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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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gogxmagog
Legendary
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Activity: 1456
Merit: 1009
Ad maiora!
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May 10, 2013, 09:23:10 PM |
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how is he "crazy"?
besides giving quite a clear and informative report on the jalapeno miner, he manages to make the article self-deprecatingly humorous and entertaining to read. I'm not sure what you expect from an internationally known technology magazine, but I think he did an ok job. Of course, if you have a massive hate on for BFL then you are going to be hating quite a lot of news when they begin to ship in earnest, which looks like is starting to happen.
just tell me you DON'T work in the mental health field, please. This would not really surprise me, but worries me just the same.
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Ogig
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May 10, 2013, 09:50:19 PM |
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how is he "crazy"?
[...]
He decides destroying the mined bitcoins is "the most obvious answer" to what to do with them. In my book that's burning money. |
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jimbursch
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May 10, 2013, 10:34:23 PM |
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If their experiment brings more attention and users to bitcoin, more power to them. It is, however, a sorry waste that they are just destroying the bitcoin when it can feed some hungry people: https://www.smore.com/t3y6 |
MyMindshare -- a commercial messaging system -- check it out at *Link Removed*
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CasinoBit
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May 11, 2013, 12:19:08 AM |
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Destroying coins makes all the other coins worth more so really you should be thanking him.
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marcus_of_augustus
Legendary
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Activity: 3920
Merit: 2348
Eadem mutata resurgo
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May 11, 2013, 12:20:02 AM
Last edit: May 11, 2013, 03:05:54 AM by marcus_of_augustus |
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Being a journalist he's probably lying and has actually kept a copy of the private key somewhere and he can move the funds secretly later when all the hub-bub has gone away ... and there is no way to prove or disprove if he has destroyed the private key so he's safe. If he has destroyed the key he has just made all bitcoins more valuable so he can't win if he decides to play ... thanks (but I don't believe him). PS: the most anti-bitcoin thing he could have done is sold them for fiat .... locking them away forever is radically pro-bitcoin  |
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bit777
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May 11, 2013, 12:29:32 AM |
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It looks like a paid campaign of the hardware manufacturer  |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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May 11, 2013, 12:30:01 AM |
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Destroying coins makes all the other coins worth more so really you should be thanking him.
hes destroying coins?? re reads But in the end, the answer was obvious. The world’s most popular digital currency really is nothing more than an abstraction. So we’re destroying the private key used by our Bitcon wallet. That leaves our growing pile of Bitcoin lucre locked away in a digital vault for all eternity — or at least until someone cracks the SHA-256 encryption that secures it. hmmmm well thats stupid... funny choice of words... tho " destroying " and not " destroyed", i bet they wont be able to bring themselves to do it  |
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navidos (OP)
Member
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Activity: 101
Merit: 10
Life Goes On !
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May 11, 2013, 01:44:07 AM |
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Yeah , it cause more worth for all remained coins .
But anyway writing such stupid No specialization article is like to beat the air .
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Uchmanpj
Newbie
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Activity: 36
Merit: 0
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May 11, 2013, 01:50:44 AM |
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Being a journalist he's probably lying and has actually kept a copy of the private key somewhere and he can move the funds secretly later when all the hub-bub has gone away ... and there is no way to prove or disprove if he has destroyed the private key so he's safe.
If he has destroyed the key he has just made all bitcoins more valuable so he can't win if he decides to play ... thanks (but I don't believe him).
Can't he just send the coins to another address and we can watch that transaction and address til the end of time? Either way, charity makes more sense to me... |
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Stringer Bell
Member
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Activity: 107
Merit: 11
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May 11, 2013, 02:55:11 AM |
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Being a journalist he's probably lying and has actually kept a copy of the private key somewhere and he can move the funds secretly later when all the hub-bub has gone away ... and there is no way to prove or disprove if he has destroyed the private key so he's safe.
If he has destroyed the key he has just made all bitcoins more valuable so he can't win if he decides to play ... thanks (but I don't believe him).
Exactly.. |
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