Topic: Should Satoshi's coins be deleted? - page 5. (Read 5211 times)
I vote.. NO. No way they could know it would have any value at all.
Bitcoin is a real cryptocurrency, it doesn't get deleted or just disappear one day. Unlike Gridcoin, which just swapped to a new blockchain and screwed everyone who didn't hear about the swap in time. If you own bitcoins, you can keep them for years and not worry about them going anywhere.
If so, we should first delete central bank's fiat money, currently they are holding more than 80% of USD in existence. If they dump all those USDs then USD's value will crash to single satoshi 
so imposibble to make like that, otherwise if all bitcoin adopter sell all the coin, the value of BTC will be crash to USD 
If so, we should first delete central bank's fiat money, currently they are holding more than 80% of USD in existence. If they dump all those USDs then USD's value will crash to single satoshi
A) there isn't
B) why should that even be contemplated?
c) if it were possible, then shouldn't we delete yours as well?
Really, what is the point of such a question???
B) why should that even be contemplated?
c) if it were possible, then shouldn't we delete yours as well?
Really, what is the point of such a question???
I think it is clear from the poll that only a small number of loosers would go with the fork with the deleted coins.
My vote is no for this, let Satoshi have his Bitcoins which he deserves every bit of it, maybe he will be back later and use his coins, and on a realistic point of view it is not possible for you to get 51% miners throughout the world to your side and hardfork it.
Why do you want to do this? seriously, what vendetta do you have against Satoshi, let him have his Bitcoins, how will it be if i just deleted your Bitcoins lol, let Satoshi have what is his.
That's just a bunch of FUD.
There was NO "instamine" in bitcoin. Saying so is simply a fear tactic from those that want to convince others not to trust bitcoin.
There is no clear answer as to exactly how many bitcoins Satoshi has mined. Any number you've heard is nothing more than an educated guess. The most likely estimates I've seen are somewhere around 1 million. Even if he actually has control over 1 million bitcoins, that's only 7.1% of the bitcoins that have been mined so far (and only 4.8% of all the bitcoins that will ever be mined). In order to have 21% "instamine", he'd have to have control over nearly 4.5 million bitcoins. I haven't seen any analysis that would lead to such a ridiculous claim.
Yeah, there's no such thing as an "insta-mine". Every bitcoin was minted with an algorithm, that's what "proof of work" is all about. I think people get really riled up that Satoshi could "make magic money out of thin air" but they don't realize it's their own greed doing the talking for them, that Satoshi didn't sprinkle-dust some money for them, too.There was NO "instamine" in bitcoin. Saying so is simply a fear tactic from those that want to convince others not to trust bitcoin.
There is no clear answer as to exactly how many bitcoins Satoshi has mined. Any number you've heard is nothing more than an educated guess. The most likely estimates I've seen are somewhere around 1 million. Even if he actually has control over 1 million bitcoins, that's only 7.1% of the bitcoins that have been mined so far (and only 4.8% of all the bitcoins that will ever be mined). In order to have 21% "instamine", he'd have to have control over nearly 4.5 million bitcoins. I haven't seen any analysis that would lead to such a ridiculous claim.
If we were to delete his coins that would look bad because it would show that the developers could effectively make someone go from rich to broke.
Satoshi's coins shouldn't be touched and this discussion should be ended forever.
LOL. I know what I'm talking about. Trust me.
Babling about instamine is quite stupid thing as in that time there were very few ppl to mine and keep the blockchain running.
That's just a bunch of FUD.
There was NO "instamine" in bitcoin. Saying so is simply a fear tactic from those that want to convince others not to trust bitcoin.
There is no clear answer as to exactly how many bitcoins Satoshi has mined. Any number you've heard is nothing more than an educated guess. The most likely estimates I've seen are somewhere around 1 million. Even if he actually has control over 1 million bitcoins, that's only 7.1% of the bitcoins that have been mined so far (and only 4.8% of all the bitcoins that will ever be mined). In order to have 21% "instamine", he'd have to have control over nearly 4.5 million bitcoins. I haven't seen any analysis that would lead to such a ridiculous claim.
