DestroyCoin

[Dr. Glamorian]

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.

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[notme]

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?

[smoothie]

I cant help but notice the sunglasses in your avatar....just like RS/Notyep.....HMMM

[Matthew N. Wright]

Atlas, aren't you permabanned?

[Dr. Glamorian]

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 a blackhole since it would contain a long word or phrase.

[yogi]

A public address can be made without generating a private key. In that case, it would be impossible to find the private key, ever.

Not 'impossible' just impractical.

[organofcorti]

Miners would be paid through transaction fees alone.

Paid what?

[Dr. Glamorian]

Miners would be paid through transaction fees alone.

Paid what?

Paid DestroyCoins from the sender.

[organofcorti]

Miners would be paid through transaction fees alone.

Paid what?

Paid DestroyCoins from the sender.

How do you secure the DestroyCoin network?

I can see where this is headed, but I also like watching train crashes in movies so I'm enjoying playing this out.

[Dr. Glamorian]

Miners would be paid through transaction fees alone.

Paid what?

Paid DestroyCoins from the sender.

How do you secure the DestroyCoin network?

I can see where this is headed, but I also like watching train crashes in movies so I'm enjoying playing this out.

The DestroyCoin network will be secured in the same way the Bitcoin network will be after all Bitcoins are mined. Computing power will compete for the fees gained when a block is found.

[Tittiez]

What happens when all DestroyCoins are destroyed?

[organofcorti]

Miners would be paid through transaction fees alone.

Paid what?

Paid DestroyCoins from the sender.

How do you secure the DestroyCoin network?

I can see where this is headed, but I also like watching train crashes in movies so I'm enjoying playing this out.

The DestroyCoin network will be secured in the same way the Bitcoin network will be after all Bitcoins are mined. Computing power will compete for the fees gained when a block is found.

When a block of what is found?

[Dr. Glamorian]

What happens when all DestroyCoins are destroyed?

We retire it and continue to use DestroyCoin 2.

[Dr. Glamorian]

Miners would be paid through transaction fees alone.

Paid what?

Paid DestroyCoins from the sender.

How do you secure the DestroyCoin network?

I can see where this is headed, but I also like watching train crashes in movies so I'm enjoying playing this out.

The DestroyCoin network will be secured in the same way the Bitcoin network will be after all Bitcoins are mined. Computing power will compete for the fees gained when a block is found.

When a block of what is found?

It runs off the same blockchain system.

[organofcorti]

Miners would be paid through transaction fees alone.

Paid what?

Paid DestroyCoins from the sender.

How do you secure the DestroyCoin network?

I can see where this is headed, but I also like watching train crashes in movies so I'm enjoying playing this out.

The DestroyCoin network will be secured in the same way the Bitcoin network will be after all Bitcoins are mined. Computing power will compete for the fees gained when a block is found.

When a block of what is found?

It runs off the same blockchain system.

So you're proposing a bitcoin clone that as part of its start up will reward Bitcoin miners for increasing the value of remaining bitcoins . This is what you're proposing, yes? Destroying bitcoins is not the same as destroying Bitcoin.

[Bitcoin Oz]

So whats the point of this ?

[Matthew N. Wright]

So whats the point of this ?

Just more utterly pointless time-wasting Atlas mental masturbation. Anyway, he's already banned again.

[organofcorti]

Why stop now, just when I'm enjoying it? Damn Matthew, and damn Atlas' Matthew N. Wright - ophobia. Matthew, you just ruined all the fun and scared him off. Oh well. Have to wait until the next reincarnation of Atlas, like some kind of teenaged and semi ignorant Dr. Who without the cool toys.

[Matthew N. Wright]

Why stop now, just when I'm enjoying it? Damn Matthew, and damn Atlas' Matthew N. Wright - ophobia. Matthew, you just ruined all the fun and scared him off. Oh well. Have to wait until the next reincarnation of Atlas, like some kind of teenaged and semi ignorant Dr. Who without the cool toys.

If you want more Atlas drama, talk to Garr255 (http://cognitivemining.com/) who claims he's Dr. Glamorian and Atlas.

Code:

[5:38:40 PM] Garrett Ian MacDonald: So I see you've banned yet another one of my socks
[5:39:31 PM] Garrett Ian MacDonald: I already started coding DC. :/

[organofcorti]

No, I am SpartacAtlas!