if there is no way to get the coins "off" the item, then there is no value. It is simply wasted BTC. and the art that it is attached to while still art and has it's own value gains zero value from any "stored" btc because without a key it is useless.
as for the fun and experimentation - that I am lost at. Not sure how much experimentation there can be to send funds to an address that you don't hold the keys to. You could send the funds to me and the effect would be the same - you would have lost the coins. The only difference is that I could spend them if you sent to me. Whereas sent to your address that no one has the keys to is the same as essentially destroying the coins as you can never spend them and the item gains zero value from holding an amount of btc if the btc can never be spent/withdrawn.
Topic: With all the NFT stuff going on Id like to make another Proof Of Burn project (Read 232 times)
March 16, 2021, 10:26:48 AM
March 16, 2021, 10:16:40 AM
To me, burning of the crypto is still the dumbest thing ever. Yes, it makes it more rare, yes it makes it more valuable but it makes less of it - less of something that can never have more made.
I just see it as a detriment - I know many like it but I think that just stems from their personal greed to see their own wallets increase in value.
I just see it as a detriment - I know many like it but I think that just stems from their personal greed to see their own wallets increase in value.
I do it for fun and experimentation, technically with this particular project the coins just tied to a physical object and cant be removed. The value only disappears if said objects destroyed.(reverse NFT?) The initial value of those notes I did in the past should ALWAYS hold the face value that's burned to them.(1001-1010 satoshi each note) (right now about $0.55each)
If I was a whale and burned half my coin hoping the other half doubled in value it would be pointless. I for one wont be taking one for the team in that aspect.
I understand where your coming from but I'm not simply burning BTC for shits and giggles or to make people angry to me its art with process and depth a homage to how complex and beautiful crypto's properties really can be.
March 16, 2021, 09:49:31 AM
To me, burning of the crypto is still the dumbest thing ever. Yes, it makes it more rare, yes it makes it more valuable but it makes less of it - less of something that can never have more made.
I just see it as a detriment - I know many like it but I think that just stems from their personal greed to see their own wallets increase in value.
I just see it as a detriment - I know many like it but I think that just stems from their personal greed to see their own wallets increase in value.
March 16, 2021, 09:07:27 AM
Technically I did what NFT's could not!
I assigned additional tangible value to a physical item via signature binding.
I want to do this again https://bitcointalksearch.org/topic/auctionproof-of-burn-notes-something-different-bwatartadeco-last-hour-5150524
I need a serialized item in bulk , any suggestions?
I was leaning on more tardedeco notes with a better printing process and higher denominations burned to the notes.
Id like something multi variable value wise , like a goldback with btc burned to its SN.
Or a papersafe with burned and non burned BTC
I had 2 or 3 makers reach out to me after my first project launched but nothing ever came of it. Id like to revisit this!
I assigned additional tangible value to a physical item via signature binding.
I want to do this again https://bitcointalksearch.org/topic/auctionproof-of-burn-notes-something-different-bwatartadeco-last-hour-5150524
I need a serialized item in bulk , any suggestions?
I was leaning on more tardedeco notes with a better printing process and higher denominations burned to the notes.
Id like something multi variable value wise , like a goldback with btc burned to its SN.
Or a papersafe with burned and non burned BTC
I had 2 or 3 makers reach out to me after my first project launched but nothing ever came of it. Id like to revisit this!
This is interesting but I'm not 100% clear on your idea.
It does sound slightly similar to my Minted Seats in that it takes BTC off the chain and adds it to a physical item. However, Minted Seats can be peeled and the BTC held on the address can be claimed. They receive/store BTC at the coin's address, but are also attached to "seats" that are tied to BTC held at a savings address and are made of precious metals, giving them several different "denominations" of value. Minted Seats are "serialized" in bulk, as are the more typical digital seats and would be in my opinion good candidates for "signature binding" or attaching NFTs. This is an idea I've been kicking around a while and have many thoughts, but they're all still on the drawing board. I am always open to ideas that add fun or value to "seats" as well as new ways to remove BTC from circulation, so this project interests me.
