Topic: Fork and Destroy Satoshi's 1 million Bitcoin? - page 5. (Read 14353 times)
Hilarious. This is absolutely stupid IMHO. Satoshi Nakamoto created Bitcoin which is why he can do whatever he wants with it and you or anyone are in no position to judge otherwise. Improve your brain op before coming up with such silly suggestions!
And yet some investors agree with the kept tokens of the team in one ICO project?
Why not the creator of bitcoin can keep his own part.
And to also add up he did not get it for free. He mined those coins and believed in the technology that he created.
Why not try to be on his position and what if someone tells you to do the same? Destroy your owned coins because you own it? C'mon!
Why not the creator of bitcoin can keep his own part.
And to also add up he did not get it for free. He mined those coins and believed in the technology that he created.
Why not try to be on his position and what if someone tells you to do the same? Destroy your owned coins because you own it? C'mon!
It's going to be a tough sell to convince the community and developers to accept a fork for the sole purpose of destroying the coin accumulation of one individual, the creator of Bitcoin, especially because your sole reasoning is "Satoshi has too many BTC."
I have always seen those addresses as a "security bounty", anyways.
I have always seen those addresses as a "security bounty", anyways.
Bitcoin should be forked and Satoshi's 1 million Bitcoin destroyed completely, if he really owns that much.
A sudden withdrawal of of 1 million (or large gradual withdrawals) should be regarded as an attack on Bitcoin.
Or it should be frozen for now until developers are sure no one is going to withdraw the whole thing and crash the market.
What do you mean by destroy, you can't destroy bitcoin otherwise it defies the whole idea of it being the crypto that it is today, it is true that 1 million bitcoin is not something that needs to be taken lightly and if at some point that amount as you said would be moved either at one time or gradually from one address it will bring a lot of drama and controversial to the bitcoin market and community, but at least we know that such thing would not to happen as i don't think satoshi himself would do anything that will influence bitcoin in a bad thing at least not after all these years. A sudden withdrawal of of 1 million (or large gradual withdrawals) should be regarded as an attack on Bitcoin.
Or it should be frozen for now until developers are sure no one is going to withdraw the whole thing and crash the market.
Bitcoin should be forked and Satoshi's 1 million Bitcoin destroyed completely, if he really owns that much.
A sudden withdrawal of of 1 million (or large gradual withdrawals) should be regarded as an attack on Bitcoin.
Or it should be frozen for now until developers are sure no one is going to withdraw the whole thing and crash the market.
Are you sure that forking once again would solve out? You dont have any idea on whats fork for sure.A sudden withdrawal of of 1 million (or large gradual withdrawals) should be regarded as an attack on Bitcoin.
Or it should be frozen for now until developers are sure no one is going to withdraw the whole thing and crash the market.
If Satoshi would decide to dump all of those coins then it would really give out some significant dump but it isnt considered to be an attack yet
He do owns those coins in the first place.
Bitcoin should be forked and Satoshi's 1 million Bitcoin destroyed completely, if he really owns that much.
A sudden withdrawal of of 1 million (or large gradual withdrawals) should be regarded as an attack on Bitcoin.
Or it should be frozen for now until developers are sure no one is going to withdraw the whole thing and crash the market.
This person or a group of people gave us something we all value, and this is how you want to express gratitude? By destroying the money or taking it away? And for what, only out of fear that once this money might be withdrawn and make the market bleed? How many whales would panic if such a fork went through? First Satoshi's money, their fund can be the next to go, right? Not to mention the FUD such an event can generate. Some say you can fork whatever you want, just don't expect others to join you. I, however, think that a person who cares about Bitcoin and the market would not go for an idea that can split the community into two once again, making it weaker. A sudden withdrawal of of 1 million (or large gradual withdrawals) should be regarded as an attack on Bitcoin.
Or it should be frozen for now until developers are sure no one is going to withdraw the whole thing and crash the market.
Bitcoin should be forked and Satoshi's 1 million Bitcoin destroyed completely, if he really owns that much.
A sudden withdrawal of of 1 million (or large gradual withdrawals) should be regarded as an attack on Bitcoin.
Or it should be frozen for now until developers are sure no one is going to withdraw the whole thing and crash the market.
A sudden withdrawal of of 1 million (or large gradual withdrawals) should be regarded as an attack on Bitcoin.
Or it should be frozen for now until developers are sure no one is going to withdraw the whole thing and crash the market.
how about start by destroying your own bitcoins to prove how noble your idea is before desiring that other peoples coins should be destroyed
Bitcoin should be forked and Satoshi's 1 million Bitcoin destroyed completely, if he really owns that much.
feel free to create your own fork altcoin from the current bitcoin because nobody ever wants a bitcoin that allows others to spend their coins based on arbitrary reasons they think of.
if we start with coins that you claim are Satoshi's then there is no stopping there. next someone else will come and say let's spend Ucy's coins because i don't like the guy's name. and we must follow that fork too if we follow your fork.
