from what i have seen in the crypto related facebook group, they way of we see the burn is the scarcity of the token or coin, and also less supply means higher price when there is bigger demand.
in some cases those burn might really works well, just like how Cake and BNB are doing, price spike after the burning. that is why we see it taht way, not looking at the growth can really outperform the inflation rate just like you ethereum example
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Yes well it is the same thing that gets people excited about stock buybacks. This is following the same premise because it is viewed the same way. The only think people care about is that the price goes up. For a stock that makes sense since there is little to do with that otherwise.
But if one is claiming that a token can be used as a currency as a transfer of value, then there is more to it than just the token price. And unlike a stock, which has revenues and, hopefully, profits, crypto doesnt. So the idea of growth is not necessary.
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