March 15, 2021, 04:39:00 PM
Technically I did what NFT's could not!
I assigned additional tangible value to a physical item via signature binding.
I want to do this again https://bitcointalksearch.org/topic/auctionproof-of-burn-notes-something-different-bwatartadeco-last-hour-5150524
I need a serialized item in bulk , any suggestions?
I was leaning on more tardedeco notes with a better printing process and higher denominations burned to the notes.
Id like something multi variable value wise , like a goldback with btc burned to its SN.
Or a papersafe with burned and non burned BTC
I had 2 or 3 makers reach out to me after my first project launched but nothing ever came of it. Id like to revisit this!
I assigned additional tangible value to a physical item via signature binding.
I want to do this again https://bitcointalksearch.org/topic/auctionproof-of-burn-notes-something-different-bwatartadeco-last-hour-5150524
I need a serialized item in bulk , any suggestions?
I was leaning on more tardedeco notes with a better printing process and higher denominations burned to the notes.
Id like something multi variable value wise , like a goldback with btc burned to its SN.
Or a papersafe with burned and non burned BTC
I had 2 or 3 makers reach out to me after my first project launched but nothing ever came of it. Id like to revisit this!
This is interesting but I'm not 100% clear on your idea.
It does sound slightly similar to my Minted Seats in that it takes BTC off the chain and adds it to a physical item. However, Minted Seats can be peeled and the BTC held on the address can be claimed. They receive/store BTC at the coin's address, but are also attached to "seats" that are tied to BTC held at a savings address and are made of precious metals, giving them several different "denominations" of value. Minted Seats are "serialized" in bulk, as are the more typical digital seats and would be in my opinion good candidates for "signature binding" or attaching NFTs. This is an idea I've been kicking around a while and have many thoughts, but they're all still on the drawing board. I am always open to ideas that add fun or value to "seats" as well as new ways to remove BTC from circulation, so this project interests me.
March 15, 2021, 10:40:37 AM
what currency will you be burning? I hope not BTC 
Most definitely burning BTC as the supply is capped. In a way its not technically burning though. Just taking the coin off chain forever, and coupling it to a physical item.
I hate to see that done especially with a capped coin - makes it harder for the average person to get it. I get why hodlrs do it but I disagree with it 100%
March 15, 2021, 10:00:57 AM
what currency will you be burning? I hope not BTC
Most definitely burning BTC as the supply is capped. In a way its not technically burning though. Just taking the coin off chain forever, and coupling it to a physical item.
March 15, 2021, 09:37:22 AM
what currency will you be burning? I hope not BTC
March 15, 2021, 09:20:01 AM
Technically I did what NFT's could not!
I assigned additional tangible value to a physical item via signature binding.
I want to do this again https://bitcointalksearch.org/topic/auctionproof-of-burn-notes-something-different-bwatartadeco-last-hour-5150524
I need a serialized item in bulk , any suggestions?
I was leaning on more tardedeco notes with a better printing process and higher denominations burned to the notes.
Id like something multi variable value wise , like a goldback with btc burned to its SN.
Or a papersafe with burned and non burned BTC
I had 2 or 3 makers reach out to me after my first project launched but nothing ever came of it. Id like to revisit this!
I assigned additional tangible value to a physical item via signature binding.
I want to do this again https://bitcointalksearch.org/topic/auctionproof-of-burn-notes-something-different-bwatartadeco-last-hour-5150524
I need a serialized item in bulk , any suggestions?
I was leaning on more tardedeco notes with a better printing process and higher denominations burned to the notes.
Id like something multi variable value wise , like a goldback with btc burned to its SN.
Or a papersafe with burned and non burned BTC
I had 2 or 3 makers reach out to me after my first project launched but nothing ever came of it. Id like to revisit this!
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