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Topic: Coins of Satoshi - page 2. (Read 3904 times)

newbie
Activity: 17
Merit: 0
May 22, 2017, 09:54:14 AM
#12
We could assume that all coins which are untouched after mining in the first couple of ten thousands blocks are mined by Satoshi.
I believe those blocks weren't all mined within 10 minutes because of the low starting difficulty and slow difficulty retarget time. It could've taken just a few seconds to mine a block after the genesis block.
Absolute nonsense. Please stop making completely ridiculous suggestions, and spend a few minutes learning how bitcoin actually works.

If you want a currency where funds can be frozen and stolen so easily I suggest you stick with US dollars. You'll discover that Bitcoin isn't going to be able to satisfy your urge to take what belongs to others so easily.
I know how cryptocurrencies work
- snip -

If you think you can identify with certainty "ten thousands blocks" that were mined by Satoshi, then you probably don't understand how bitcoin actually works.

If you think "It could've taken just a few seconds to mine a block after the genesis block", then you definitely don't understand how bitcoin actually works.

If you think there's a chance to "get a hold of those coins" without the private key, and/or that it is as easy as "update/modify the current sourcecode", then you've got a LOT to learn.

With some research you can see which of the early mined coins are untouched. These were probably mined by team Satoshi.

Have you got any knowledge about how the difficulty functionality works? Seems you don't. The starting difficulty was so low that it took seconds instead of 10 minutes to mine a block.

I believe some double spending happened in the early days..

There definitely are ways to get access to the coins we are speaking about.
legendary
Activity: 1260
Merit: 1019
May 22, 2017, 09:35:47 AM
#11
Satoshi earned those coins deservedly as compensation for his invention, and nobody but Satoshi has any right to decide what happens to them.

I, for one, wouldn't use this alt-coin.
Nor I.

I will  Grin
OK, now it is your turn.
legendary
Activity: 3416
Merit: 4658
May 22, 2017, 09:31:55 AM
#10
We could assume that all coins which are untouched after mining in the first couple of ten thousands blocks are mined by Satoshi.
I believe those blocks weren't all mined within 10 minutes because of the low starting difficulty and slow difficulty retarget time. It could've taken just a few seconds to mine a block after the genesis block.
Absolute nonsense. Please stop making completely ridiculous suggestions, and spend a few minutes learning how bitcoin actually works.

If you want a currency where funds can be frozen and stolen so easily I suggest you stick with US dollars. You'll discover that Bitcoin isn't going to be able to satisfy your urge to take what belongs to others so easily.
I know how cryptocurrencies work
- snip -

If you think you can identify with certainty "ten thousands blocks" that were mined by Satoshi, then you probably don't understand how bitcoin actually works.

If you think "It could've taken just a few seconds to mine a block after the genesis block", then you definitely don't understand how bitcoin actually works.

If you think there's a chance to "get a hold of those coins" without the private key, and/or that it is as easy as "update/modify the current sourcecode", then you've got a LOT to learn.
newbie
Activity: 17
Merit: 0
May 22, 2017, 05:30:16 AM
#9
We could assume that all coins which are untouched after mining in the first couple of ten thousands blocks are mined by Satoshi.
I believe those blocks weren't all mined within 10 minutes because of the low starting difficulty and slow difficulty retarget time. It could've taken just a few seconds to mine a block after the genesis block.

Absolute nonsense. Please stop making completely ridiculous suggestions, and spend a few minutes learning how bitcoin actually works.

If you want a currency where funds can be frozen and stolen so easily I suggest you stick with US dollars. You'll discover that Bitcoin isn't going to be able to satisfy your urge to take what belongs to others so easily.

I know how cryptocurrencies work and its possible to get a hold of those coins or update/modify the current sourcecode. I am making this suggestion as I believe Satoshis' coins are either lost or stolen and they might not come back using their alias.

legendary
Activity: 3416
Merit: 4658
May 21, 2017, 04:28:46 PM
#8
We could assume that all coins which are untouched after mining in the first couple of ten thousands blocks are mined by Satoshi.
I believe those blocks weren't all mined within 10 minutes because of the low starting difficulty and slow difficulty retarget time. It could've taken just a few seconds to mine a block after the genesis block.

Absolute nonsense. Please stop making completely ridiculous suggestions, and spend a few minutes learning how bitcoin actually works.

If you want a currency where funds can be frozen and stolen so easily I suggest you stick with US dollars. You'll discover that Bitcoin isn't going to be able to satisfy your urge to take what belongs to others so easily.
newbie
Activity: 17
Merit: 0
May 21, 2017, 02:43:45 PM
#7
We could assume that all coins which are untouched after mining in the first couple of ten thousands blocks are mined by Satoshi.
I believe those blocks weren't all mined within 10 minutes because of the low starting difficulty and slow difficulty retarget time. It could've taken just a few seconds to mine a block after the genesis block.
staff
Activity: 4172
Merit: 8419
May 20, 2017, 02:59:05 AM
#6
No one has any idea what coins are Satoshi's -- except for the coins paid the the block 0 address and those left over from block 9.

People speculate about a lot of things-- but most of these speculations are provably false or are at least completely unsupported.--- they just get spread around to justify the super massive and unethical premines in systems like Ethereum.

For all we know Satoshi might only own a small amount of Bitcoin.

Regardless, you're sure as hell not going to take anyone's Bitcoin's from them.
legendary
Activity: 4326
Merit: 3041
Vile Vixen and Miss Bitcointalk 2021-2023
May 19, 2017, 10:57:31 PM
#5
Satoshi earned those coins deservedly as compensation for his invention, and nobody but Satoshi has any right to decide what happens to them.

I, for one, wouldn't use this alt-coin.
Nor I.
hero member
Activity: 1260
Merit: 524
May 19, 2017, 02:37:12 PM
#4
Get Satoshi’s coins in possession of a group of trusted community members (with an hard fork).

Multi signature required for actions from this pool of valuable internet money.

As per todays economical data this group would have access to more than 1 Billion USD in BTC.

It is true that if satoshi's coin are hard fork and got it , then Bitcoin will also become like other altcoins which can be manipulated by a single developer. So this question itself is useless
legendary
Activity: 4060
Merit: 1303
May 19, 2017, 12:45:20 PM
#3
Get Satoshi’s coins in possession of a group of trusted community members (with an hard fork).

Multi signature required for actions from this pool of valuable internet money.

As per todays economical data this group would have access to more than 1 Billion USD in BTC.

If you can take anyone's coins for any reason, the point of bitcoin will have been lost.  I, for one, wouldn't use this alt-coin.
legendary
Activity: 2786
Merit: 1031
May 19, 2017, 11:56:17 AM
#2
Get Satoshi’s coins in possession of a group of trusted community members (with an hard fork).

Multi signature required for actions from this pool of valuable internet money.

As per todays economical data this group would have access to more than 1 Billion USD in BTC.

You can make such fork.

Do you think people will use it and it will be worth $2000 per coin?

I wouldn't use it, I don't think anybody will use it, and such 'group' will have 0 USD in BTC.
newbie
Activity: 17
Merit: 0
May 19, 2017, 11:50:50 AM
#1
Get Satoshi’s coins in possession of a group of trusted community members (with an hard fork).

Multi signature required for actions from this pool of valuable internet money.

As per todays economical data this group would have access to more than 1 Billion USD in BTC.
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