Topic: Should Satoshi's coins be deleted? - page 2. (Read 5157 times)

I voted NO they should not be deleted and to be honest just asking whether they should makes me think you shouldn't be in bitcoin, who in their right mind would even consider deleting the creators coins if they could!? It is crazy talk along the lines of should the blockchain get deleted and everything else that has followed from his hard work.

Saying that I did see some fud the other week or maybe it was truth but basically fud because they won't achieve some chinese guys trying to steal his private keys. It looks like satoshi has no plans on spending the bitcoin or he would have within this time so I really don't see what the deal is it is not like he could not have dumped at the peak, he is anonymous enough afterall.

With Bitcoin you can always mix your coins, with Monero you cant know if a double spending bug happens due to the non transparent ledger.

I honestly think Satoshi considers doing all sorts of things with his coins, but doing nothing with them is the best option he can come up with. I bet he often considers distributing most of his coins amongst the community, but after 3 seconds looking at the main page here at bitcointalk, he thinks to himself "Why would I give my coins to these retards?" honestly, he sits there looking at his baby, watching it roll around in its own filth, and thinks "....nope..."

now, those coins can not be deleted by an external force, only the holder of the private keys can do that. If you or I or the bitcoin foundation, or Gavin, or anybody other than satoshi had the power to delete someone else's coins, bitcoin would be finished instantly and could never be saved.

Instead of "deleting" them, you could transfer them to a burn address if 51% of the mining power would accept a normally invalid transaction.

Deleting coins doesn't make sense. Thinking like this would only mean that OP has no clue how the blockchain work.
To effectively delete them, it would mean the history since the deletion of the coins would be lost, in other world complete nonsense.

You are asking whether the community should take away money from someone, because "we" don't like the fact that he/she has more money than us. If this would be the norm, there would be only the developer team using Bitcoin.

Erm, how can Satoshis coins be deleted?
If that was possible then the Gox stolen coins should be deleted too.

There shouldn't be any coin deletion, instead they should be sent to the address in my profile 

No, they can not. There is no way to delete Bitcoin in Bitcoin Blockchain.

No,It's a part of a history and can be deleted. I don't If satoshi, how he will delete all bitcoins in an instance?

If Satoshi even moved a single BTC, everyone would then know that he really still controlled his coins(!) That would potentially cause quite a panic since we couldn't be sure that he isn't dumping all his coins using the nearest exchange. Also, it might reveal his identity or at least confirm he's still active!

If you feel compelled to ask such a stupid question, you don't understand Bitcoin...

Lol, Bitcoin fungibility = Fail, thats why i trust Monero more

well before ansering your question let me ask you that can you edit the codes or can you edit a satoshi coin...or anyone can?.
I won't think anyone can.so , when anyone cannot edit it so how can amyone can delete(exiclute) it

Sure, cause nothing says thank you for such a kick ass invention like 'fuck you'

that's fucking absurd.

Before we ever thought of that, first thing first can we really identify all the coins that belong to satoshi. Having done that, we can't just ignore or delete part of the blocks that hold the coin. If we can do that, does that mean we can do the same for the rest of the coin if the need calls for? And again how is that even possible? These are things we need to consider before we engage  this discussion.

again it's not 21%, he is holding at best 2M, since when 2M is 21% of 21M? it's not even 10% let alone 21...learn to do math first

anyway i do believe that satoshi's coins should be distributed among 1-2M people, 1 btc each, better if those people are not holding any btc(but it would be hard to prove...)

who holds 21%?

I think it hampers adoption...no government is going to be cool with a currency where 1 person holds 21%

Nope.  Satoshi's coins should not be deleted.

If he never touches or moves them again, they're considered lost coins.  Scarcity is a built in attribute of Bitcoin.  If somehow finally proven lost, BOOM, everyone else's coins gains in value.

No, but i wonder what satoshi can or will do with it. There was a statement from him that one never should delete a wallet, so most probably he hasnt too. So that leaves where will he give the coins to. If he dies and his childs get them there is a chance they will bring bitcoin down. He would never risk this.

So the only other solution would be that he now, after he made this big change, can bring the next big change. Maybe he waits for the price of those coins to rise in order to match his plans.

What i think about are that he can give power to certain groups that he thinks of are worthy to support. Libertarians, humanitarians or something like an organization that could be a worldwide, free and really democratic government. Depending on the amount of worth his bitcoins could be a real power at some point.

Thats the only solution for the coins that i see. He cant risk much there.

Of course that only valid as long as he didnt mine to a bogus address.

Saying that... does anyone believe that the NSA didnt have enough data about all his work to identify him long ago? Even when they only found out about it later, they have huge data storages. So i think its unlikely that the NSA doesnt know who he is.

So it might be that this wealth is in the wrong hands since a long time already. And i dont want to speculate what they will do with it.