You do understand, that 700 mhash is NOT that much?
That is like saying I am trying to ruin the USD because I throw pennies away.
You, my friend, are an idiot. You are wasting the resources of your "mid-level insurance company" with a TINY amount of hash power. You will lose your job once your superior figures out you are frying the company hardware for literally, fractions of pennies.
You do realize, there are single GPUs that get more then 700 Mhash, right?
Topic: Destroying bitcoin, by coin, by coin... - page 2. (Read 15743 times)
Well, there's always finding keys of lost addresses, posting the address and NOT the key and asking if it's still used. If not used, it goes to the one who found it. If used, inform the person to move them to a different address to prevent theft.
Then lost Bitcoins could actually come back. Of course, only addresses not used after a year would be able to be posted. Otherwise it would just post over and over. Could sort alphabetically or have a search feature.
Then lost Bitcoins could actually come back. Of course, only addresses not used after a year would be able to be posted. Otherwise it would just post over and over. Could sort alphabetically or have a search feature.
Well, I guess it's not selfless since he's stealing from the company to do it, but that doesn't mean he's not a hero. Like Robin Hood in a way. 
Hahaha, right! Coins are Gone steals from the rich (his employer) and gives to the poor (us humble bitcoin users). Sweet 
♥ 
You think Bitcoin is a silly idea. Therefore you participate in it and actively destroy bitcoins help the Bitcoin community.. 
Is that supposed to be any less silly, somehow?
Is that supposed to be any less silly, somehow?It's not silly at all. Far from it. As has been pointed out, his mining efforts efforts are providing additional security for the Bitcoin network, and by destroying the coins he is both declining to accept the reward normally offered to those who provide this important service and increasing the value of everyone else's coins. I normally wouldn't reply to a thread such as this, but I just feel obliged to thank Coins are Gone for his selfless generosity. Well, I guess it's not selfless since he's stealing from the company to do it, but that doesn't mean he's not a hero. Like Robin Hood in a way.
The whole concept is too geeky (and yes, we're geeks too, but still) to become ever widely adopted
Wait, is this a notion on Bitcoin in 2012, or on The Internet in 1992?
I can't help but fail to see the logical implication here:
Is that supposed to be any less silly, somehow?
Why not ignore Bitcoin altogether, and just have a laugh at the fools who fall for this obvious nonsense
The problem is, we don't believe in that. We both feel bitcoin is an incredibly silly idea, a waste of resources (spare me the irony, we're aware of it) and a concept that is doomed to fail.
So, we destroy every coin we mine.
You think Bitcoin is a silly idea. Therefore you participate in it and actively destroy bitcoins.. So, we destroy every coin we mine.
Is that supposed to be any less silly, somehow?Why not ignore Bitcoin altogether, and just have a laugh at the fools who fall for this obvious nonsense
I know we probably won't see the TS anymore, but just for the sake of argument:
Cash and pull out: ah, I see. How, exactly? If I have a million BTC, currently worth about 6.5 million US $, there's no practical way to actually get that $6.5M.
Anyway. Thank you sir, for some good comedy
- The deflatory nature of bitcoin is an inherent flaw making the principle useless
Ah, as opposed to the (hyper)inflation currently condoned by the US and European governments and banks, which is obviously a great success and has brought us nothing but wealth and growth, right?Quote
- Bitcoin is a speculative bubble, has no real value and will cause many people to lose the money they invested
I think you are confusing Bitcoin with Dollars. Or stock options. Or basically anything other than the actual products and services that we tend to buy with money.Quote
- The whole concept is too geeky (and yes, we're geeks too, but still) to become ever widely adopted
Wait, is this a notion on Bitcoin in 2012, or on The Internet in 1992?Quote
- It is a pyramid scheme and the only ones benefiting are the early adoptors and they will laugh at you when they cash and pull out
Early adopters benefit: sure. That's their reward for stepping in early even when Bitcoin was still insignificant.Cash and pull out: ah, I see. How, exactly? If I have a million BTC, currently worth about 6.5 million US $, there's no practical way to actually get that $6.5M.
Quote
- It's a botnet-hack waiting to happen
You mean infiltrating people's computers to steal their wallets, or to abuse their processing power to mine coins?Quote
- Instances like MtGox deciding to perform rollbacks show that the principle ideal was already raped
What rollbacks are you referring to, exactly? And how does that show that the Bitcoin concept itself is 'already raped'? Anyway. Thank you sir, for some good comedy
I like pie... Especially when other peoples stupid ideas result in me getting more pie.
An obvious troll, but soooo hard to resist responding Clearly I failed... But not as hard as the OP.
An obvious troll, but soooo hard to resist responding
Clearly I failed... But not as hard as the OP.
This thread is hilarious 
So each remaining unit of pie is now worth 10/9 as much as before. At the expense of the one guy that thought it would be smart to destroy his pie (i.e. you). Wealth is still distributed equally amongst everybody else.
By destroying bitcoins, you basically give away money to others (in your situation: you're giving your employer's money to the power company) and you change exactly nothing for the rest of the world
Ok. Have 10 people and 10 pies. We give everyone a pie.
Now 8 pies get lost. Some get eaten, one pie was encrypted and the key got lost, another one's fridge was hacked and his pie deleted, a pie was dropped on the floor, etc etc.
