Bitcoin Forum
May 26, 2024, 07:44:52 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: This is where bitcoins go to die.  (Read 1393 times)
sgravina (OP)
Sr. Member
****
Offline Offline

Activity: 451
Merit: 250



View Profile
October 06, 2012, 10:38:07 AM
 #1

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?
ElectricMucus
Legendary
*
Offline Offline

Activity: 1666
Merit: 1057


Marketing manager - GO MP


View Profile WWW
October 06, 2012, 10:41:15 AM
 #2

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)
elux
Legendary
*
Offline Offline

Activity: 1458
Merit: 1006



View Profile
October 06, 2012, 11:01:30 AM
 #3

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."
wersaup
Member
**
Offline Offline

Activity: 82
Merit: 10


View Profile
October 06, 2012, 07:27:10 PM
 #4

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.
ElectricMucus
Legendary
*
Offline Offline

Activity: 1666
Merit: 1057


Marketing manager - GO MP


View Profile WWW
October 07, 2012, 02:47:18 PM
 #5

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  Cheesy
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!