 Lucia asks, what are token burns? Why are they necessary in the first place and what do they accomplish? Token burns are where you publicly demonstrate the destruction of tokens in circulation. So you remove them from circulation by sending them to an address that destroys them or that doesn't have a corresponding private key making them unspendable forever. And there are such addresses in the bitcoin space and of course in other blockchains too. You can create addresses that are so obviously artificial that there's no possibility they arrived from a random private key, therefore you can assume there is no private key, therefore you can assume that any money sent to them is permanently out of circulation. So what happens when you remove money from circulation? When you remove money from circulation the amount of total money in circulation decreases which means that the purchasing power of the remaining amount of money in circulation increases in value. The purchasing power increases meaning you demonstrate deflation. You deflate the money supply by burning the tokens. And so if you think about it in dollar terms, if you printed dollars you inflate. If the central bank took a whole bunch of existing dollars and put them in the middle of Times Square and very publicly set them on fire then you would know exactly how many dollars have been removed from circulation and as a result you get this public demonstration of deflation. It's a monetary policy and a monetary activity. I hope you enjoyed that video. If you'd like to support me and my mission of educating people about bitcoin and open blockchains all around the world and publishing free content under Creative Commons licenses please consider subscribing to the channel, sharing this video, as well as supporting me on patreon.com slash a-a-n-t-o-n-o-p. Thank you.