Destroying bitcoin, by coin, by coin...

[stillmatic07]

This isn't a half bad idea. VIVA LA BITCOIN!

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[SgtSpike]

On that note... I'll destroy 1 BTC for every 1 BTC donated to me!  GO!

[RandyFolds]

You could just devalue the currency by donating to this guy bitcoinscam.webs.com

I like that guy...he just seemed...honest.

[deepceleron]

So, we destroy every coin we mine.

Bitcoins can never be destroyed, the blockchain knows they are yours and will not forget. Like an omniscient overlord, the bitcoin network will be passing around blocks containing records of your bitcoin earnings long after you are dead. You can only choose to spend them or not. Your wallet only allows you to send them to someone else. They will be looming over you like a spectre of guilt, robbing you of your life essence, until you are destitute from your new obsession - sleeping in a cardboard box outside the loading bay of your former employer, hoping that you can get a tossed out hard drive to recover a wallet from, but alas, you will find no relief from your self-inflicted burden.

[Rob P.]

You could just devalue the currency by donating to this guy bitcoinscam.webs.com

I like that guy...he just seemed...honest.

Not a very effective scam: 
http://blockexplorer.com/address/1Acg2GCjC76ni2S3QcDaYo7NTYNm5JdwKb

[lomax]

IT not the sharpest tools in the shed, who would have thought?

[TiagoTiago]

If you got enough processing power for the coins you destroy to make any difference, there are plenty other things you could be doing instead of destroying them that would be way more effective (though i still wouldn't expect you to be able to make much more than a tiny ripple in the ocean)

[Dansker]

This turned out to be a great Idea!

No regrets, right guys?

[Phinnaeus Gage]

I am an IT specialist at a medium sized european insurance company. Not in the large datacenters or anything, just a smallish dependance. We're with only two people in my department and we work together so basically we can do with the computers at our disposal what we want.
Including installing and running bitcoin miners

Good for you! You might think. Nice bitcoins for us, ready to spend or trade on an exchange or whatever and it doesn't cost us anything! Other than a few lost hours reading into bitcoin and then registering for a pool and setting up some miners.
But. We're not in this for the money. The ideal is what matters to us, the idea behind bitcoin, the potential it has and what it could same day become. The problem is, we don't believe in that. We both feel bitcoin is an incredibly silly idea, a waste of resources (spare me the irony, we're aware of it) and a concept that is doomed to fail.

So, we destroy every coin we mine. It's amazing how much effort it takes PC's to create a bitcoin yet how easily they can be destroyed. It litterally takes us no more than a minute every week. Delete the wallet.dat and create a fresh one and another 5 coins or so are gone forever

Miner is running on 12 PC's at the moment, total hashing power close to 700 Mhash. Next week it's time roll it out on the other 40 machines.

Of course you can join our quest and start deleting your wallets from today and help us get rid of bitcoin. Coin by coin by coin by coin!

I reclaim barn wood for a living, and recently have found myself making way more money than I'll ever need, so I've decided to burn the rest. I convert all the large bills into singles, thus allowing myself the enjoyment of watching the fire burn longer.

You can join in my quest of ridding the world of fiat dollars starting today. Simply burn your cash bill by bill by bill! 

[Raoul Duke]

This turned out to be a great Idea!

No regrets, right guys?

Holly thread necro!

[LittleDigger]

I am an IT specialist at a medium sized european insurance company. Not in the large datacenters or anything, just a smallish dependance. We're with only two people in my department and we work together so basically we can do with the computers at our disposal what we want.
Including installing and running bitcoin miners

Good for you! You might think. Nice bitcoins for us, ready to spend or trade on an exchange or whatever and it doesn't cost us anything! Other than a few lost hours reading into bitcoin and then registering for a pool and setting up some miners.
But. We're not in this for the money. The ideal is what matters to us, the idea behind bitcoin, the potential it has and what it could same day become. The problem is, we don't believe in that. We both feel bitcoin is an incredibly silly idea, a waste of resources (spare me the irony, we're aware of it) and a concept that is doomed to fail.

So, we destroy every coin we mine. It's amazing how much effort it takes PC's to create a bitcoin yet how easily they can be destroyed. It litterally takes us no more than a minute every week. Delete the wallet.dat and create a fresh one and another 5 coins or so are gone forever

Miner is running on 12 PC's at the moment, total hashing power close to 700 Mhash. Next week it's time roll it out on the other 40 machines.

Of course you can join our quest and start deleting your wallets from today and help us get rid of bitcoin. Coin by coin by coin by coin!

Whoa a whole 700Mhash.. over twelve boxes.. OMG! the hashing power of a 5970.. which would produce 2.8, not 5 BTC a week... looks like we have an "IT specialist" who doesn't know what a VLIW instruction set is.. or basic math.. Kid, it's going to take you about 144000 years to destroy bitcoin .. If everything stays exactly as it is now..In that time you might finish puberty, move from mommy's basement and get laid.. maybe the same sex and a different species but laid nonetheless.. .. buy a cardboard box under a bridge.. squeeze of a few little trolls. Bring 'em up to hate all that is bitcoin .. and die knowing that the dreaded bitcoin is still rolling round in cyberspace...

Seriously dude, Thanks for the laugh.. Its been a long day and I needed it....

[Anillos]

Of course you can join our quest and start deleting your wallets from today and help us get rid of bitcoin. Coin by coin by coin by coin!

If You give me 3000€, I will join the idea.

[Dansker]

I am an IT specialist at a medium sized european insurance company. Not in the large datacenters or anything, just a smallish dependance. We're with only two people in my department and we work together so basically we can do with the computers at our disposal what we want.
Including installing and running bitcoin miners

Good for you! You might think. Nice bitcoins for us, ready to spend or trade on an exchange or whatever and it doesn't cost us anything! Other than a few lost hours reading into bitcoin and then registering for a pool and setting up some miners.
But. We're not in this for the money. The ideal is what matters to us, the idea behind bitcoin, the potential it has and what it could same day become. The problem is, we don't believe in that. We both feel bitcoin is an incredibly silly idea, a waste of resources (spare me the irony, we're aware of it) and a concept that is doomed to fail.

So, we destroy every coin we mine. It's amazing how much effort it takes PC's to create a bitcoin yet how easily they can be destroyed. It litterally takes us no more than a minute every week. Delete the wallet.dat and create a fresh one and another 5 coins or so are gone forever

Miner is running on 12 PC's at the moment, total hashing power close to 700 Mhash. Next week it's time roll it out on the other 40 machines.

Of course you can join our quest and start deleting your wallets from today and help us get rid of bitcoin. Coin by coin by coin by coin!

Whoa a whole 700Mhash.. over twelve boxes.. OMG! the hashing power of a 5970.. which would produce 2.8, not 5 BTC a week... looks like we have an "IT specialist" who doesn't know what a VLIW instruction set is.. or basic math..

It also looks like we have someone who's not keen on reading dates..

[zhitgeist]

Successful troll is successful. Sparked 6 pages of conversation. As it was previously mentioned, the OP can't run 12 computers nonstop without people noticing the increased cost of electricity. Imagine if he tried to do that with euros or dollars. "Every month I burn my paycheck because I hate dollars. Soon dollars will be gone." It's not even that. "Every month I WASTE my employers money for a frivolous crusade against some online currency." Not only would the OP be stupid, he'd be mentally deranged and be fired instantly if his employer found out.

[Randy]

Now this sounds like a succesful troll attempt. I doubt there's anyone on the world who would willingful dedicate some of his time to create money and then destroy it.

[schnell]

Awh, Thanks!

[Ragnar17]

Keep up the good work raising bitcoin value.

[GernMiester]

Cool, so iin something like the year 13000, yeah 13000, you will have destroyed all the bitcoins. GO MAN GO.
trolling jackasses

[Vorksholk]

That simply divides the bitcoins up into smaller portions. Every bitcoin that is lost, is gone for good and simply reduces the amount of bitcoins there will ever be.

If you make all other BTC worth more and they are divided up into smaller pieces, the net result is no change long-term. You're not hurting anything. You're only helping us out in the short-term.

Ok. Have 10 people and 10 pies. We give everyone a pie.
Now 8 pies get lost. Some get eaten, one pie was encrypted and the key got lost, another one's fridge was hacked and his pie deleted, a pie was dropped on the floor, etc etc.

We divide  every remaining pie into 10 pieces. One guy didn't lose his pie, he gets to keep all 10 pieces. The other 10 pieces are divided evenly over the other 9 people and piece gets destroyed by me, just cos I can. And pie makes me fat.
We have 10 times as many "items of pie". We performed a digit shift on the pie basically... Yet now one guy has half of all items of pie available, while he only had 1/10 earlier.
Still think shifting the digit will solve bitcoins getting lost?

That reminds me, someone should sell pie for bitcoins if they don't already...

[Phinnaeus Gage]

This sure is a lot of "thread" for commenting on the OP by an actor who was only on this forum for exactly one hour, not to be heard from again. Hell, Nikki the Bitch had a longer tenure till theymos took her down and extended my vacation.

~Bruno~