I don't get your point if santoshi that created bitcoin own 1 million and decide to withdrew it at any moment I don't think that will harm the market and even if it does it less of your business because he own the coin and can decides to do what ever he wishes with it. Calling for the lock of his account is a wrong opinion unless the account has been compromised.
Bitcoin should be forked and Satoshi's 1 million Bitcoin destroyed completely, if he really owns that much.
A sudden withdrawal of of 1 million (or large gradual withdrawals) should be regarded as an attack on Bitcoin.
Or it should be frozen for now until developers are sure no one is going to withdraw the whole thing and crash the market.
A sudden withdrawal of of 1 million (or large gradual withdrawals) should be regarded as an attack on Bitcoin.
Or it should be frozen for now until developers are sure no one is going to withdraw the whole thing and crash the market.
Very stupid idea. Apart from the miners, I don't think that anyone else is going to support such a move. If you destroy the 980,000 coins that Satoshi own and redistribute these coins to future mining reward, then all of us will face losses. It will create additional supply of coins to the market and the prices can crash quite heavily. It may trigger a correction, which can last for many years.
I can't say If Satoshi is still around, but I know he is not interested in withdrawing the 1M bitcoin. Even if he chooses to, oh! good, he has every authority to executing the action just as I have an authority to dump my bag of shitty coin when I wish to. People will be glad to buy cheap, I personally will consider it a gift from Satoshi, but he won't do that.
Are you thinking that bitcoin creator is a fool person? A fool person can't create this kind of advanced technology. So how are you thinking that satoshi might withdraw his/her 1 million bitcoin at a time? Why he/she will want to dump his/her created coin? New fork/upgrade will not acceptable by community is it's not done by satoshi himself. So I don't think upgrade is possible without satoshi. And there is no reason to destroy his/her btc. How greedy are you, how you wondering that creators bitcoin should destroy. If other people try to make fork then it will different coin, it would not be bitcoin.
Fork what you like, just don't assume people will naturally want to follow your fork. I suspect anyone who respects property rights will not be following a chain that advocates theft. This topic has come and gone so many times now and yet some people still don't seem to understand the concept of ownership after all these years.
Isn't Dumping 1 million Bitcoins would contribute more to its volatility rather than help us? Because it would hurt us more and ruin the image of Bitcoin. All the developments it have and the acceptance from new people will be gone in just one big dump. You know that 1 Million Bitcoin being sold in the market would create a massive panic selling in which we have never seen before. Be careful on what you wish for because you might not like it in the end as it is really a bad idea
I am totally against this. Satoshi created the coins fair and square. And no Bitcoin does not have a premine. Premine is when blocks are mined before public release. Other people were mining in 2009/2010 at the same time as Satoshi. If you were to accumulate large amounts of coins would you be okay with the network forking to negate your holdings? Lastly this would set a bad presendent for decentralizated networks going foward.
If you will allow that, what would prevent them to do another fork if they see another address accumulating bitcoin? Then bitcoin will be useless because of the endless fork.
Besides, satoshi has the right to own that bitcoin just like you have the right to own the bitcoin you currently possess. Are you turning bitcoin into a government that can freeze or capture your money if they want to?
Besides, satoshi has the right to own that bitcoin just like you have the right to own the bitcoin you currently possess. Are you turning bitcoin into a government that can freeze or capture your money if they want to?
Is it that easy? Then everyone would direct the bitcoins as they wish.
Besides, the amount is the right of Satoshi who created it, and no one has given right to anyone to destroy.
Besides, the amount is the right of Satoshi who created it, and no one has given right to anyone to destroy.
Bitcoin should be forked and Satoshi's 1 million Bitcoin destroyed completely, if he really owns that much.
A sudden withdrawal of of 1 million (or large gradual withdrawals) should be regarded as an attack on Bitcoin.
Or it should be frozen for now until developers are sure no one is going to withdraw the whole thing and crash the market.
A sudden withdrawal of of 1 million (or large gradual withdrawals) should be regarded as an attack on Bitcoin.
Or it should be frozen for now until developers are sure no one is going to withdraw the whole thing and crash the market.
Why Satoshi's million BTC should be destroyed completely and who has the right to do so? Even if he really owns that much, then it is his own right to do everything with it. He created it, he owns it and he has the right to withdraw/sell or even burn it anytime he wish.
You have too wild imagination to destroy what other's have.
People like to complain about altcoins with a premine but bitcoin essentially has a premine as well. Its not like anyone else really even knew about bitcoin back then and those that did weren't really interested.
If people want to fork and block those coins I would be fine with it, it is a community decision after all. If Satoshi really cared about the money he could spend it beforehand, a lot of new investors are scared he will come and dump on the market someday.
If people want to fork and block those coins I would be fine with it, it is a community decision after all. If Satoshi really cared about the money he could spend it beforehand, a lot of new investors are scared he will come and dump on the market someday.
A sudden withdrawal of of 1 million (or large gradual withdrawals) should be regarded as an attack on Bitcoin.
How is withdrawing 1 million BTC an "attack" on bitcoin? It's Satoshi's money. Let him do whatever he wants with his money. He can spend it all on blackjack and hookers and hell do I care how he wants to spend it.
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