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Author Topic: mining + taint = rich  (Read 1084 times)
hathmill (OP)
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November 16, 2013, 10:42:27 AM
 #1

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.
niothor
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November 16, 2013, 11:14:10 AM
 #2

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.


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ineedit
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November 16, 2013, 11:30:25 AM
 #3

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.

If I have been help then please show your thanks         BTC: 127PRogAVZiV3fEmpJERh9KemK3a3Ffh6G         LTC: LXghFL8mZffpTFkm2nRTesuDrV5DJQP3Js
lucaspm98
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November 16, 2013, 12:10:53 PM
 #4

True, but Bitcoin willl quickly fade away if it becomes as regulated as fiat, so who will you sell them to?
ineedit
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November 16, 2013, 04:17:27 PM
 #5

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.

If I have been help then please show your thanks         BTC: 127PRogAVZiV3fEmpJERh9KemK3a3Ffh6G         LTC: LXghFL8mZffpTFkm2nRTesuDrV5DJQP3Js
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November 16, 2013, 04:19:06 PM
 #6

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.

Cloud Mining - Mine when your computer is not on. Mine if you don't have the appropriate hardware or operating system! Mine when you are asleep! ---> https://cex.io/r/1/Sustainable/0/
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