I lost most my BTC in 2012. You don't here me crying about it. Man up Gollum and move on (BTC is here to stay).
Please also send unwanted BTC to 18UiYvAQ62U2t8oJKyMu2py9D2egvBNChM
The MTGox business was unfortunate, however I saw it coming.
Topic: Should we start New Bitcoin? - page 2. (Read 4482 times)
The reason for starting a new bitcoin is simple:
We can assume that 50% of all bitcoins mined are either held by wrong persons, or are lost.
A lot of people are burned by the MtGox theft, therefore they have nothing to lose on switching to a new coin.
If we start to use a new coin the miners can use their hardware to switch over as well, and effectively abandoning Old Bitcoin.
The value of Old Bitcoin will drop to zero which will punish preminers, thieves and FBI.
Bitcoin holders that will be punished most:
FBI: 10%
Satoshi: 10%
Thieves (from MtGox and other sites): 20%
Lost coins: 10%
Total = 50%
We can assume that 50% of all bitcoins mined are either held by wrong persons, or are lost.
A lot of people are burned by the MtGox theft, therefore they have nothing to lose on switching to a new coin.
If we start to use a new coin the miners can use their hardware to switch over as well, and effectively abandoning Old Bitcoin.
The value of Old Bitcoin will drop to zero which will punish preminers, thieves and FBI.
Bitcoin holders that will be punished most:
FBI: 10%
Satoshi: 10%
Thieves (from MtGox and other sites): 20%
Lost coins: 10%
Total = 50%
I'll give you this: you're sincere and you do have an eye for the downsides in the Bitcoin system [which, to remind everyone, was started off as a "Proof of Concept."]
But, you're trying to put the genie back into the bottle. What any cyber has going for it is the network effect, and Bitcoin's towers above any other cyber. I don't mean to deflate your dream, but you'd have about as much luck starting a "new eBay" with lower final value fees or a "new Paypal" with less choplogicy fraud-prevention algorithms. Many have tried; none prevailed.
Had you implemented this idea in 2010, it would have had a fighting chance. Not to mention instigated a blood feud that would be the stuff of legends now
Most bitcoiners are like fanatical religious people, they cannot accept anyone criticizing bitcoin.
I wish there wasnt a need to abandon the old bitcoin, but when so many coins are in wrong hands, I dont see any incentive for guys like me to stay on this ship instead of jumping on a better alt-coin.
The reason for starting a new bitcoin is simple:
We can assume that 50% of all bitcoins mined are either held by wrong persons, or are lost.
A lot of people are burned by the MtGox theft, therefore they have nothing to lose on switching to a new coin.
If we start to use a new coin the miners can use their hardware to switch over as well, and effectively abandoning Old Bitcoin.
The value of Old Bitcoin will drop to zero which will punish preminers, thieves and FBI.
Bitcoin holders that will be punished most:
FBI: 10%
Satoshi: 10%
Thieves (from MtGox and other sites): 20%
Lost coins: 10%
Total = 50%
We can assume that 50% of all bitcoins mined are either held by wrong persons, or are lost.
A lot of people are burned by the MtGox theft, therefore they have nothing to lose on switching to a new coin.
If we start to use a new coin the miners can use their hardware to switch over as well, and effectively abandoning Old Bitcoin.
The value of Old Bitcoin will drop to zero which will punish preminers, thieves and FBI.
Bitcoin holders that will be punished most:
FBI: 10%
Satoshi: 10%
Thieves (from MtGox and other sites): 20%
Lost coins: 10%
Total = 50%
I'll give you this: you're sincere and you do have an eye for the downsides in the Bitcoin system [which, to remind everyone, was started off as a "Proof of Concept."]
But, you're trying to put the genie back into the bottle. What any cyber has going for it is the network effect, and Bitcoin's towers above any other cyber. I don't mean to deflate your dream, but you'd have about as much luck starting a "new eBay" with lower final value fees or a "new Paypal" with less choplogicy fraud-prevention algorithms. Many have tried; none prevailed.
