unclemantis (OP)
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July 23, 2012, 02:46:11 AM |
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Thoughts? If so how would one catalog a particular coin, or is it even possible to do so since a new coin or collection of satoshis are generated upon spent.
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kmsalex
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Learn as you go...
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July 23, 2012, 02:48:55 AM |
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If people did get into this... it maybe be classified as the nerdiest past time ever.
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bg002h
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July 23, 2012, 02:51:33 AM |
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Casascius.com
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unclemantis (OP)
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July 23, 2012, 03:21:23 AM |
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If people did get into this... it maybe be classified as the nerdiest past time ever.
I am the weirdo of the clan. I am talking in DIGITAL form. Would we be collecting the private keys associated with a single group of payments? Physical COINS don't count since they are still just a single transaction assigned to a brain wallet with a short private key code.
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jimbobway
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July 23, 2012, 03:32:54 AM |
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Untainted coins a probably worth a little more. Virgin coins fresh from mining are worth more.
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unclemantis (OP)
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July 23, 2012, 03:37:06 AM |
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Untainted coins a probably worth a little more. Virgin coins fresh from mining are worth more.
In order to have a mint coin you need to have been a miner that solved the block. Would all 50 coins need to be sold in order for them to stay in tact to the next owner? I am guessing 50 coins is worth a lot more than 49.99999999 coins?
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unclemantis (OP)
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July 23, 2012, 04:30:28 AM |
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unclemantis (OP)
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July 23, 2012, 04:40:59 AM |
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julz
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July 23, 2012, 05:27:44 AM |
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Untainted coins a probably worth a little more. Virgin coins fresh from mining are worth more.
In order to have a mint coin you need to have been a miner that solved the block. Would all 50 coins need to be sold in order for them to stay in tact to the next owner? I am guessing 50 coins is worth a lot more than 49.99999999 coins? I long ago spent/sold/mixed my few 50-coin blocks unfortunately Apparently though - the Eligius pool pays out in a special transaction type so that you can get fractional 'virginal' coins. I don't really understand how that works - but in the armory client at least, the eligius payouts show up with a 'pick' icon to indicate this.
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@electricwings BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
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unclemantis (OP)
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July 23, 2012, 05:59:36 AM |
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Untainted coins a probably worth a little more. Virgin coins fresh from mining are worth more.
In order to have a mint coin you need to have been a miner that solved the block. Would all 50 coins need to be sold in order for them to stay in tact to the next owner? I am guessing 50 coins is worth a lot more than 49.99999999 coins? I long ago spent/sold/mixed my few 50-coin blocks unfortunately Apparently though - the Eligius pool pays out in a special transaction type so that you can get fractional 'virginal' coins. I don't really understand how that works - but in the armory client at least, the eligius payouts show up with a 'pick' icon to indicate this. Interesting. I bet when the network reaches capacity any virgin coins unspent will be worth more and more value to a collector. I am thinking decades ahead. I know
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Foxpup
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July 23, 2012, 07:09:10 AM |
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Apparently though - the Eligius pool pays out in a special transaction type so that you can get fractional 'virginal' coins. I don't really understand how that works - but in the armory client at least, the eligius payouts show up with a 'pick' icon to indicate this.
There's nothing special about it: a coinbase transaction can have an arbitrary number of outputs, just like any other transaction, as long as the sum of all outputs is less than or equal to 50BTC + transaction fees. There is no requirement for the entire block reward to go to exactly one address.
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Will pretend to do unspeakable things (while actually eating a taco) for bitcoins: 1K6d1EviQKX3SVKjPYmJGyWBb1avbmCFM4I am not on the scammers' paradise known as Telegram! Do not believe anyone claiming to be me off-forum without a signed message from the above address! Accept no excuses and make no exceptions!
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Stephen Gornick
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July 23, 2012, 07:50:07 AM |
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I bet when the network reaches capacity any virgin coins unspent will be worth more and more value to a collector.
