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mb300sd
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Drunk Posts
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November 25, 2013, 02:39:25 AM |
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I am perfectly happy to sell mining contracts to your address on eliguis, for a 10% premium. Have 2x avalon, full bitfury, and many usb miners.
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1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
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CobaltBlueD
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November 25, 2013, 04:13:15 AM |
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It seems to me there are additional benefits to be had with 'virgin' coin. Were you to do this, it would be completely untraceable. A paper wallet you had never touched. Random 'clean' coins sent to it. Handy in case of emergency, eh?
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digitizedcurrency2010
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September 26, 2014, 05:18:34 AM |
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I am perfectly happy to sell mining contracts to your address on eliguis, for a 10% premium. Have 2x avalon, full bitfury, and many usb miners.
Any one interested in selling virgin coins ? |
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bornil267645
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September 26, 2014, 08:33:53 AM |
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Does it mean it can never be f***ed...up???B-)
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BitCoinNutJob
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September 26, 2014, 09:11:41 AM |
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Here was me thinking Richard Branson was launching an alt coin for a quick pump and dump max keiser style  |
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JWU42
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September 27, 2014, 12:55:02 AM |
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Sadly now barely $20K  |
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jamesg (OP)
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AKA: gigavps
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September 27, 2014, 01:04:11 AM |
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Sadly now barely $20K Get them while they are cheap...  |
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keithers
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This is the land of wolves now & you're not a wolf
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September 27, 2014, 01:09:58 AM |
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Hello Bitcoin Community, I would like to discuss the topic of "virgin" bitcoins. Specifically, I would like to discuss the possibilities of being able to purchase a private key to coins mined directly to paper wallets. - Is this a niche market that only a few zealots would be interested in or this is more appealing to a broad range of Bitcoiners?
- What kind of premium, if any, could be associated with virgin coins?
- Would you consider a service that sells virgin coins for non-virgin bitcoins a laundering service?
- Is a service like this appealing for payment via meat space methods including wire and cash?
I've always found this topic to be interesting and I look forward to your responses. Best, James I think as time progresses, this idea may get more and more merit. This would only be pertinent to a small niche of people. I would say that 75% or more of the people in BTC only care about the price, because they want the $500 they invested to be worth $10,000 or more. I think "virgin" coins as you call them would be exceptionally cool once all the coins have been mined... |
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rackcityb1
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September 27, 2014, 02:39:46 AM |
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Sadly now barely $20K Get them while they are cheap... I think this would be incredibly risky. The seller of the directly mined bitcoin could easily sell the private keys twice (or more) or they could sign and broadcast a TX out of the address at a later time, and there would be nothing the buyer could do about it because of how difficult it is to determine where a TX came from. A possible alternative would be to sell bitcoin whose inputs are from the block subsidies for a presidium (you would actually send the bitcoin to an address that the buyer controls). My concern about doing this however is that it would put the fungibility of bitcoin into question. |
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CryptoCarmen
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★Bitin.io★ - Instant Exchange
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September 27, 2014, 12:00:23 PM |
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Sadly now barely $20K Get them while they are cheap... I think this would be incredibly risky. The seller of the directly mined bitcoin could easily sell the private keys twice (or more) or they could sign and broadcast a TX out of the address at a later time, and there would be nothing the buyer could do about it because of how difficult it is to determine where a TX came from. A possible alternative would be to sell bitcoin whose inputs are from the block subsidies for a presidium (you would actually send the bitcoin to an address that the buyer controls). My concern about doing this however is that it would put the fungibility of bitcoin into question. That is a good businesses to sell one thing twice. |
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JWU42
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September 27, 2014, 09:01:58 PM |
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A virgin 50BTC block is rather cool -- but as you say trusting the seller to discard the privkey (securely) is paramount.
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a447513372
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DLISK - Next Generation Coin
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September 28, 2014, 01:37:44 AM |
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A virgin 50BTC block is rather cool -- but as you say trusting the seller to discard the privkey (securely) is paramount.
IMO it would be impossible to know for sure that the seller actually disregarded the private key. Not only that but if the coins are moved to an address that you do not control without you signing a TX to move them, you really do not know if it was the seller moving them, if your private keys were somehow compromised or if there was a "collision" (although this is extremely unlikely). |
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jamesg (OP)
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September 28, 2014, 09:36:09 AM |
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IMO it would be impossible to know for sure that the seller actually disregarded the private key. Not only that but if the coins are moved to an address that you do not control without you signing a TX to move them, you really do not know if it was the seller moving them, if your private keys were somehow compromised or if there was a "collision" (although this is extremely unlikely).
It is no different than owning Casascius coins. You had to trust that Casascius didn't keep all of the private keys on the holograms. He was very up front and transparent which lent a lot of credibility. |
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Soros Shorts
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September 28, 2014, 09:54:22 AM |
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A virgin 50BTC block is rather cool -- but as you say trusting the seller to discard the privkey (securely) is paramount.
Well they certainly don't make them anymore. Should be worth more than 2 x 25BTC blocks. |
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GTA
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September 28, 2014, 03:09:44 PM |
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You can't trust that, for a premium, mine your own
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bambino
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September 28, 2014, 04:10:04 PM |
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Are you trying to buy or to sell? Buying a private key doesn't sound like a great idea. Can't the miner send coins to your own address?
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Robin_Good
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September 28, 2014, 04:43:23 PM |
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All bitcoins have the same value. They don't become more valuable just because they're 'fresh'.
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jamesg (OP)
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September 28, 2014, 04:55:35 PM |
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All bitcoins have the same value. They don't become more valuable just because they're 'fresh'.
That might be the case today. The question you need to ask is whether bitcoin will continue to be completely fungible. |
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QuestionAuthority
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You lead and I'll watch you walk away.
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September 28, 2014, 05:15:12 PM |
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All bitcoins have the same value. They don't become more valuable just because they're 'fresh'.
That might be the case today. The question you need to ask is whether bitcoin will continue to be completely fungible. If it does not remain completely fungible then it's useless as a currency just as dollars would be. I would no longer use dollars if I had to stand at a store cashier line and check each bill against a ledger before accepting it. |
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