Had you implemented this idea in 2010, it would have had a fighting chance. Not to mention instigated a blood feud that would be the stuff of legends now
You don't like Bitcoin, I say switch to Nxt, after all it's 800 times more cost efficient and 3000 more energy efficient due to proof of stake, not to mention having many other services built on top of it, which will allow the coin to basically be sent around with practically zero transaction fees, and the forgers will be paid via people using the Nxt messaging service, decentralized computing, and other services. Not to mention anyone can forge, there is no incentive to buy heavy duty equipment that can be used to mine Bitcoin and is good for absolutely nothing other than mining Bitcoin.
http://www.nxtcrypto.org/
http://www.nxtcrypto.org/
+1. Yes NXT is great
+2
++
I'm totally on board with a New Bitcoin. Old Bitcoin is too corrupted.
In case you're also tired of the current Bitcoin we have, then send me your Bitcoin to this address: 1MYpNKj25HRBFpv22YpuZsuz2zZHKBLUur
I'll collect all the Bitcoin and change the password to my wallet to a random set of numbers while being blindfolded, thereby losing all current Bitcoin forever.
Send to here: 1MYpNKj25HRBFpv22YpuZsuz2zZHKBLUur
In case you're also tired of the current Bitcoin we have, then send me your Bitcoin to this address: 1MYpNKj25HRBFpv22YpuZsuz2zZHKBLUur
I'll collect all the Bitcoin and change the password to my wallet to a random set of numbers while being blindfolded, thereby losing all current Bitcoin forever.
Send to here: 1MYpNKj25HRBFpv22YpuZsuz2zZHKBLUur
No!
I can rescue what he will throw away.
The reason for starting a new bitcoin is simple...
Simply wrong, and enough people know that.
You want to destroy all BTC forever, why?
So most coins in circulation are held by thieves, oligarchs and .gov.
Therefore we don't have anything to lose by voting with our feet and go over to a new coin.
New Bitcoins are started every day.
Can we create a new, successful, Bitcoin... only if the majority agree with your beliefs.
My argument for a new bitcoin is simple: Most people has lost bitcoin due theft or data loss, or missed the boat.Can we create a new, successful, Bitcoin... only if the majority agree with your beliefs.
So most coins in circulation are held by thieves, oligarchs and .gov.
Therefore we don't have anything to lose by voting with our feet and go over to a new coin.
I can understand why some people think thieves (eg. hackers, FBI, fraudsters, etc) deserve to be punished but why punish Satoshi? Without him, neither Bitcoin nor altcoins would exist.
I agree.
Whoever Satoshi is, he gave us new coin world. Without him we might not have cryptocurrencies until now.
I can understand why some people think thieves (eg. hackers, FBI, fraudsters, etc) deserve to be punished but why punish Satoshi? Without him, neither Bitcoin nor altcoins would exist.
Promoting NXT in Bitcoin discussion, smart.
The point wasn't to spam and promote an altcoin but to tell that there are many innovative altcoins that have the potential to replace Bitcoin. Even if the name isn't Bitcoin 2.0 it goal is to replace Bitcoin by providing a "better" technology and fixing some flaws of Bitcoin.
No cryptocurrency is perfect but you are not forced to use one or an other. It is the choice of everyone.
bitcoin is bitcoin.. thats what its for.. no take backs.. no indian givers.. you wanna sell drugs.. guns.. or even uproot fiat.. i dont care... thats why bitcoin was created. if you're a damn fool and dont follow the protocol then you deserve to be robbed.. ie.. hold coins in our own wallets and dont let greed take over by trusting your coins to someone else (it says so right when you download bitcoin client !!! DONT TRUST OTHERS WITH YOUR COIN)
The reason for starting a new bitcoin is simple:
We can assume that 50% of all bitcoins mined are either held by wrong persons, or are lost.
A lot of people are burned by the MtGox theft, therefore they have nothing to lose on switching to a new coin.
If we start to use a new coin the miners can use their hardware to switch over as well, and effectively abandoning Old Bitcoin.
The value of Old Bitcoin will drop to zero which will punish preminers, thieves and FBI.
Bitcoin holders that will be punished most:
FBI: 10%
Satoshi: 10%
Thieves (from MtGox and other sites): 20%
Lost coins: 10%
Total = 50%
We can assume that 50% of all bitcoins mined are either held by wrong persons, or are lost.
A lot of people are burned by the MtGox theft, therefore they have nothing to lose on switching to a new coin.
If we start to use a new coin the miners can use their hardware to switch over as well, and effectively abandoning Old Bitcoin.
The value of Old Bitcoin will drop to zero which will punish preminers, thieves and FBI.
