user122045: BitCoin burning is the process by which digital currency miners and developers can remove bitcoins from circulation, thereby slowing down inflation rates or reducing the total circulating supply of bitcoins.
Isn't burning bitcoins a kind of fraud?

user122049: Are they lying about something? Not really. This would be like if you put a bunch of money in a vault, threw away the key, buried the vault, and then wiped your memory so you don't know where it's buried. Would that be fraud?

user13866: 
BitCoin burning is the process by which digital currency miners and developers can remove bitcoins from circulation

I think you'll find that "Bitcoin burning" refers to owners of Bitcoin burning their own money (not anyone elses) by the equivalent of sending it to an address that no-one owns.
It is not something that miners or developers do with other people's money.


Isn't burning bitcoins a kind of fraud?

One definition of fraud is

wrongful or criminal deception intended to result in financial or personal gain.

Burning your own Bitcoin (and no-one else can) is not a way to deceive others (at least not in any obvious way) and does not by itself result in any financial gain for the person burning their own money.
It is not fraud, per se, to burn your own money.

122045: <p>BitCoin burning is the process by which digital currency miners and developers can remove bitcoins from circulation, thereby slowing down inflation rates or reducing the total circulating supply of bitcoins.</p>
<p>Isn't burning bitcoins a kind of fraud?</p>
 122049: <p>Are they lying about something? Not really. This would be like if you put a bunch of money in a vault, threw away the key, buried the vault, and then wiped your memory so you don't know where it's buried. Would that be fraud?</p>
 13866: <blockquote>
<p><strong>BitCoin burning is the process by which digital currency miners and developers can remove bitcoins from circulation</strong></p>
</blockquote>
<p>I think you'll find that &quot;Bitcoin burning&quot; refers to owners of Bitcoin burning their own money (not anyone elses) by the equivalent of sending it to an address that no-one owns.</p>
<p>It is not something that miners or developers do with other people's money.</p>
<hr />
<blockquote>
<p><strong>Isn't burning bitcoins a kind of fraud?</strong></p>
</blockquote>
<p>One definition of fraud is</p>
<blockquote>
<p>wrongful or criminal deception intended to result in financial or personal gain.</p>
</blockquote>
<p>Burning your own Bitcoin (and no-one else can) is not a way to deceive others (at least not in any obvious way) and does not by itself result in any financial gain for the person burning their own money.</p>
<p>It is not fraud, per se, to burn your own money.</p>
