You do realise that the current value of bitcoin is 5x what it was a year ago? "Burned" is not the correct word for that. But that's not why bitcoin is importa

You do realise that the current value of bitcoin is 5x what it was a year ago? "Burned" is not the correct word for that. But that's not why bitcoin is important. bitcoin uses cryptography and peer to peer technologies in a very clever way to create the first internet transferrable, widely accepted currency where you don't need to trust someone else like a government or a bank. It's a true peer to peer currency.