Quote from: jalmari on May 21, 2014, 04:33:29 PM

Quote from: Adriano on May 21, 2014, 12:44:34 AM

Quote from: $dakini on May 20, 2014, 06:20:03 PM

Any news on the coin destruction video yet or are we still waiting?

Hi,

Regarding this issue I would like to discuss with everyone the possibilities before we do something we can't undo.

First of all, when anyone issues the command getinfo it will be presented a variable called "moneysupply" which shows the amount of existing coins. Right now it is 501029874.12035203. This information will not be reduced by 175000000 after we destroy the coin. If this is what we are expecting it might be another options, but I sincerely don't think this is required.

There are a few ways to make these coins unavailable:

1. Come up with an address that passes the basic sanity checks but is internally invalid. We can know for sure that no key could possibly match this address.

2) Put strings of characters in the address that are way beyond what anyone could generate in a vanity address. For example, if the address has "FreebiesThatWereGoneForever" in it, it's clearly beyond anyone's capability to find a corresponding private key.

3) Use a public key that's obviously made up, such as one that consists only of zero bytes or that contains all consecutive digits of Pi. It's clearly beyond anyone's capability to find a corresponding private key. (For this one to work, we need to disclose the public key.)

4) Use a hash of the public key that's obviously made up. This works the same as the option above, but the difficulty would be in even finding a public key with such a hash, much less finding the corresponding private key.

I would like to hear what you guys think about it before we proceed.

P.S.: Most of this text was extracted from https://bitcointalk.org/index.php?topic=144158.0 and if we decide to go on this path I can generate the address as it is shown there and make public the math used to generate that address (the same way it is described there, but with our details)

I will wait for comments and concerns for some time (not sure yet how long, maybe till Friday?)

Thanks

Adriano

I think that you should use exactly the same method NVC used as it has been used before and we can be sure that it works.

The best method is the method that's proved itself.

Btw, I suggest to destroy the coins as soon as possible and then switch to further development.