Bitcoin Burn, the Goldfinger strategy

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: Ibian on February 28, 2015, 03:26:17 PM

Quote from: podyx on February 26, 2015, 07:45:36 PM

Instead of throwing them away, wouldn't it possibly be better to have them sent to an address which goes to starving kids in africa or something? Roll Eyes

What have starving africans ever done for us?

Not much but eventually somebody will round up all Randroids put them in Somalia and turn it into green glass. Them watching the the suffering they've caused before a cataclysmic vaporisation might be the just thing to do.

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: podyx on February 26, 2015, 07:45:36 PM

Instead of throwing them away, wouldn't it possibly be better to have them sent to an address which goes to starving kids in africa or something? Roll Eyes

What have starving africans ever done for us?

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Quote from: podyx on February 26, 2015, 08:50:13 PM

Quote from: billyjoeallen on February 26, 2015, 08:32:05 PM

Quote from: podyx on February 26, 2015, 07:45:36 PM

Instead of throwing them away, wouldn't it possibly be better to have them sent to an address which goes to starving kids in africa or something? Roll Eyes

Distributing the value to current BTC holders is not throwing it away.

Well, I guess you can look at it that way but it won't make a big difference

I might get 0.005% richer out of your project so I guess I can't complain Grin

still I think it's silly to just carelessly throw it away just because the game rules says so..

You're NOT THROWING IT AWAY. The true measure of love is how much you are willing to sacrifice. You are communicating. It may be expensive but it's still cheaper than, say, skywriting.

podyx

legendary

Activity: 2338

Merit: 1035

Quote from: ajareselde on February 26, 2015, 07:56:10 PM

Quote from: podyx on February 26, 2015, 07:45:36 PM

Instead of throwing them away, wouldn't it possibly be better to have them sent to an address which goes to starving kids in africa or something? Roll Eyes

You might want to explore a bit on the subject on funding african poverty problems, long story short, many of the funds go into private pockets and not to those in need.
Like i allready said, its better to just use the money to promote further development of the idea.

cheers

Yes I'm aware of this. Probabably only around 5-10% actually go to funding and 90%-95%, as you say, into the pockets of some self-indulgent baller.

Which is part of why I think bitcoin is so revolutionazing. You can see where the money, that is donated, goes to.

This video is relevant https://www.youtube.com/watch?v=gC4j-V585Ug

podyx

legendary

Activity: 2338

Merit: 1035

Quote from: billyjoeallen on February 26, 2015, 08:32:05 PM

Quote from: podyx on February 26, 2015, 07:45:36 PM

Instead of throwing them away, wouldn't it possibly be better to have them sent to an address which goes to starving kids in africa or something? Roll Eyes

Distributing the value to current BTC holders is not throwing it away.

Well, I guess you can look at it that way but it won't make a big difference

I might get 0.005% richer out of your project so I guess I can't complain Grin

still I think it's silly to just carelessly throw it away just because the game rules says so..

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Quote from: podyx on February 26, 2015, 07:45:36 PM

Instead of throwing them away, wouldn't it possibly be better to have them sent to an address which goes to starving kids in africa or something? Roll Eyes

Distributing the value to current BTC holders is not throwing it away.

ajareselde

legendary

Activity: 1722

Merit: 1000

Satoshi is rolling in his grave. #bitcoin

Quote from: podyx on February 26, 2015, 07:45:36 PM

Instead of throwing them away, wouldn't it possibly be better to have them sent to an address which goes to starving kids in africa or something? Roll Eyes

You might want to explore a bit on the subject on funding african poverty problems, long story short, many of the funds go into private pockets and not to those in need.
Like i allready said, its better to just use the money to promote further development of the idea.

cheers

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: billyjoeallen on February 26, 2015, 06:11:28 PM

...
I think the general idea of game shows is convincing people to do something stupid so we can laugh at them.

B...bu...but Billyjoe, we already have Bitcointalk.

podyx

legendary

Activity: 2338

Merit: 1035

Instead of throwing them away, wouldn't it possibly be better to have them sent to an address which goes to starving kids in africa or something? Roll Eyes

PenguinFire

full member

Activity: 154

Merit: 100

That Darn Cat

I would watch this show.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: billyjoeallen on February 26, 2015, 06:11:28 PM

I think the general idea of game shows is convincing people to do something stupid so we can laugh at them.

You make a pretty good example.

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Quote from: ajareselde on February 26, 2015, 04:39:02 PM

Quote from: billyjoeallen on February 26, 2015, 03:51:31 AM

it's night and it's slow so I'm going way off topic. I have an idea for a game show called BITCOIN BURN and we could put it on youtube or...something. The idea is that you have contestants competing at....something and the viewing audience votes for the winner, who then gets a prize. but here's the catch:

You vote for your favorite contestant by sending bitcoins to an address with a lost key. Each contestant is assigned a different address and the one who gets the most money destroyed on their behalf wins the prize. Contestants can vote for themselves if they wish.
The idea of course is to prome bitcoin as a voting mechanism and to get as many bitcoins as possible lost forever, making OUR bitcoins more valuable.

