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Author Topic: DestroyCoin  (Read 1519 times)
notme
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July 18, 2012, 03:25:38 PM
 #21

Would you use a crypto-currency backed by destroyed Bitcoins? You would send some Bitcoins to a specific blackhole at a certain time and the blockchain would credit you with 1 DestroyCoin.

Once all Bitcoins are destroyed, there would be a total of 21 million DestroyCoins.

Miners would be paid through transaction fees alone.



How do I know you don't have a key for this blackhole?
A public address can be made without generating a private key. In that case, it would be impossible to find the private key, ever.

It will be clearly likely a blackhole since it would contain a long word or phrase.

FTFY.  I still don't trust you.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
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illpoet
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July 18, 2012, 06:47:35 PM
 #22

ok so i ran over 2 bitcoins with my car.  now what do i get?

Tym's Get Rich Slow scheme: plse send .00001 to
btc: 1DKRaNUnMQkeby6Dk1d8e6fRczSrTEhd8p ltc: LV4Udu7x9aLs28MoMCzsvVGKJbSmrHESnt
thank you.
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