! You may lose your money if it changes!
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This looks like an interesting project. Has the timeframe of the burn period been decided? Does this warning mean that we shouldn't burn real BTC yet?
The burn period goes from block 278310 to block 283810, or roughly a month. You can burn real BTC, but there are risks associated with doing so, which is why there is a 50% reward that is linearly decreasing over the course of the burn period.