Thank you for your opinions and feedback regarding terminology. I've explained things well enough in the OP. If you do not like ClearingHouse or Viacoin, no-one is asking you to participate.

Running a project for the long term is a serious commitment. Nay-sayers are welcome to try it and come back to me when it takes 18 hour days, sleepness nights, endless stress and you have expensive developers, project costs and hosting to pay for. Look at most coin development after release and you will understand why underfunded projects disappear.

My own personal opinion is destroying coins needless, wasteful and would possibly be a price manipulation gimmick (which I am totally against). Also I never said issuance was by "proof-of-burn".

This is a "fire-sale" and the purchase process is called "burning". I like that because it's like forging metal in the fire to make it stronger.