It's a classic PR spin. A little bit, but not too much of wearing sackcloth and ashes. Promise that they will improve and talk about technicalities. Personal reply to everyone that gives them support.

If you look at the content, they've addressed none of the concerns community had and made it hostile towards the management in the first place.

They burned 750k in Q3, ICN price went down 60%. Not sure what kind of effect you think 1M burnt would have?

ICONOMI has now locked their Reddit channel.

It would likely be far cheaper for the world government shutdown the Bitcoin network with network filtering and establish alternative under their control.

Waves DEX is to restrictive and will turn off many people that would normally participate in the ICO, but if your idea is good, you might get the targeted 50k.

Exactly, market is only aware of it through the supply/demand of the guy who lost Bitcoins. Considering he will not be able to sell the lost coins at some point, this reduces future supply and consequently increases the price. Also, he might want to purchase more coins, because he lost some, so that increases demand and again the price. So lost coins do not influence supply/demand by itself, the guy that lost them does.

Because people are sick of elites and this was one of the rare occasions when they had a change to show them the middle finger - if only by electing a different kind of elite.

No, not really. Futures have already "digitalized" all kinds of assets, so this is not new. Other things such as supply, demand, rational human behaviour and greed - it's all there.

Strange? Have you seen the Q3 numbers? With Q3 rate it will take 222 years to burn all the ICN tokens but only a few years to use all ICO money for operational expenses and only if they will not use more ICO money to fund their pet project and not loose more money due their technical incompetence. They have already spent $57M ICO money to launch their private companies Columbus Capital and Cofound.it from which ICN investors have nothing, no fees, nothing. You basically gave your money so they can play with it and you are getting no return. They've also lost all Eth, $36M due to Parity bug, so from $120M ICO money they have less than $30M left.

After a year they have shown no real income, all promised features are still just a promise and they are increasingly hostile to their investors. Today their CIO lost his nerve:

In a year, they will channel out ICO money for their bonuses and new pet projects and the $120M ICO money will be gone and ICN with it.