Topic: Satoshi Nakamoto, here's an idea for you (if you are still out there): - page 2. (Read 537 times)

Or many recipients will immediately just use the Bitcoin to be converted to real cash that they can use to buy foods and even vices like vodka, cigarettes and even hiring a paid entertainer (just assuming lol). Real adoption can be more complex than just giving Bitcoin for free, of course people will be willing to accept those with a gleeful heart but we know that actually giving money will not solve the poverty crisis still affecting many countries. Doing something like this can be making Bitcoin the biggest charitable effort ever. I am sure though that Satoshi Nakamoto is not interested with this idea.

How (else) could somebody enroll for an airdrop if he doesn't know what Bitcoin is?
How (else) could you prohibit one person from applying multiple times for the money?
You'd need KYC and probably government help too for it. Good luck with that.
Also what will happen with the coins of so many people who still never used internet?!
Also how about the tx fees?

It's a logistics nightmare with no benefit.

As said, the idea has far too many flaws.

core devs dont even want to give us bitcoin 1.0
we are currently at 0.18.x meaning if 0.18 is 10 years they wanna play around and stiffle and limit bitcoin for over 50 years before bitcoin 1.0

the good(sarc) old core conservative politicians need to be sacked and get some programmers to be programmers.

We should thank CRYPTORALF for his proposal. So we have been able see the limits of Bitcoin.

Size:Duration:

Maybe we need Bitcoin 2.0.

No one actually knows, but it's quite possible he owns more than 1 million too. We just assume that the first two years of mining were all his, but he was around long enough to see GPU mining just get started. He could have kept mining and just moving those coins after to make them blend with the rest of the crowd. He didn't need to sell them, just keep moving them every few days or weeks or months, and since they moved, those coins would be "invisible" to everyone else just watching the original unmoved coins.

Estimated. Which is why I said "Who's to say". No one actually knows, but I suspect it is far less than the 1 million coins figure that is bandied about.

I think you are grossly underestimating how much people value their time. The vast majority of people with no interest in bitcoin aren't going to spend an evening figuring out how to open a wallet just for the promise of a single dollar which they won't know how to spend or convert to fiat.

The day the satoshi account reactivates and start asking for people to send their KYC documents is the day we know that one of the forum admins has been compromised.

Your idea is weird and focused more on.. let's just say, focused only on going upward or forward. What you are aiming is the positive aspects of having every human being gets a single 10k sats each. I am not against of you focusing only the bright side but you must think also the negative side effect of massive sending of 10k sats to every person on this planet. I don't know if how many days, months or years before that 10k sats finish sending based on the current version of bitcoin today. I think even the genius people will still have a problem of making it to come true.

Could use batching, would fit a lot of addresses in a single transaction. But still wouldn't be able to send to 7 billion addresses, not unless there is some sort of massive second and/or third layer solution already.

Would there be a solution to achieve this without KYC?

I kinda do see your knowledge here with giving people free money, people getting free crypto would be people that are interested and such a huge event and some free funds might help with the decision.

The biggest problem here is privacy, even if it was Satoshi who created a KYC portal, Bitcoin's purest concepts are based on privacy and the creator just asking for your ID isn't the best gateway into crypto-currencies.

For KYC, someone will end up with your information, either a company working with Satoshi or himself, and I doubt newcomers would give away their ID for a couple cents.

thanks for all the serious responses and pointing out the many flaws in my thinking (privacy issues, transaction speed, etc.).
for those saying something blunt along the line of "useless idea": don't be a smartass. there's nothing like a useless idea. rather use this "useless idea" to present a better one (that will help to adopt cryptocurrencies globally).

one person wan't even be satisfied with 100,000 BTC, i don't think a kid will ever be satisfied with 10K satoshi. satoshi had become a hero already. he will be curse for giving out just 10k satoshi to everyone. he'd rather stay undisturbed right now just chilling where ever he may be.  for all humans who wants to have 10k satoshis in the btc wallet, there are more altcoins than BTC, i'm sure you can get more than 10k satoshi out of the altcoins you can gather by joining campaigns.

