This is so counter productive. What you're doing here is wasting money. There is absolutely no way you could get enough Bitcoin to destroy that would have a notable affect on the price.
if enough people would be doing it it would but seems not. Due to the large amount of useless spam posts I'll close this topic but feel free to keep destroying your bitcoins. 
Topic: destroying bitcoins (Read 5652 times)
This is so counter productive. What you're doing here is wasting money. There is absolutely no way you could get enough Bitcoin to destroy that would have a notable affect on the price.
I suppose it's a good thing that this can't possibly be illegal to do as opposed to destroying fiat.
Only dumb people destroy capital. It just doesn't make sense to burn your money while you paid or did a lot effort just to get it.
sure. 100% agreed! burning money ,thats stupid
Only dumb people destroy capital. It just doesn't make sense to burn your money while you paid or did a lot effort just to get it.
Since the bitcoinprice decreased a lot last year I would like to destroy some bitcoins.
Destroying some bitcoins can have a serious positive impact on the price
If every human being could destroy 0.001 BTC we would half the amount of bitcoins in circulation, increasing the price of bitcoin in compare to other currencies.
But every satoshi could help a bit... This is the best way to support bitcoin
The private key of this wallet is lost (on purpose) and those bitcoins will never be able to get out of this wallet (or heaven?
)
1BitcoinEaterAddressDontSendf59kuE
please don't send any more bitcoins to the address posted here before)
People who helped destroy bitcoins to raise the btc-price:
leen93 : 10.000 satoshis
FIRST GOAL TO REACH : 100.000 satoshi
I admire the initiative and have considered this myself, but you are not going to raise the price significantly unless you have a couple thousand people. Destroying some bitcoins can have a serious positive impact on the price
If every human being could destroy 0.001 BTC we would half the amount of bitcoins in circulation, increasing the price of bitcoin in compare to other currencies.
But every satoshi could help a bit... This is the best way to support bitcoin
The private key of this wallet is lost (on purpose) and those bitcoins will never be able to get out of this wallet (or heaven?
)1BitcoinEaterAddressDontSendf59kuE
please don't send any more bitcoins to the address posted here before)
People who helped destroy bitcoins to raise the btc-price:
leen93 : 10.000 satoshis
FIRST GOAL TO REACH : 100.000 satoshi
What's the point of destroying it? I think its just make the bitcoin become rare and then people will start to find it again and again plus the price when will be higher than before. It is just a natural law so better keep it rather than destroying it
What a waste of bitcoin. Send me instead , I will keep it for you while the price goes up
if all citizens, start destroying it, i'm sure the printing can't match the destruction, resulting in less scam fiat in circulation
Most fiat is generated through a decision of the central bank / commercial banks through fractional reserve lending.
Destroying fiat isn't going to help you. It is just going to transfer value from you to the system you hate.
But destroying bitcoin from the other hand has very good effect bitcoin's economy. It is just like Satoshi said: Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.
it is the same actually, if you destroy your own money, does not matter if it is bitcoin or fiat, if you destroy your fiat you will get poorer, and if you destroy your bitcoin you will get poorer as well, the ony difference is that with the latter, you will enrich others
if all citizens, start destroying it, i'm sure the printing can't match the destruction, resulting in less scam fiat in circulation
Most fiat is generated through a decision of the central bank / commercial banks through fractional reserve lending.Destroying fiat isn't going to help you. It is just going to transfer value from you to the system you hate.
But destroying bitcoin from the other hand has very good effect bitcoin's economy. It is just like Satoshi said: Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.
I do wonder however how does one plan on making all citizens destroy their money? Why would anyone burn the paper that they use to buy food i.e. survive? Destroying fiat doesn't do anything.
Even though destroying Bitcoins might help the price, that doesn't mean that we should be destroying them.
if all citizens, start destroying it, i'm sure the printing can't match the destruction, resulting in less scam fiat in circulation
Most fiat is generated through a decision of the central bank / commercial banks through fractional reserve lending.Destroying fiat isn't going to help you. It is just going to transfer value from you to the system you hate.
