Author

Topic: "Virgin" coins at a premium? (Read 2692 times)

legendary
Activity: 2058
Merit: 1452
December 02, 2013, 08:25:48 PM
#3
no one would buy them except for high profile scammers like pirateat40 because a simple deposit-withdraw cycle at a exchange will sufficiently remove taint. no one would sell to high profile scammers because they're going to take all the heat when they try to spend their coins. with coinjoin already possible (at the protocol level), there's no need to buy virign coins anymore.
hero member
Activity: 518
Merit: 500
December 02, 2013, 08:10:41 PM
#2
Bitcoins are fungible i.e. they can all be treated the same. One bitcoin is always worth the same price as another bitcoin. If we ever get away from that principle, bitcoin will fail. We would end up with a system where no two bitcoins had the same value .... each would have a "trust rating". Can never happen.
newbie
Activity: 28
Merit: 0
December 02, 2013, 07:45:43 PM
#1

Forgive me if I am missing something.  But if freshly "minted" coins have no transactions on the block chain, wouldn't they innately have a higher privacy value?  Less people connected to the btc.

And if this is true you would think they would trade at a premium.  Thoughts?
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