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Topic: Satoshi Airdrops 1 Million BTC to the Poor - page 5. (Read 3584 times)

hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
February 06, 2016, 06:48:39 AM
#15
The idea of giving away bitcoin to mass to make the rich is the most dumbest I have ever heard.You will only devaluate bitcoin making it useless

Hm - just depends on HOW (I could think of very clever logics here, despite I'm not Satoshi) it's done - and I guess price reaction will be short termed and could also be part of the logic to e.g. REMOVE some volatility...


the magnitude of the effect on price would depend on the amount spread which you have in mind. but how many poor are we talking about or how much bitcoin per person?

the only possible way that can be good and effective in my opinion is donation to a "charitable organization". i have seen a couple of them in DogeCoin community but never seen any in btc.

I'm just trying to really think decentral - so an 'organization' is only good, if it's on the very low level, say a leader of a very small group / village in e.g. Bangladesh or so - because that 'small' guy feels really responsible for his few poor people next door and no overhead costs are spent at all.
legendary
Activity: 3472
Merit: 10611
February 06, 2016, 06:39:54 AM
#14
The idea of giving away bitcoin to mass to make the rich is the most dumbest I have ever heard.You will only devaluate bitcoin making it useless

Hm - just depends on HOW (I could think of very clever logics here, despite I'm not Satoshi) it's done - and I guess price reaction will be short termed and could also be part of the logic to e.g. REMOVE some volatility...


the magnitude of the effect on price would depend on the amount spread which you have in mind. but how many poor are we talking about or how much bitcoin per person?

the only possible way that can be good and effective in my opinion is donation to a "charitable organization". i have seen a couple of them in DogeCoin community but never seen any in btc.
legendary
Activity: 2310
Merit: 1422
February 06, 2016, 06:30:23 AM
#13
BTC are not free coupons or free money. Anyone of us earned them one way or another in different ways and I think that's okay. Nothing like this should ever be free, it needs to be earned. That is the way of having a fair distribution.
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
February 06, 2016, 06:25:27 AM
#12
The idea of giving away bitcoin to mass to make the rich is the most dumbest I have ever heard.You will only devaluate bitcoin making it useless

Hm - just depends on HOW (I could think of very clever logics here, despite I'm not Satoshi) it's done - and I guess price reaction will be short termed and could also be part of the logic to e.g. REMOVE some volatility...
legendary
Activity: 2688
Merit: 1026
Hire me for Bounty Management
February 06, 2016, 06:06:41 AM
#11
The idea of giving away bitcoin to mass to make the rich is the most dumbest I have ever heard.You will only devaluate bitcoin making it useless
legendary
Activity: 3472
Merit: 10611
February 06, 2016, 06:02:38 AM
#10
there is going to be a lot of problems with that.

i am assuming you are talking about satoshi spreading his "bitcoins" among poor people and not "cash". in that case it is going to wreck the market and the price of bitcoin is going to fall so hard, making bitcoin nearly worthless.

why? because those people can not do anything with the bitcoins they receive, like paying rent, buying necessary stuff for their living, etc so they would convert those bitcoins they have received for free to fiat, in other words a massive amounts of sell orders on the market (supply) which will push the price down to oblivion!
legendary
Activity: 3248
Merit: 1070
February 06, 2016, 05:54:36 AM
#9
recent analysis show that satoshi might hold a considerable less amount of coin, around only 200k

the 1M coins was an overestimation, so your idea might have a less impact
sr. member
Activity: 532
Merit: 253
February 06, 2016, 05:33:36 AM
#8
this would be great, but think that anyone of us can help people sending some satoshi, of course satoshi have a lot of money, but in my opion he is dead or maybe he lost his private keys Grin
legendary
Activity: 1358
Merit: 1093
February 06, 2016, 05:20:24 AM
#7
Where have you read that? Or it's just an idea... nice idea though
legendary
Activity: 1596
Merit: 1011
February 06, 2016, 05:02:45 AM
#6
Satoshi has unfortunatly disappeared from the circulation, so he won't be able to do so.
where you assume that satoshi disappear?
copper member
Activity: 1498
Merit: 1528
No I dont escrow anymore.
February 06, 2016, 04:59:43 AM
#5
According to what one of the goals of bitcoin should be - decentralize also the wealth, do you think that's happening?

Where did you get that idea from?

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

I'd do that :-)

Why wait? You can give to the poor now.
hero member
Activity: 756
Merit: 502
February 06, 2016, 04:29:20 AM
#4
Satoshi has unfortunatly disappeared from the circulation, so he won't be able to do so.

I see no reason why he might be back just for that particular reason (and also for fixing scalability) ....

Furhter he might have coded sth (some external wallet script) just to do automatically?

No I don't think something has been coded to process this automatically. If something like that ever happen it will happen here, on Bitcointalk.
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
February 06, 2016, 04:27:56 AM
#3
Satoshi has unfortunatly disappeared from the circulation, so he won't be able to do so.

I see no reason why he might be back just for that particular reason (and also for fixing scalability) ....

Furhter he might have coded sth (some external wallet script) just to do automatically?
hero member
Activity: 756
Merit: 502
February 06, 2016, 04:22:58 AM
#2
Satoshi has unfortunatly disappeared from the circulation, so he won't be able to do so.
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
February 06, 2016, 04:21:13 AM
#1
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 :-)
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