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Other / Beginners & Help / Re: Destroying bitcoin, by coin, by coin...
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on: July 06, 2011, 08:52:46 PM
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Bitcoin addresses do not get "reserved" when they are generated, it is just astronomically unlikely to generate one that has been used before. In theory, you could keep generating new addresses until you hit one that has coins in it, but as SgtSpike said this would be much more difficult than finding valid blocks.
Huh... So, technically, it is possible to get into any ones wallet like that? That's fun)
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Other / Beginners & Help / Re: Destroying bitcoin, by coin, by coin...
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on: July 06, 2011, 08:36:43 PM
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1) You cannot destroy Bitcoins, you can only lose them (and they CAN be found, albeit with difficulty)
Uhh... Could you please give some info about finding lost bitcoins? It would take billions of years of utilizing the entire GPU force we have mining bitcoins to do it. I wouldn't count on finding any lost coins anytime soon. Oh. I see. Well, it would be nice to know the theory though.
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Bitcoin / Bitcoin Discussion / Re: THIS is Why Bitcoin Has and Will Gain Support and Popularity
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on: June 30, 2011, 05:13:57 AM
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Why bitcoin? Because it's more currency than anything else in this world. Money is just a bunch of virtual numbers, that have some meaning just because we agree that they have it. It is there for convenience only and depends on peoples agreement more than any other backing up. That is why money is made by everyone. Look in your purse. What do you see? It's just colored paper and round pieces of metal. It is only your trust and belief, that turns that paper and metal into dollars or euros or whatever currency you use. So why bitcoin? Because every other currency is an agreement that is being imposed on you. You have to roll with it, weather you like it or not. With bitcoin it is up to you to accept or decline the agreement. It is up to you to determine the value of them, as opposed to centralized systems, where you have to go with decisions made for you. With bitcoin you are recognized as a part of the agreement and because of that, you are treated as an equal among equals.
Tagline: Bitcoin - money as it should be.
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