Empirical, we have discussed it before. Dan's stance on the burning vs returning fees to the BTS pool makes little to no sense:
"Well we are making sure we never run out of funds for development, so we put them back in the fund". It is true Dan but burning the funds is effectively a buy back which in theory as well as in practice leads to appreciation of the stock price... So if we burn them (aka buy them back) the price will go to say $1 per BTS.... are you gonna run out of funds with $700Mil to spend? And that's all without the additional benefits of increasing BTS price.