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Topic: Satoshi Airdrops 1 Million BTC to the Poor - page 4. (Read 3584 times)

legendary
Activity: 1241
Merit: 1005
..like bright metal on a sullen ground.
February 06, 2016, 09:17:05 AM
#35
Or maybe one day he just "airdrops" his 1 million bitcoins onto all the exchanges, selling them to the "poor" bag holders with buy orders as the price crashes to zero  Grin

Yes - brilliant minded like Satoshi  would exactly do this .....

Well it would go down as one of the greatest long con scams in history. Brilliant part is it'd be perfectly legal.
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
February 06, 2016, 09:16:36 AM
#34
nah, can't see him do such a thing assuming he still has access to his coins. i also wouldn't do it. i hope at some point he can nicely enjoy the value of his coins with some hot girls. Cool

hihi - if those girls are belonging to the poorest and get children & wallets - go ahead!
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
February 06, 2016, 09:14:18 AM
#33
It always amazes me how people give away other people's money so easily.

It's the give a person a fish vs teaching them to fish argument.

Very good bringing up that fish here! I remember some part in the Bible where Jesus gave us some fish for free (correct me if I'm wrong).

But that was only more the hook to get us to believe (worked not bad).

So turn that into Satoshi  & Bitcoin and you need no more help...

 
legendary
Activity: 896
Merit: 1000
February 06, 2016, 09:10:01 AM
#32
nah, can't see him do such a thing assuming he still has access to his coins. i also wouldn't do it. i hope at some point he can nicely enjoy the value of his coins with some hot girls. Cool
sr. member
Activity: 469
Merit: 250
J
February 06, 2016, 09:02:00 AM
#31
It always amazes me how people give away other people's money so easily.

It's the give a person a fish vs teaching them to fish argument.
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
February 06, 2016, 08:53:59 AM
#30
Or maybe one day he just "airdrops" his 1 million bitcoins onto all the exchanges, selling them to the "poor" bag holders with buy orders as the price crashes to zero  Grin

Yes - brilliant minded like Satoshi  would exactly do this .....
legendary
Activity: 1241
Merit: 1005
..like bright metal on a sullen ground.
February 06, 2016, 08:25:17 AM
#29
Or maybe one day he just "airdrops" his 1 million bitcoins onto all the exchanges, selling them to the "poor" bag holders with buy orders as the price crashes to zero  Grin
hero member
Activity: 1395
Merit: 505
February 06, 2016, 08:21:47 AM
#28
Terrible idea - the coins would immediately be converted to fiat and the price would crash.

Would be MUCH better to just destroy the coins by sending them to an address with no known private key. That would benefit the whole community not some random group of "lotto winners". Think about it - why should some random group who have made ZERO investment in BTC benefit from the technology?
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
February 06, 2016, 08:17:29 AM
#27
That is of course great for someone to say who doesn't have over 500k Bitcoins or probably even much at stake. Lets look at the facts shall we? You drop 500+k Bitcoins on the poor then my last few years investing taking risks and saving will be for nothing because the price will be destroyed for both us and the poor.

I am not saying don't help the poor because they need it but how about many give some profits and give the poor the tools to help themselves. The wealth of Bitcoin is obviously in fewer hands than preferable but that is the way of the world, the smart will always end up with more because a lot of the time they work for it.

I'm not thinking of a very plump dump. And yes I was educated same - first work - than pleasure - but I live in a rich env.

But think of the very poorest first (extrem thinking is good). They mostly do not have any 'work' - and normally very poor currency & economic env.
But now with access to internet, they can get a 'start - up' investment for their local (and also global) economy and have a more stable
currency than the local one -> I do not think all is cashed out at once, but rather it will be used as money and you'll see the opposite.

So ideally it should be donated to a handful of regional tribe chaps in order to initiate local usage - not cash out (do not expect an exchange as well).
legendary
Activity: 1946
Merit: 1137
February 06, 2016, 08:06:20 AM
#26
i think it is a great idea and also a grand gesture by satoshi.

but i don't think that now is the time to do it. because as others have pointed out bitcoin market is so fragile and if the movement as big as satoshi's coin movement occurs it is going to create mass panic on top of the sell pressure it creates.
the time is in a couple of years that market is more stable and bitcoin is adopted by more businesses.
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
February 06, 2016, 07:48:50 AM
#25
That's a nice idea and it really would have been something if that was a secret plan with some super secret code but it is highly unlikely.


