Two instances for burning BTC/crypto at the moment (with relation to Blockstack)
- To buy blockstack ICO
- To pay for identity
Is there a reason they must be burnt?
It’s 100% sensible to place a financial burden on creating identity to prevent spam/fake account inflation.
But surely we can find a way to put the money to good use while ensuring the money can’t easily make it back to the original owner/conspirators.
Perhaps allow a few options?
- donate to blockstack
- donate to some sort of community honeypot. Perhaps with in return for a token to vote funds towards one of several charities or app developers. (raises more questions but should we explore?)
- donate to James O’Donoghue (great guy btw)
Would love to hear your thoughts. Am I missing something?