This has probably been discussed before but I want to raise it again...
can bitcoins be destroyed
You can burn fiat currency...so can you destroy a bitcoin? Is it possible? How would you go about it? How would it effect the economy and how would someone find about it if it occurred?
Discuss
can bitcoins be destroyed
You can burn fiat currency...so can you destroy a bitcoin? Is it possible? How would you go about it? How would it effect the economy and how would someone find about it if it occurred?
Discuss
It's possible for you to physically lose them, but it can't be DESTROYED completely.
First you have to describe what you mean when you say "destroy bitcoins".
Since bitcoins don't actually exist, there isn't anything there to destroy.
We can, however, permanently reduce the sum of the unspent transaction outputs. That's about as close as you can get to the "destruction" of something that was never "created" in the first place.