I think it is just theory as it is immediately removed from circulation the block after it is created. In my opinion, no one cares or even looks at what is burned, the real benefit is the lack of sell pressure caused by someone selling it.
I've said this a ton of times in the past, I could burn my entire stake (2M+ Hive) and the price wouldn't move 1 cent. No one cares. But I sure can affect the price just selling/buying a fraction of my stake.
Right. This is why nearly every time I encounter a situation like this and start thinking about the numbers, my mind always drifts and focuses directly on that one missing element I included in the story for another day.
Tactics removing potential selling pressure combined with actions generating consistent buying pressure yields noticeable results. No one cares... lol