In the crypto world we often see negative words attached to the markets, like: mlm, schemes, ponzi, pyramids and why not, the word scam is often being used. Perhaps because is a free world and more people have an access to the internet, wording ideas and opinions to make them fly rapidly, like the tweet of bird. But scams, ponzis and all kind of schemes always existed and one could argue that all life is a pyramid scheme and even economy, politics, society works like a scheme. Humans are on the top of a pyramid. You have to be in the matrix to understand you are not outside of it. Or the other way around, who cares.
The burning of coins is one of those activities that might seem like a tactic to attract investors. Is the act of sending tokens/crypto coins to an address and never being able to get them back/sending them. Is intentionally developed in the coin algorithm (proof-of-burn) and its scope is to maintain coin value, hoping to to the price in the long run and the general market performance of that coin. One other reason why proof-of-burn is implemented at these coins is to keep a balanced mining ecosystem. The early users or adopters of that network will have same possibility and rewards or access to the coins like the new users. This is in fact one of the positives of burning and could actually give an optimistic vibe to the users, as it is fair for everyone. So the intents of burning coins are in my opinion good and also healthy in most cases for all the users and that coin in general.
Some rush to call this a scheme to make investors put more money, a red flag for a scam. But I do not like the term scam (although it does exist at some point on aspects of economy and life in general). Scams existed since forever and will as long as users will hope to gain fast and easy. But, concerning proof-of-burn, if we do decide to label it scam, then all other markets and publicly tradable assets that do this activity must receive the same label.
A stock/share repurchase or buying back is actually happening all the time, every day and everywhere, we just do not know about it publicly. There is no GitHub with all what is going to the share from the public trade market. A company buys its own shares from the market and as a result, it directly reduces the amount of stock circulating.
They can either buy shares at existing market prices or offer a weaker, sweeter fixed-price offer to current shareholders. The main benefit of a buyback is the price growth that investors see after the transaction in almost all cases. Because the supply of stock available to the existing market becomes smaller abruptly, each share is now worth more. But no one knows or see that (from the outside) so who cares. Is it a dump? A pump? No, is just normal market activity. So, let's keep it that way in the crypto world as well.
