Collectible Bitcoins? | Bitcointalksearch.org

Joseph Slaughter

newbie

Activity: 7

Merit: 0

Quote from: kaito on December 10, 2013, 10:27:16 AM

Quote from: jongameson on December 10, 2013, 10:14:22 AM

Are some bitcoins worth more than others (i.e. the genesis block)?

Hm nope, not really. They're completely fungible.
I suppose the older the better though. Theoretically less likely to get forked/orphaned in an attack.

Not if you send them to someone else, they would only be more secure if you never "sell" them.

kaito

full member

Activity: 168

Merit: 100

Quote from: jongameson on December 10, 2013, 10:14:22 AM

Are some bitcoins worth more than others (i.e. the genesis block)?

Hm nope, not really. They're completely fungible.
I suppose the older the better though. Theoretically less likely to get forked/orphaned in an attack.

Joseph Slaughter

newbie

Activity: 7

Merit: 0

Quote from: jongameson on December 10, 2013, 10:14:22 AM

Are some bitcoins worth more than others (i.e. the genesis block)?

The genesis block cannot be spent.

https://en.bitcoin.it/wiki/Genesis_block

Remember that bitcoins are not atomic units and are simply numbers. An address will express a balance of perhaps ("5 bitcoin") and then if you send 1 bitcoin to Dave, and then Dave sends 10 (Your 1 + his 9) to Fred and then Fred sends 1 back to you, that 1 contains via taint analysis a fraction of your original bitcoin but that is all, they dilute because they are stored as a number not as individual units.

I hope that helps.

jongameson

member

Activity: 84

Merit: 10

Are some bitcoins worth more than others (i.e. the genesis block)?

Topic: Collectible Bitcoins? (Read 407 times)