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Title: This is where bitcoins go to die. Post by: sgravina on October 06, 2012, 10:38:07 AM Mybitcoin
Bitcoinia Bitcoin Savings and Trust Global Bitcoin Stock Exchange Somebody should start a business called "Bitcoin Graveyard". How do the bitcoins know where to go when they die? Is there a mystical part of the protocol that tells bitcoins when they should leave this realm? Title: Re: This is where bitcoins go to die. Post by: ElectricMucus on October 06, 2012, 10:41:15 AM How many % percent of bitcoins were lost in this manner anyway?
I'll assume bitcoins cannot be lost twice in any scheme since it's the nature of the long con. (The fraudster probably won't sell them until the price has fully recovered from his influence) Title: Re: This is where bitcoins go to die. Post by: elux on October 06, 2012, 11:01:30 AM Stolen Bitcoins never die, although they may be in suspended animation,
they do always in fact eagerly await the command of their new masters. "That is not dead which can eternal lie — and with strange aeons even death may die." Title: Re: This is where bitcoins go to die. Post by: wersaup on October 06, 2012, 07:27:10 PM How many % percent of bitcoins were lost in this manner anyway? I'll assume bitcoins cannot be lost twice in any scheme since it's the nature of the long con. (The fraudster probably won't sell them until the price has fully recovered from his influence) due to the nature of long term cons, the perpetrator can spend them before people know they've been conned. there's no need to wait for market recovery in this case. Title: Re: This is where bitcoins go to die. Post by: ElectricMucus on October 07, 2012, 02:47:18 PM How many % percent of bitcoins were lost in this manner anyway? I'll assume bitcoins cannot be lost twice in any scheme since it's the nature of the long con. (The fraudster probably won't sell them until the price has fully recovered from his influence) due to the nature of long term cons, the perpetrator can spend them before people know they've been conned. there's no need to wait for market recovery in this case. That would be the short con :D |