I think the OP idea is to be viewed more like an inspiration for the community to contribute to the adoption of Bitcoin. If every man on this world would have been announced that they have received soemthing for free, they would definitely at least check it out and see what it is about. This way I'm sure at least a part of them would find Bitcoin and the blockchain technology revolutionary and try to accumulate as much as possible.

The idea is a good one as people would get interested and open up a bitcoin wallet just to get an airdrop of about a dollar. Everyone loves free money.
And as they get used to using bitcoin and have an idea about it's future, it would certainly increase the adoption.
But I don't think that would even be possible for a coin as decentralized as bitcoin. Even satoshi can't force anyone to go through it unless we have a huge consensus.

If more people own Satoshi, it's more valuable for merchants, product developers, etc. to enter the market. Don't you think?

How do send 10,000 satoshi to everyone who lives on earth? your idea doesn't make sense to a genius like satoshi. Rather than hoping is better provide the technological development that he created. From my point of view the blockchain still has many weaknesses, we can say the fee is expensive because the value is also expensive. how do we create a P2P platform with some benefits inside, such as creating private network.

10k=0.00010000
10thousand people=1btc
10bill people=1mill btc .. so ya i can undrestand the maths of 'why 10k'

but here is a few issues
1. btc is limited to 600k transactions a day
not due to technical limitations, but core dev politics
even if he moved the funds just once. it would take 16thousand days(45 years) just to move the funds once to individual keys
and thats without accounting for regular use by people moving funds around
thats 90 years total. once to claim(45). once to spend(45)

2.linking addresses to personal details / identity...
lets forget the privacy/anonimity argument as that in itself is self explanitory a bad idea. but have you ever heard of proxy voting,  identity theft, fake ID... you know where someone else claims to be someone for gain..
yes it happens if people were told they were getting free funds and all they had to do is supply an ID. scammers would be rich

3. satoshis funds are not stored on some single key, they are distiributed on ~20,000 keys spread over 2 years of using bitcoin. so dont even bother thinking he will just spend all the coins in one go. infact with people knowing they only have 1 chance in 45 years to spend the funds with the current core limitations inplace. people are more then likely to cause a price stampede to sell as quickly as they can before the price tanks too much

4. and after the mass sell off. then what. 90 years have passed where the only purpose of btc was to sell it for pennies to gain just a little bit of fiat. yes i said pennies because the flood of coins would just end up in the hands of corporate exchanges that have peoples ID's
and even when people think they have gained some fiat. the corporate exchanges will send that info to tax offices and them people will end up paying tax on it. thus end up in many cases worse than when they started

sorry but this topic has too many flaws.

That is a pretty useless idea. Those 10K sats that will be distributed will not be put in good use and worse, will be included in the statistics for lost bitcoin because owners will probably not care about what they received and will lose the private keys eventually. And the idea of having a worldwide KYC is very frightening.


I think he does. It is estimated that he owns 980K bitcoins.

That's 750,000 BTC. Who's to say Satoshi even owns that much BTC, and if he does, why should he give it all away for nothing? Why don't you lead by example and convert all your money to BTC and give it away too?

A global KYC database? Not only is that completely against the very principles bitcoin was founded on, I am struggling to think of something which would be a bigger target for both hackers and governments to break in to.

Satoshi is already firmly in the history books, no worries there.

It wouldn't. 10,000 sats is less than a single dollar. All this would achieve (if it was even achievable, which it isn't) is create billions of useless transactions and dust outputs which would have to be consolidated, and clog the mempool to high heaven.

You know what would most likely happen if Satoshi does do this(assuming 2nd/3rd layer solutions are ready)? Yep, majority would simply just see free money and dump the sats they received for filthy fiat once the 10k sats reaches a point of it actually being worth a significant amount for them to actually spend some time in learning how to sell it. It probably could help in theory, but it's really not something significant in my opinion.