Bitcoin holders that will be punished most:
FBI: 10%
Satoshi: 10%
Thieves (from MtGox and other sites): 20%
Lost coins: 10%
Total = 50%
been done. see bytecoin.
I remember listening to the hearings on Bitcoin in the US Congress. The "experts" that were speaking in front of the House were suggesting that a coin derived off of some of the innovative features of Bitcoin could be used to replace the current system. That probably means that they are talking about a centralized coin, which most of the people here who currently support Bitcoin would not want to be a part of. There are plenty of new "Bitcoins" started everyday and they are pretty much mostly useless and very cloneish. If you can come up with unique features that actually add something not thought of before and innovative, then starting a new Bitcoin might be a good idea.
I know, there exists 100+ altcoins.The Old Bitcoin has been a wild west and many have been burned since it's inception, both noobs and early adaptors.
Therefore the burned users have incentive to jump on a new bitcoin-clone from scratch without premined coins, and be part of it from day 1 and with all experience they now have gained by MtGox. If many users and miners do switch over to New Bitcoin (by free will), the Old Bitcoin will fade away.
The mythical Satoshi figure holding 10% of all bitcoins should be enough as argument why we should let Old Bitcoin die.
Abandoning Old Bitcoin would of course be much easier to justify if the dollar value of Old Bitcoin was in millions instead of billions.
I remember listening to the hearings on Bitcoin in the US Congress. The "experts" that were speaking in front of the House were suggesting that a coin derived off of some of the innovative features of Bitcoin could be used to replace the current system. That probably means that they are talking about a centralized coin, which most of the people here who currently support Bitcoin would not want to be a part of. There are plenty of new "Bitcoins" started everyday and they are pretty much mostly useless and very cloneish. If you can come up with unique features that actually add something not thought of before and innovative, then starting a new Bitcoin might be a good idea.
Code:
*Insert random, pointless text about an altcoin here*
+1. Yes NXT is great
+2
You don't like Bitcoin, I say switch to Nxt, after all it's 800 times more cost efficient and 3000 more energy efficient due to proof of stake, not to mention having many other services built on top of it, which will allow the coin to basically be sent around with practically zero transaction fees, and the forgers will be paid via people using the Nxt messaging service, decentralized computing, and other services. Not to mention anyone can forge, there is no incentive to buy heavy duty equipment that can be used to mine Bitcoin and is good for absolutely nothing other than mining Bitcoin.
http://www.nxtcrypto.org/
http://www.nxtcrypto.org/
+1. Yes NXT is great
+2
New Bitcoins are started every day.
Can we create a new, successful, Bitcoin... only if the majority agree with your beliefs.
lmao! thanks for the laugh. my favorite comment of the day Can we create a new, successful, Bitcoin... only if the majority agree with your beliefs.
Feel free to start a new cryptocurrency, plenty of folks have.
It won't affect bitcoin one bit.
Edit: You "poor rats" - abandoning cryptocurrency won't solve your problems because cryptocurrency didn't create your problems (poverty, inequality).
Capitalism did that, and it is capitalism that you need to abandon. Much harder, I know.
Premining and Stealing (hacking) is not part of capitalism. It won't affect bitcoin one bit.
Edit: You "poor rats" - abandoning cryptocurrency won't solve your problems because cryptocurrency didn't create your problems (poverty, inequality).
Capitalism did that, and it is capitalism that you need to abandon. Much harder, I know.
Feel free to start a new cryptocurrency, plenty of folks have.
It won't affect bitcoin one bit.
Edit: You "poor rats" - abandoning cryptocurrency won't solve your problems because cryptocurrency didn't create your problems (poverty, inequality).
Capitalism did that, and it is capitalism that you need to abandon. Much harder, I know.
It won't affect bitcoin one bit.
Edit: You "poor rats" - abandoning cryptocurrency won't solve your problems because cryptocurrency didn't create your problems (poverty, inequality).
Capitalism did that, and it is capitalism that you need to abandon. Much harder, I know.
At which rate should we "poor rats" abandon the old bitcoin ship?
When the hackers and oligarchs holds:
60%
70%
80%
90%
99%
of all bitcoins mined.
When the hackers and oligarchs holds:
60%
70%
80%
90%
99%
of all bitcoins mined.
NXT I agree is great but why are people negative in Bitcoin cause of MtGox, stop being soft minded media suckers.
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