Quote from: Dr. Glamorian on July 18, 2012, 07:11:17 AM

Quote from: notme on July 18, 2012, 07:00:23 AM

Quote from: Dr. Glamorian on July 18, 2012, 06:57:09 AM

Would you use a crypto-currency backed by destroyed Bitcoins? You would send some Bitcoins to a specific blackhole at a certain time and the blockchain would credit you with 1 DestroyCoin.

Once all Bitcoins are destroyed, there would be a total of 21 million DestroyCoins.

Miners would be paid through transaction fees alone.

How do I know you don't have a key for this blackhole?

A public address can be made without generating a private key. In that case, it would be impossible to find the private key, ever.

It will be ~~clearly~~ likely a blackhole since it would contain a long word or phrase.

FTFY. I still don't trust you.