Post
Topic
Board Beginners & Help
Re: Destroying bitcoin, by coin, by coin...
by
Kazimir
on 03/07/2012, 08:26:41 UTC
This thread is hilarious Cheesy

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.

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 Smiley

Quote
Still think shifting the digit will solve bitcoins getting lost? Wink
Absolutely. Except for the guy who destroys his pie.