How much POB are we talking about? First of all why would we entertain the idea of permanently removing BTC from the ecosystem? Today's change can be next decade's car (or for you bears that want to start a fight for no reason, it could also be next decade's trash).
Also I still don't understand how POB is necessary. I read it but ELI5 someone? Because I don't see why its necessary.
In the past, this has primarily been used to bootstrap one cryptocurrency from another.
In what past? Bitcoin is the first cyrptocurrency. And if it happened to alt coins, that doesn't mean anything for bitcoin.
The act of burning coins shows the network that the user is committed to their identity because theyve now expended resources on it, and if they incur a negative reputation then those resources will have gone to waste.
I get this except for the part where its undetermined how much would be burned. Then when the price changes, the value of the POB changes too. I could imagine someone burning 0.01 today and in ten years that pledge looks like a lot more (or less, for you bears but for this example bear with me). So what if someone pledged a lot of accounts or addresses, and in ten years used those accounts to scam people? Sure looked like they invested a lot