So what I need is a good contest that's entertaining to watch, relatively inexpensive to produce, and wont get me sued or in prison. any ideas?

Ok the idea is ok to some point, but this "sending bitcoins to an address with a lost key" is bad. Why not just give each contentant assigned address and use the funds to promote next event?
would make more sence financialy, and "making OUR bitcoins more valuable. " .. well, it would make your bitcoins more valuable, but how much more 0,0000000001 % ?
The idea stands, if people find it interesting, they would watch and you would profit, and the contentants would get their share aswell.

cheers

I think the general idea of game shows is convincing people to do something stupid so we can laugh at them.

ajareselde

legendary

Activity: 1722

Merit: 1000

Satoshi is rolling in his grave. #bitcoin

Quote from: billyjoeallen on February 26, 2015, 03:51:31 AM

it's night and it's slow so I'm going way off topic. I have an idea for a game show called BITCOIN BURN and we could put it on youtube or...something. The idea is that you have contestants competing at....something and the viewing audience votes for the winner, who then gets a prize. but here's the catch:

You vote for your favorite contestant by sending bitcoins to an address with a lost key. Each contestant is assigned a different address and the one who gets the most money destroyed on their behalf wins the prize. Contestants can vote for themselves if they wish.
The idea of course is to prome bitcoin as a voting mechanism and to get as many bitcoins as possible lost forever, making OUR bitcoins more valuable.

So what I need is a good contest that's entertaining to watch, relatively inexpensive to produce, and wont get me sued or in prison. any ideas?

Ok the idea is ok to some point, but this "sending bitcoins to an address with a lost key" is bad. Why not just give each contentant assigned address and use the funds to promote next event?
would make more sence financialy, and "making OUR bitcoins more valuable. " .. well, it would make your bitcoins more valuable, but how much more 0,0000000001 % ?
The idea stands, if people find it interesting, they would watch and you would profit, and the contentants would get their share aswell.

cheers

FUR11

sr. member

Activity: 378

Merit: 250

FURring bitcoin up since 1762

Quote from: billyjoeallen on February 26, 2015, 03:46:47 PM

Quote from: FUR11 on February 26, 2015, 03:26:46 PM

Interesting idea... How would you distribute that show? I don't know whether television would be the best way. Maybe you should just go ahead and try to do it on Twitch. You know, the operator of TwitchPlaysPokemon receives a crap ton of donations!

never heard of Twitch. I'll have to look into it.

Oh you should. It's a place where people usually stream themselves playing games (they stream the game). With TwitchPlaysPokemon the people watching the stream were able to enter the inputs for the first Pokemon game (Red) on the gameboy. They're actually in the middle of their 1-year-TPP run, and re-play Pokemon red right now: http://www.twitch.tv/twitchplayspokemon

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Quote from: FUR11 on February 26, 2015, 03:26:46 PM

Interesting idea... How would you distribute that show? I don't know whether television would be the best way. Maybe you should just go ahead and try to do it on Twitch. You know, the operator of TwitchPlaysPokemon receives a crap ton of donations!

never heard of Twitch. I'll have to look into it.

FUR11

sr. member

Activity: 378

Merit: 250

FURring bitcoin up since 1762

Interesting idea... How would you distribute that show? I don't know whether television would be the best way. Maybe you should just go ahead and try to do it on Twitch. You know, the operator of TwitchPlaysPokemon receives a crap ton of donations!

RyNinDaCleM

legendary

Activity: 2408

Merit: 1009

Legen -wait for it- dary

Quote from: BitNerd on February 26, 2015, 06:42:35 AM

Quote from: billyjoeallen on February 26, 2015, 03:51:31 AM

You vote for your favorite contestant by sending bitcoins to an address with a lost key.

How can you prove no one has the key?

You can't! Just like you can't prove that that address will never be generated again and someone will receive a windfall and dump it on the market because, after all, it is free money.

IMO, This is a dumb idea. There are plenty of ~~dumb~~ less than savvy individuals to destroy Bitcoins without forcing it to happen faster.

BitNerd

full member

Activity: 131

Merit: 100

Quote from: billyjoeallen on February 26, 2015, 03:51:31 AM

You vote for your favorite contestant by sending bitcoins to an address with a lost key.

How can you prove no one has the key?

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Quote from: HarmonLi on February 26, 2015, 05:48:51 AM

Interesting idea!!! Back in economics classes I had a similar idea once... A destruction tax in order to combat inflation. A certain tax is being collected and all the income will be destroyed. That way the amount of money available gets lower.

But I like your idea a lot!!!

Thanks. I'm still working on it. Obviously there would need to be some kind of revenue streem to cover the cost of production. Sponsors?

HarmonLi

sr. member

Activity: 350

Merit: 250

Honest 80s business!

Interesting idea!!! Back in economics classes I had a similar idea once... A destruction tax in order to combat inflation. A certain tax is being collected and all the income will be destroyed. That way the amount of money available gets lower.

But I like your idea a lot!!!

Topic: Bitcoin Burn, the Goldfinger strategy (Read 2895 times)