Not really, because they cannot be transferred and remain valuable. If you simply hand over the private key the collector might not trust that you won't spend the coins. If you make a transfer, that changes the coin from uncirculated to almost uncirculated, night and day difference. :-)
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Phinnaeus Gage
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July 23, 2012, 08:03:42 AM Last edit: July 23, 2012, 08:18:05 AM by Phinnaeus Gage |
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I bet when the network reaches capacity any virgin coins unspent will be worth more and more value to a collector.
Not really, because they cannot be transferred and remain valuable. If you simply hand over the private key the collector might not trust that you won't spend the coins. If you make a transfer, that changes the coin from uncirculated to almost uncirculated, night and day difference. :-) Unless the classification of UC 0 --> UC 1 retains its collector value. Same would be true for UC 1 --> UC 2 --> UC 3 --> UC 4 iff said collector coins have not been used for any other purpose(s)--only collector to collector. Also mint coins: M 0 --> M 1Then you have the taint coins: T(MBC) 0 --> T(MBC) 1The greatest taint set one could own now would be the BHT (Bicoinica Hat Trick): T(B1) 1, T(B2) 1 and T(B3) 1T(MG) 1 would be a nice coin to own. Rating the purity of tainted coins may look like this: T(87) 1 or T(92) 2~Bruno~ EDIT: The only problem I see is when the book comes out, there won't be many pictures in it. Just plain looking charts and price guides.
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CoinCidental
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Si vis pacem, para bellum
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July 23, 2012, 08:07:38 AM |
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the first coin ever minted and the last coin ever minted would have some sentimental value for many
especially if it was never used etc
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phelix
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July 23, 2012, 08:20:01 AM |
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the first coin ever minted and the last coin ever minted would have some sentimental value for many
especially if it was never used etc
the coins from the genesis block were destroyed
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Stephen Gornick
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July 23, 2012, 08:24:49 AM |
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the first coin ever minted and the last coin ever minted would have some sentimental value for many
especially if it was never used etc
the coins from the genesis block were destroyed They are unspendable by the current client. Presuming Satoshi still has the private key, this could be fixed along with other changes in a hard fork change
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unclemantis (OP)
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July 23, 2012, 08:44:06 AM |
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I bet when the network reaches capacity any virgin coins unspent will be worth more and more value to a collector.
Not really, because they cannot be transferred and remain valuable. If you simply hand over the private key the collector might not trust that you won't spend the coins. If you make a transfer, that changes the coin from uncirculated to almost uncirculated, night and day difference. :-) Unless the classification of UC 0 --> UC 1 retains its collector value. Same would be true for UC 1 --> UC 2 --> UC 3 --> UC 4 iff said collector coins have not been used for any other purpose(s)--only collector to collector. Also mint coins: M 0 --> M 1Then you have the taint coins: T(MBC) 0 --> T(MBC) 1The greatest taint set one could own now would be the BHT (Bicoinica Hat Trick): T(B1) 1, T(B2) 1 and T(B3) 1T(MG) 1 would be a nice coin to own. Rating the purity of tainted coins may look like this: T(87) 1 or T(92) 2~Bruno~ EDIT: The only problem I see is when the book comes out, there won't be many pictures in it. Just plain looking charts and price guides. I sent you a PM. This could get interesting.
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Phinnaeus Gage
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July 23, 2012, 08:50:35 AM |
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I sent you a PM. This could get interesting. Going to read it in a sec. The only problem I see is when the book comes out, there won't be many pictures in it. Just plain looking charts and price guides. But we can snazzy up the cover.
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Phinnaeus Gage
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July 23, 2012, 09:21:24 AM |
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Brainstormin': Coins from notables could be worth more than face value too. Or, better yet, notables can sell coins for a premium as collector items, with the overage going to charity. The notable won't even have to have the coins in his/her possession. They'll just act as the liaison. For an example, a fan of Justin Bieber buys a bitcoin at twice the current going rate, with 50% of the sale going to Cure Duchenn. The fan then would have bragging rights and helped a cause. He couldn't do that with a ten dollar bill. It wouldn't be practical. But with Bitcoin, it's possible. And every coin could be signed. (To Becky Spalain, from Justin Bieber. blah, blah, blah) On a quick side note (maybe not), this is an interesting site I just found--celebrities + charities: http://www.looktothestars.org/charity~Bruno~
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