But destroying bitcoin from the other hand has very good effect bitcoin's economy. It is just like Satoshi said: Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.
I do wonder however how does one plan on making all citizens destroy their money? Why would anyone burn the paper that they use to buy food i.e. survive? Destroying fiat doesn't do anything.
Even though destroying Bitcoins might help the price, that doesn't mean that we should be destroying them.
if all citizens, start destroying it, i'm sure the printing can't match the destruction, resulting in less scam fiat in circulation
Most fiat is generated through a decision of the central bank / commercial banks through fractional reserve lending.
Destroying fiat isn't going to help you. It is just going to transfer value from you to the system you hate.
But destroying bitcoin from the other hand has very good effect bitcoin's economy. It is just like Satoshi said: Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.
if all citizens, start destroying it, i'm sure the printing can't match the destruction, resulting in less scam fiat in circulation
Most fiat is generated through a decision of the central bank / commercial banks through fractional reserve lending.
Destroying fiat isn't going to help you. It is just going to transfer value from you to the system you hate.
But destroying bitcoin from the other hand has very good effect bitcoin's economy. It is just like Satoshi said: Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.
if all citizens, start destroying it, i'm sure the printing can't match the destruction, resulting in less scam fiat in circulation
Most fiat is generated through a decision of the central bank / commercial banks through fractional reserve lending.
Destroying fiat isn't going to help you. It is just going to transfer value from you to the system you hate.
if you want to make a serious impact start with destroying 1btc. let's see how much impact it has.
and we will see how many people will follow.
and we will see how many people will follow.
Hahahahaa...that was a good one. I think that is rally silly idear. Destroying your own money and thinking other would follow is foolishness.
but dont abuse it or you will get banned . 
if you want to make a serious impact start with destroying 1btc. let's see how much impact it has.
and we will see how many people will follow.
and we will see how many people will follow.
Hahahahaa...that was a good one. I think that is rally silly idear. Destroying your own money and thinking other would follow is foolishness.
better to destroy fiat and decrease inflation, thus making fiat stronger and as a consequence bitcoin also
bitcoin are too precious too be destroyed
bitcoin are too precious too be destroyed
Fiat is like paycoin, 350% more printed per day, destroying does nothing
if all citizens, start destroying it, i'm sure the printing can't match the destruction, resulting in less scam fiat in circulation
and btw there are 15-30% of bitcoin destroyed already, is more than enough
People who helped destroy bitcoins to raise the btc-price:
leen93 : 10.000 satoshis
But the price just went down again! Oh Noes! This is having the opposite effect! leen93 : 10.000 satoshis
EVERYBODY PANIC!
Let's try it with gold next. Start destroying all your gold (I don't even know how). If we each destroy one ounce of gold I will be richer in no time.
P.S. You have a lot of work ahead if you hope to change the price of bitcoin. You have done 10 Satoshi so far that = USD $0.0000217660. Not even close to one single penny.
Compare that to like 3600 BTC produced per day. You are going to have to convince people to destroy about $7,000 dollars worth of BTC per day to have any impact. Good luck.
Well that just bring us back to the core of economics. Is deflation really bad or good?P.S. You have a lot of work ahead if you hope to change the price of bitcoin. You have done 10 Satoshi so far that = USD $0.0000217660. Not even close to one single penny.
Compare that to like 3600 BTC produced per day. You are going to have to convince people to destroy about $7,000 dollars worth of BTC per day to have any impact. Good luck.
I'd definitely not advise the destruction of a limited currency such as Bitcoin. Luckily it can be divided, because 21 million wouldn't be enough otherwise.
I realize this is not a logical solution but if we really wanted to do this could we not essentially accomplish the same thing by changing Bitcoin itself, increasing the transaction fee by .001 and discarding it? Obviously screws with the whole concept of Bitcoin, but the point is... don't send this guy any coins!
Nah we only have one more dea auction and halving next year, we're almost there.
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