Bitcoin Forum
May 11, 2024, 07:38:14 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Bitcoin Forum > Bitcoin > Bitcoin Discussion > Perceived Value
Pages: [1]
« previous topic next topic »
  Print  
Author Topic: Perceived Value  (Read 1003 times)
Quip (OP)
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
February 20, 2011, 09:11:45 PM
 #1
Much in the same way that a shiny penny is "worth" more than a corroded one, would you prefer freshly-generated bitcoins?
1715413094
Hero Member
*
Offline Offline

Posts: 1715413094

View Profile Personal Message (Offline)

Ignore
1715413094
1715413094
Reply with quote  #2
1715413094
Report to moderator
1715413094
Hero Member
*
Offline Offline

Posts: 1715413094

View Profile Personal Message (Offline)

Ignore
1715413094
1715413094
Reply with quote  #2
1715413094
Report to moderator
Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715413094
Hero Member
*
Offline Offline

Posts: 1715413094

View Profile Personal Message (Offline)

Ignore
1715413094
1715413094
Reply with quote  #2
1715413094
Report to moderator
1715413094
Hero Member
*
Offline Offline

Posts: 1715413094

View Profile Personal Message (Offline)

Ignore
1715413094
1715413094
Reply with quote  #2
1715413094
Report to moderator
1715413094
Hero Member
*
Offline Offline

Posts: 1715413094

View Profile Personal Message (Offline)

Ignore
1715413094
1715413094
Reply with quote  #2
1715413094
Report to moderator
FreeMoney
Legendary
*
Offline Offline

Activity: 1246
Merit: 1014


Strength in numbers


View Profile WWW
February 20, 2011, 09:42:26 PM
 #2
No.

Oddly a deeper coin does seem more valuable since it is harder to rewrite the relevant block, but if you send a coin it's in a brand new block so this benefit is nontransferable.
Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
hippich
Hero Member
*****
Offline Offline

Activity: 546
Merit: 500


View Profile
February 20, 2011, 09:59:26 PM
 #3
There is no coins. There are records, which declare how much "coins" is assigned to which address. So there is no new or old coins but there is new or old blocks containing transactions of these "coins". Probably, coins assigned to block generated a while ago is more trustworthy then the one generated 10 mins ago just because you have more confirmations for older transaction. But currently you can't select which coins to send, so it do not matter anyway =)
E-Peso Initiative | Gov't-backed | Free Distribution | Test Case
Pages: [1]
  Print  
Bitcoin Forum > Bitcoin > Bitcoin Discussion > Perceived Value
 « previous topic next topic »
 
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!