destroying bitcoins

[merve10495]

People who helped destroy bitcoins to raise the btc-price:
leen93 : 10.000 satoshis

But the price just went down again! Oh Noes! This is having the opposite effect!
EVERYBODY PANIC!

[1713481327]

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[Amph]

better to destroy fiat and decrease inflation, thus making fiat stronger and as a  consequence bitcoin also

bitcoin are too precious too be destroyed

Fiat is like paycoin, 350% more printed per day, destroying does nothing

if all citizens, start destroying it, i'm sure the printing can't match the destruction, resulting in less scam fiat in circulation

and btw there are 15-30% of bitcoin destroyed already, is more than enough

[Sithara007]

if you want to make a serious impact start with destroying 1btc. let's see how much impact it has.
and we will see how many people will follow.

Hahahahaa...that was a good one. I think that is rally silly idear. Destroying your own money and thinking other would follow is foolishness.

[Dotakels]

if you want to make a serious impact start with destroying 1btc. let's see how much impact it has.
and we will see how many people will follow.

Hahahahaa...that was a good one. I think that is rally silly idear. Destroying your own money and thinking other would follow is foolishness.

Its so impossible that you will destroyed your own money.  Hahaha if you are rich you can do that, but we are poor so thata the reason why we are using btc to have a knowledge and money  but dont abuse it or you will get banned .

[aso118]

if all citizens, start destroying it, i'm sure the printing can't match the destruction, resulting in less scam fiat in circulation

Most fiat is generated through a decision of the central bank / commercial banks through fractional reserve lending.
Destroying fiat isn't going to help you. It is just going to transfer value from you to the system you hate.

[Hazir]

if all citizens, start destroying it, i'm sure the printing can't match the destruction, resulting in less scam fiat in circulation

Most fiat is generated through a decision of the central bank / commercial banks through fractional reserve lending.
Destroying fiat isn't going to help you. It is just going to transfer value from you to the system you hate.

While it is generally true that destroying money only makes you poorer and you wont achieve anything by doing so, maybe apart from showing people how loaded and eccentric you are.
But destroying bitcoin from the other hand has very good effect bitcoin's economy. It is just like Satoshi said: Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.

[Dotakels]

if all citizens, start destroying it, i'm sure the printing can't match the destruction, resulting in less scam fiat in circulation

Most fiat is generated through a decision of the central bank / commercial banks through fractional reserve lending.
Destroying fiat isn't going to help you. It is just going to transfer value from you to the system you hate.

While it is generally true that destroying money only makes you poorer and you wont achieve anything by doing so, maybe apart from showing people how loaded and eccentric you are.
But destroying bitcoin from the other hand has very good effect bitcoin's economy. It is just like Satoshi said: Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.

Even if you destroyed your bitcoin in the other hand, you still lost your bitcoin. You wouldn't do that because that is your money you hard work for that and you only destroyed it? So ridiculous. HHAHAHAH

[Lauda]

if all citizens, start destroying it, i'm sure the printing can't match the destruction, resulting in less scam fiat in circulation

Most fiat is generated through a decision of the central bank / commercial banks through fractional reserve lending.
Destroying fiat isn't going to help you. It is just going to transfer value from you to the system you hate.

While it is generally true that destroying money only makes you poorer and you wont achieve anything by doing so, maybe apart from showing people how loaded and eccentric you are.
But destroying bitcoin from the other hand has very good effect bitcoin's economy. It is just like Satoshi said: Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.

Indeed. We have no power over the current system. Anything that a individual does has no effect on the big picture. The corrupt system is in place and working.
I do wonder however how does one plan on making all citizens destroy their money? Why would anyone burn the paper that they use to buy food i.e. survive? Destroying fiat doesn't do anything.
Even though destroying Bitcoins might help the price, that doesn't mean that we should be destroying them.

[Dotakels]

if all citizens, start destroying it, i'm sure the printing can't match the destruction, resulting in less scam fiat in circulation

Most fiat is generated through a decision of the central bank / commercial banks through fractional reserve lending.
Destroying fiat isn't going to help you. It is just going to transfer value from you to the system you hate.

While it is generally true that destroying money only makes you poorer and you wont achieve anything by doing so, maybe apart from showing people how loaded and eccentric you are.
But destroying bitcoin from the other hand has very good effect bitcoin's economy. It is just like Satoshi said: Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.

Indeed. We have no power over the current system. Anything that a individual does has no effect on the big picture. The corrupt system is in place and working.
I do wonder however how does one plan on making all citizens destroy their money? Why would anyone burn the paper that they use to buy food i.e. survive? Destroying fiat doesn't do anything.
Even though destroying Bitcoins might help the price, that doesn't mean that we should be destroying them.

All we can do to is to buy a btc. or sell as we can. So that the price of the btc wil; increase. Supply and price relationship. The more we sell the more increase of the price of btc.

[Amph]

if all citizens, start destroying it, i'm sure the printing can't match the destruction, resulting in less scam fiat in circulation

Most fiat is generated through a decision of the central bank / commercial banks through fractional reserve lending.
Destroying fiat isn't going to help you. It is just going to transfer value from you to the system you hate.

While it is generally true that destroying money only makes you poorer and you wont achieve anything by doing so, maybe apart from showing people how loaded and eccentric you are.
But destroying bitcoin from the other hand has very good effect bitcoin's economy. It is just like Satoshi said: Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.

it is the same actually, if you destroy your own money, does not matter if it is bitcoin or fiat, if you destroy your fiat you will get poorer, and if you destroy your bitcoin you will get poorer as well, the ony difference is that with the latter, you will enrich others

[btc_enigma]

What a waste of bitcoin. Send me instead , I will keep it for you while the price goes up

[BTCevo]

What's the point of destroying it? I think its just make the bitcoin become rare and then people will start to find it again and again plus the price when will be higher than before. It is just a natural law so better keep it rather than destroying it

[Bubbsandbubbs3]

Since the bitcoinprice decreased a lot last year I would like to destroy some bitcoins.
Destroying some bitcoins can have a serious positive impact on the price
If every human being could destroy 0.001 BTC we would half the amount of bitcoins in circulation, increasing the price of bitcoin in compare to other currencies.
But every satoshi could help a bit... This is the best way to support bitcoin

The private key of this wallet is lost (on purpose) and those bitcoins will never be able to get out of this wallet (or heaven?   )
1BitcoinEaterAddressDontSendf59kuE
please don't send any more bitcoins to the address posted here before)

People who helped destroy bitcoins to raise the btc-price:
leen93 : 10.000 satoshis



FIRST GOAL TO REACH : 100.000 satoshi

I admire the initiative and have considered this myself, but you are not going to raise the price significantly unless you have a couple thousand people.

[1Referee]

Only dumb people destroy capital. It just doesn't make sense to burn your money while you paid or did a lot effort just to get it.

[Natalia_AnatolioPAMM]

Only dumb people destroy capital. It just doesn't make sense to burn your money while you paid or did a lot effort just to get it.

sure. 100% agreed!  burning money ,thats stupid

[unholycactus]

I suppose it's a good thing that this can't possibly be illegal to do as opposed to destroying fiat.

[Gyfts]

This is so counter productive. What you're doing here is wasting money. There is absolutely no way you could get enough Bitcoin to destroy that would have a notable affect on the price.

[leen93]

This is so counter productive. What you're doing here is wasting money. There is absolutely no way you could get enough Bitcoin to destroy that would have a notable affect on the price.

if enough people would be doing it it would but seems not. Due to the large amount of useless spam posts I'll close this topic but feel free to keep destroying your bitcoins.