Post
Topic
Board Bitcoin Discussion
Re: Are bitcoins indestructible?
by
bitintheghetto
on 06/12/2013, 19:54:35 UTC
Yes. Once mined they are indestructible.

Being abstract constructs, Bitcoins are no more destructible than the number 2 is destructible.
They can only be transferred.
You cannot "unmine" them.

A bitcoin however can be taken out of circulation like every other means of exchange if the owner just refuses to spend it. Or the wallet is lost. But there is no equivalent of burning a $1 note in bitcoins.

Can someone correct me if I'm wrong?