Topic: Collecting BTC equivalent to collecting Real Coins of Historic Value? - page 2. (Read 3679 times)

Here is a suggestion as to how one might be able to artificially create "collectable" coins (well addresses actually) that could have their BTC value (well most of it in order to preserve the address from being pruned I guess) transferred and yet allow the receiving address to become even more valuable.

How would such a thing be possible?

Step 1) Create a vanity address that starts with 12coo1 (for example).

Step 2) For a premium over an agreed amount then owner of the "original" l12coo1 address will send the agreed amount to yours (making sure a small amount is retained in the original address to prevent it later being pruned).

Although your 12coo1 address is not the original it could be now considered "cooler" as it was the first 12coo1 address to receive coins from the original 12coo1 address (of course verifiable via the blockchain).

So now another user generates a 12coo1 address and (for a premium of course) you send coins from your 12coo1 address to theirs. Now the 3rd persons coins can be considered even more valuable as they are the 3rd in an unbroken chain of "cool" transactions to unique "cool" addresses (tracing back to the original usage of a 12coo1 address).

 

(P.S. I really do own the first and so far only used 12coo1 address - added another 0.02 BTC to show it - so am now waiting for offers from other 12coo1 creators)

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~

Going to read it in a sec.


But we can snazzy up the cover.

I sent you a PM. This could get interesting.

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

the coins from the genesis block were destroyed

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

Unless the classification of UC⁰ --> UC¹ retains its collector value. Same would be true for UC¹ --> UC² --> UC³ --> UC⁴ iff said collector coins have not been used for any other purpose(s)--only collector to collector.

Also mint coins: M⁰ --> M¹

Then you have the taint coins: T(MBC)⁰ --> T(MBC)¹

The greatest taint set one could own now would be the BHT (Bicoinica Hat Trick): T(B1)¹, T(B2)¹ and T(B3)¹

T(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.

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.  :-)

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.

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

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.

http://www.blockchain.info/taint/1G9VoEc1X8PqYARbY7Wb8LxTBKLhndhCCt?reversed=true

Here is the reversed.

I followed an address to the next transaction to the next etc... all the way down to the last.


http://www.blockchain.info/taint/163NxLM5KvEDtL4E6p6KvpTmMCcdXYE72N

Looks like a pedigree and this BTC is a pure breed.

So I request the remaining balance or some of the remaining BTC from this guy http://www.blockchain.info/address/163NxLM5KvEDtL4E6p6KvpTmMCcdXYE72N

Then I will have a pure breed too.

And yes I am nuts

NO TAINT
http://www.blockchain.info/taint/1LqJ1YdxgkR5kRg2mjnqpdLCtAbXJue9BU

100% TAINT 1 Count
http://www.blockchain.info/taint/1G9VoEc1X8PqYARbY7Wb8LxTBKLhndhCCt

The higher the taint and less the count the more to MINT the BTC is?

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?

Untainted coins a probably worth a little more.  Virgin coins fresh from mining are worth more.

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.

Casascius.com

If people did get into this... it maybe be classified as the nerdiest past time ever.