Topic: Should we start New Bitcoin? - page 5. (Read 4482 times)
the problem is not the number of bitcoin ... but his value on real market.
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.
New Bitcoins are started every day.
Can we create a new, successful, Bitcoin... only if the majority agree with your beliefs.
Can we create a new, successful, Bitcoin... only if the majority agree with your beliefs.
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%
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