Yeah, there's no such thing as an "insta-mine". Every bitcoin was minted with an algorithm, that's what "proof of work" is all about. I think people get really riled up that Satoshi could "make magic money out of thin air" but they don't realize it's their own greed doing the talking for them, that Satoshi didn't sprinkle-dust some money for them, too.There was NO "instamine" in bitcoin. Saying so is simply a fear tactic from those that want to convince others not to trust bitcoin.
There is no clear answer as to exactly how many bitcoins Satoshi has mined. Any number you've heard is nothing more than an educated guess. The most likely estimates I've seen are somewhere around 1 million. Even if he actually has control over 1 million bitcoins, that's only 7.1% of the bitcoins that have been mined so far (and only 4.8% of all the bitcoins that will ever be mined). In order to have 21% "instamine", he'd have to have control over nearly 4.5 million bitcoins. I haven't seen any analysis that would lead to such a ridiculous claim.
If we were to delete his coins that would look bad because it would show that the developers could effectively make someone go from rich to broke.
Satoshi's coins shouldn't be touched and this discussion should be ended forever.
I think yes, a 21% instamine is ridiculous. It gives a bad name to BTC.
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That's just a bunch of FUD.
There was NO "instamine" in bitcoin. Saying so is simply a fear tactic from those that want to convince others not to trust bitcoin.
There is no clear answer as to exactly how many bitcoins Satoshi has mined. Any number you've heard is nothing more than an educated guess. The most likely estimates I've seen are somewhere around 1 million. Even if he actually has control over 1 million bitcoins, that's only 7.1% of the bitcoins that have been mined so far (and only 4.8% of all the bitcoins that will ever be mined). In order to have 21% "instamine", he'd have to have control over nearly 4.5 million bitcoins. I haven't seen any analysis that would lead to such a ridiculous claim.
Yeah, there's no such thing as an "insta-mine". Every bitcoin was minted with an algorithm, that's what "proof of work" is all about. I think people get really riled up that Satoshi could "make magic money out of thin air" but they don't realize it's their own greed doing the talking for them, that Satoshi didn't sprinkle-dust some money for them, too.
I think yes, a 21% instamine is ridiculous. It gives a bad name to BTC.
I would want to give them to Mark Zuckerberg and have him distribute them on facebook.
/s
I think yes, a 21% instamine is ridiculous. It gives a bad name to BTC.
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That's just a bunch of FUD.
There was NO "instamine" in bitcoin. Saying so is simply a fear tactic from those that want to convince others not to trust bitcoin.
There is no clear answer as to exactly how many bitcoins Satoshi has mined. Any number you've heard is nothing more than an educated guess. The most likely estimates I've seen are somewhere around 1 million. Even if he actually has control over 1 million bitcoins, that's only 7.1% of the bitcoins that have been mined so far (and only 4.8% of all the bitcoins that will ever be mined). In order to have 21% "instamine", he'd have to have control over nearly 4.5 million bitcoins. I haven't seen any analysis that would lead to such a ridiculous claim.
I think yes, a 21% instamine is ridiculous. It gives a bad name to BTC.
I would want to give them to Mark Zuckerberg and have him distribute them on facebook.
I thought "Satoshi's coins" were unspendable even if he A) was still alive B) had the original wallet.
Only the 50 BTC from the genesis block are unspendable. Considering that Satoshi mined several blocks there should be plenty more available.
no we cannt delete them as because we don't even know how to make them....after so many years also we are unable to know that how to make a bitcoin we just know that these are minable and we can mine it from the network with the help of a power consuming box called mining riges
If there was a way to get rid of satoshi's coins. Should they be deleted?
Good luck, champ.
LOL. OP is a troll. Imagine how public would perceive this: all the Bitcoiners gang-up and delete Satoshi's bitcoins. Thus the 51% attack took effect. Thus Bitcoin failed. Satoshi wasn't Julius Caesar, but Brutus and his gang sure stabbed him in the back to death. Y'know, that's at least how it would be perceived.
But, to be technical, OF COURSE it can be done. It's binary data in the end. Doesn't mean it will look good for Bitcoin in the big picture.
But, to be technical, OF COURSE it can be done. It's binary data in the end. Doesn't mean it will look good for Bitcoin in the big picture.
I thought "Satoshi's coins" were unspendable even if he A) was still alive B) had the original wallet.
Only the 50 BTC from the genesis block are unspendable. Considering that Satoshi mined several blocks there should be plenty more available.
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