We divide every remaining pie into 10 pieces. One guy didn't lose his pie, he gets to keep all 10 pieces. The other 10 pieces are divided evenly over the other 9 people and piece gets destroyed by me, just cos I can. And pie makes me fat.
We have 10 times as many "items of pie". We performed a digit shift on the pie basically... Yet now one guy has half of all items of pie available, while he only had 1/10 earlier.
Here's where your comparison fails: in reality, with one guy deliberately destroying his pie, 9 pieces remain, rather than 2. You see, 8 pieces out of 10 don't just get lost, like you seem to assume. You are destroying your pie, the other 9 people aren't. Now 8 pies get lost. Some get eaten, one pie was encrypted and the key got lost, another one's fridge was hacked and his pie deleted, a pie was dropped on the floor, etc etc.
We divide every remaining pie into 10 pieces. One guy didn't lose his pie, he gets to keep all 10 pieces. The other 10 pieces are divided evenly over the other 9 people and piece gets destroyed by me, just cos I can. And pie makes me fat.
We have 10 times as many "items of pie". We performed a digit shift on the pie basically... Yet now one guy has half of all items of pie available, while he only had 1/10 earlier.
So each remaining unit of pie is now worth 10/9 as much as before. At the expense of the one guy that thought it would be smart to destroy his pie (i.e. you). Wealth is still distributed equally amongst everybody else.
By destroying bitcoins, you basically give away money to others (in your situation: you're giving your employer's money to the power company) and you change exactly nothing for the rest of the world
Quote
Still think shifting the digit will solve bitcoins getting lost? 
Absolutely. Except for the guy who destroys his pie. 
I am an IT specialist at a medium sized european insurance company. … So, we destroy every coin we mine. It's amazing how much effort it takes PC's to create a bitcoin yet how easily they can be destroyed. It litterally takes us no more than a minute every week. Delete the wallet.dat and create a fresh one and another 5 coins or so are gone forever
Wait, so you're an IT specialist and you don't use cron for this?
Surely, you're not expecting an answer from him, for like I said, he was only on this forum for an hour.
~Bruno~
Not really, but this thread is pretty funny.
I am an IT specialist at a medium sized european insurance company. … So, we destroy every coin we mine. It's amazing how much effort it takes PC's to create a bitcoin yet how easily they can be destroyed. It litterally takes us no more than a minute every week. Delete the wallet.dat and create a fresh one and another 5 coins or so are gone forever
Wait, so you're an IT specialist and you don't use cron for this?
Surely, you're not expecting an answer from him, for like I said, he was only on this forum for an hour.
~Bruno~
I am an IT specialist at a medium sized european insurance company. … So, we destroy every coin we mine. It's amazing how much effort it takes PC's to create a bitcoin yet how easily they can be destroyed. It litterally takes us no more than a minute every week. Delete the wallet.dat and create a fresh one and another 5 coins or so are gone forever
Wait, so you're an IT specialist and you don't use cron for this?
This sure is a lot of "thread" for commenting on the OP by an actor who was only on this forum for exactly one hour, not to be heard from again. Hell, Nikki the Bitch had a longer tenure tell theymos took her down and extended my vacation.
~Bruno~
~Bruno~
I think they did the forum a favor. I'm no longer restricted to Newbies but it's the only place I have posted. Some of the topics are way over my head, but this one is a fine bit of nonsense that anybody can participate in.. Great ice-breaker...
This sure is a lot of "thread" for commenting on the OP by an actor who was only on this forum for exactly one hour, not to be heard from again. Hell, Nikki the Bitch had a longer tenure till theymos took her down and extended my vacation.
~Bruno~
~Bruno~
That simply divides the bitcoins up into smaller portions. Every bitcoin that is lost, is gone for good and simply reduces the amount of bitcoins there will ever be.
If you make all other BTC worth more and they are divided up into smaller pieces, the net result is no change long-term. You're not hurting anything. You're only helping us out in the short-term.
Ok. Have 10 people and 10 pies. We give everyone a pie.
Now 8 pies get lost. Some get eaten, one pie was encrypted and the key got lost, another one's fridge was hacked and his pie deleted, a pie was dropped on the floor, etc etc.
We divide every remaining pie into 10 pieces. One guy didn't lose his pie, he gets to keep all 10 pieces. The other 10 pieces are divided evenly over the other 9 people and piece gets destroyed by me, just cos I can. And pie makes me fat.
We have 10 times as many "items of pie". We performed a digit shift on the pie basically... Yet now one guy has half of all items of pie available, while he only had 1/10 earlier.
Still think shifting the digit will solve bitcoins getting lost?
That reminds me, someone should sell pie for bitcoins if they don't already...
Cool, so iin something like the year 13000, yeah 13000, you will have destroyed all the bitcoins. GO MAN GO.
trolling jackasses
trolling jackasses
Keep up the good work raising bitcoin value.
Awh, Thanks!
Now this sounds like a succesful troll attempt. I doubt there's anyone on the world who would willingful dedicate some of his time to create money and then destroy it.
Successful troll is successful. Sparked 6 pages of conversation. As it was previously mentioned, the OP can't run 12 computers nonstop without people noticing the increased cost of electricity. Imagine if he tried to do that with euros or dollars. "Every month I burn my paycheck because I hate dollars. Soon dollars will be gone." It's not even that. "Every month I WASTE my employers money for a frivolous crusade against some online currency." Not only would the OP be stupid, he'd be mentally deranged and be fired instantly if his employer found out.
Jump to: