Post
Topic
Board Speculation
Re: Open Bazaar bitcoin killer app!
by
mmortal03
on 05/09/2014, 11:55:20 UTC
They will really be destructed:
https://blog.openbazaar.org/proof-of-burn-and-reputation-pledges/

I like the idea better of sending the coins to charity, and have a voting system on open bazaar to which charity the coins need to go.

Yeah, why not something like this?
It's more complicated, maybe? Proof of burn is charitably donating the value to all BTC holders.

Yeah, it seems to be a simple method that is apolitical, however, in the POB scenario, people who hold more bitcoins would gain more benefit from that, so it doesn't go to everyone "equally", and definitely doesn't go to those with the most need, like it might if it had a different design. I have no well thought out alternative to present at the moment, though -- just discussing ideas.