Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: hathmill on November 16, 2013, 10:42:27 AM



Title: mining + taint = rich
Post by: hathmill on November 16, 2013, 10:42:27 AM
0. Build your own ASICs
1. Create untainted coins by mining new blocks.
2. Creata the infrastructure to taint coins.
3. Reduce existing supply of untainted coins by tainting old ones.
4. Sell the untainted coins you mined.


Title: Re: mining + taint = rich
Post by: niothor on November 16, 2013, 11:14:10 AM
0. Build your own ASICs
1. Create untainted coins by mining new blocks.
2. Creata the infrastructure to taint coins.
3. Reduce existing supply of untainted coins by tainting old ones.
4. Sell the untainted coins you mined.

5. There is nobody around to sell bitcoins to cause the taint thing f*** the whole thing
6. All the investment is lost.
7. Get a new job.


Title: Re: mining + taint = rich
Post by: ineedit on November 16, 2013, 11:30:25 AM
0. Build your own ASICs
1. Create untainted coins by mining new blocks.
2. Creata the infrastructure to taint coins.
3. Reduce existing supply of untainted coins by tainting old ones.
4. Sell the untainted coins you mined.

5. There is nobody around to sell bitcoins to cause the taint thing f*** the whole thing
6. All the investment is lost.
7. Get a new job.


Just change the protocol. Recycle old blocks to new, pruning any transaction that has been fully spent along the way, and then getting bitcoind & miners to re-validate, sign and confirm. In the end everything would be tainted.


Title: Re: mining + taint = rich
Post by: lucaspm98 on November 16, 2013, 12:10:53 PM
True, but Bitcoin willl quickly fade away if it becomes as regulated as fiat, so who will you sell them to?


Title: Re: mining + taint = rich
Post by: ineedit on November 16, 2013, 04:17:27 PM
True, but Bitcoin willl quickly fade away if it becomes as regulated as fiat, so who will you sell them to?

People in countries where it is unregulated.


Title: Re: mining + taint = rich
Post by: Sustainable on November 16, 2013, 04:19:06 PM
True, but Bitcoin willl quickly fade away if it becomes as regulated as fiat, so who will you sell them to?

No it won't.