I like the idea of rar events - read anti fragile from Nassim Taleb.
legendary
Activity: 1078
Merit: 1014
February 06, 2016, 07:41:32 AM
#24
so they can cash out and crash the price? i dont think so
legendary
Activity: 1848
Merit: 1000
February 06, 2016, 07:36:49 AM
#23
That's a nice idea and it really would have been something if that was a secret plan with some super secret code but it is highly unlikely.
legendary
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
February 06, 2016, 07:29:39 AM
#22
That is of course great for someone to say who doesn't have over 500k Bitcoins or probably even much at stake. Lets look at the facts shall we? You drop 500+k Bitcoins on the poor then my last few years investing taking risks and saving will be for nothing because the price will be destroyed for both us and the poor.

I am not saying don't help the poor because they need it but how about many give some profits and give the poor the tools to help themselves. The wealth of Bitcoin is obviously in fewer hands than preferable but that is the way of the world, the smart will always end up with more because a lot of the time they work for it.
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
February 06, 2016, 07:27:11 AM
#21
According to what one of the goals of bitcoin should be - decentralize also the wealth, do you think that's happening?

Maybe based on breaking some threashold by price, marked cap or account number ?

I'd do that :-)

Interesting idea, really Smiley
But, before you decentralize the wealth, you have to decentralize knowledge, technology, provide some normal living conditions to everybody, give education etc.
It's really huge task and I don't think that bitcoin community or even Satoshi can do this.
It's responsibility of others, offline community first.

Thanks - but normally  I found out  ,for most of my ideas, already somebody else had the same before me   .... I hope I'm really late with that idea again and all was nicely planned long time ago  :-)

hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
February 06, 2016, 07:14:30 AM
#20
I think more charities should accept Bitcoin donations so the image of the crypto currency will be connected to good causes and generosity of people. Personally I am more inclined to donate in Bitcoins than in dollars.

I want to see an 'open network' popping up  containing the most down level group leader (proof?) /  real people on it - and their btc address -
I'd just start giving them donations.

Anybody have seen that already ?

-> Having that in the global news .... big 'image-up' thing!

 
legendary
Activity: 3374
Merit: 1824
February 06, 2016, 07:10:27 AM
#19
According to what one of the goals of bitcoin should be - decentralize also the wealth, do you think that's happening?

Maybe based on breaking some threashold by price, marked cap or account number ?

I'd do that :-)

Interesting idea, really Smiley
But, before you decentralize the wealth, you have to decentralize knowledge, technology, provide some normal living conditions to everybody, give education etc.
It's really huge task and I don't think that bitcoin community or even Satoshi can do this.
It's responsibility of others, offline community first.
legendary
Activity: 1358
Merit: 1093
February 06, 2016, 07:08:26 AM
#18
Where have you read that? Or it's just an idea... nice idea though

It just came into my mind since I think of how to make bitcoin decentral in ALL ways, not just mining, node running, accepting,.. - but also holding and sharing the wealth more equally. (Hope I lost nobody here)

So what is needed to accomplish ALL that together is always a big bunch of money. (If lost, got you back here..)

Next step is to look for what thing and who created it came most closest to that ALL ?

> Bitcoin & Satoshi

Ok - who might have the money to do final missing step ?

>

nice idea... however I'm not 100% sure that's the scope those are not spent yet... we don't really know who Satoshi is
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
February 06, 2016, 07:04:01 AM
#17
Where have you read that? Or it's just an idea... nice idea though

It just came into my mind since I think of how to make bitcoin decentral in ALL ways, not just mining, node running, accepting,.. - but also holding and sharing the wealth more equally. (Hope I lost nobody here)

So what is needed to accomplish ALL that together is always a big bunch of money. (If lost, got you back here..)

Next step is to look for what thing and who created it came most closest to that ALL ?

> Bitcoin & Satoshi

Ok - who might have the money to do final missing step ?

>
sr. member
Activity: 350
Merit: 251
Shit, did I leave the stove on?
February 06, 2016, 06:56:41 AM
#16
I think more charities should accept Bitcoin donations so the image of the crypto currency will be connected to good causes and generosity of people. Personally I am more inclined to donate in Bitcoins than in dollars.
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