But if all the coins get burnt save 1 who would own that one coin?
I asked that same question, as I was focusing on coin valuation on the exchanges.
He was just trying to show how dividends would increase if the coins were burned. And they would.
Although it's not subtracting 25 btc from the dividend pool, but the asset pool. And my opinion is that 25 btc would be better used for other purposes.