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Topic: Virgin Coins - page 7. (Read 15495 times)

legendary
Activity: 1246
Merit: 1016
Strength in numbers
December 21, 2012, 08:49:03 PM
#3
It seems kind of cool to me, but I wouldn't pay much of anything, and probably only be interested in like one block if I even wanted to bother.

I could see the tiny fraction of people caring become a lot more people than there are fresh blocks eventually so the premium could go up, so there is some speculative value. However, while you can buy a virgin block you can't safely sell it once you buy it. You pay people to mine to your key, but then once you've got it if you give the key to someone they have to trust you forever or else move it and destroy it's virginity. So... I'm thinking overall it's mostly a no go.

member
Activity: 112
Merit: 10
December 21, 2012, 08:40:46 PM
#2
Can you mine bitcoins to an address where you only got the public key?
If only i had the private key i would maybe pay like 101 BTC for 100 BTC mined to my address.
So yes there could be a market  Smiley
vip
Activity: 1358
Merit: 1000
AKA: gigavps
December 21, 2012, 08:19:21 PM
#1
Hello Bitcoin Community,

I would like to discuss the topic of "virgin" bitcoins. Specifically, I would like to discuss the possibilities of being able to purchase a private key to coins mined directly to paper wallets.

  • Is this a niche market that only a few zealots would be interested in or this is more appealing to a broad range of Bitcoiners?
  • What kind of premium, if any, could be associated with virgin coins?
  • Would you consider a service that sells virgin coins for non-virgin bitcoins a laundering service?
  • Is a service like this appealing for payment via meat space methods including wire and cash?

I've always found this topic to be interesting and I look forward to your responses.

Best,
James
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