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
There is ONLY one way to truly destroy bitcoin.
Other methods, e.g. losing private key, sending to 1BitcoinEaterAddressDontSendf59kuE, sending to OP_RETURN, just make the coins unspendable. The record of the bitcoin is still on the blockchain.
To truly destroy bitcoin, a miner has to deliberately underpay himself. This happend in block 124724 ( http://blockexplorer.com/block/0000000000004c78956f8643262f3622acf22486b120421f893c0553702ba7b5 )
With this, 0.01000001 bitcoin was destroyed