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Topic: So when bitcoin version 2 satoshi? (Read 266 times)

hero member
Activity: 2100
Merit: 546
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May 21, 2023, 03:48:45 AM
#29
Do you expect everyone born today or in the future should be able to mine Bitcoins, is that what you would call fair distribution? That is never going to happen and even if a coin is created like that, it will be a worthless coin that no one would use or care about just like meme coins that have a supply of billions of tokens and no value at all.

Bitcoin would never have a value this high or become this successful if it had a supply so high that almost anyone could have some Bitcoins, the only reason why Bitcoin is so popular is because of its limited supply and high demand.
member
Activity: 476
Merit: 60
May 19, 2023, 10:02:28 PM
#28
I think just enjoy the bitcoin that exists now because what I know bitcoin will be valuable if BTC has a limited supply.

the point is we don't have a lot of no-no thoughts
In my opinion, the most important thing in the world of BTC investment is a good investment strategy because with good investment techniques we will benefit.

so just enjoy the existing btc. and if you are interested, prepare a lot of btc for the future because the supply of btc is limited.
legendary
Activity: 3948
Merit: 3191
Leave no FUD unchallenged
May 19, 2023, 08:09:50 AM
#27
When you make a bitcoin that has fair distribution?

When someone invents time travel, or when a majority decide they don't care about a fixed supply.  

Think about it.  The current generation of Bitcoin users will have descendants and the next generation will have descendants of their own.  And all of those future generations could claim it's "unfair" that our generation had access to a large supply of coins and grabbed them all, leaving fewer for their generation to obtain.  Even if we began the experiment all over again from scratch today with what you believe is a "fair distribution", a fixed supply means our eventual offspring would always be at a disadvantage.

Better hurry up and invent time travel, because I don't think we're giving up the fixed supply any time soon.   Tongue
legendary
Activity: 2156
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May 19, 2023, 08:02:17 AM
#26

There is nothing like fair distribution of money because there will always be a guy who will spend everything as soon as he gets it and the other one who will save and invest. Sooner or later one of them will be a millionaire and the other one will stay poor.

fair distribution upon creation of supply bud, not everyone has the same supply all the time.

every means of payment will sooner or later be monopolized (centralized) by some (smart,enterprising and brave) at the expense of others (timid, not as inteligent, etc.). You can't change that in any way, unless you create the future symilar to "Brave New World" by Aldous Huxley, where people do not have property but also desires, goals, ideas and any emotional deficiencies are drowned out by the perfect happiness-producing drug called "soma".

there is nothing wrong with bitcoin distribution. there is nothing wrong with the fact that in extreme cases, after a decade or two, a few identities will have 90% supply, because the future of the network is determined by miners and not owners (this is not a POS). There is nothing wrong with this as long as no one can steal or devalue money you already earned.

legendary
Activity: 3052
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May 18, 2023, 10:22:58 AM
#25
Would Dogecoin satisfy your requirement OP? It has inflationary supply where 5 billion DOGE is created every year. And talking about Bitcoin version 2, there are already many altcoin which claim to be next Bitcoin or Bitcoin successor.

You know fiat can buy it all and the central bankers still win.

There's no guarantee they'll win/success in the end. I'd recommend you and other reader to look up about "Silver Thursday" or "The Hunt Brothers".

No a coin where everyone starts with same LIMITED supply would, where some of the network fee goes back to all users and they can only have one account for universal basic income/welfare/disability/pensions and some of the network fee is pooled for users to vote on where they are used.

That would be legit.

Isn't some altcoin already implemented this thought where part of the transaction fee will go to holders, just to justify their 10% tx fee.  Grin, alas they have not succeeded in implementing this idea because the project died even before it got popular or the developer rug pulled and run with the investors' money.

Your thought sounds like there is a need for KYC, so it is pointing toward centralization.  Since you need to verify users in order to limit them to only one account.  If not, your plan is susceptible to exploitation.
hero member
Activity: 1008
Merit: 724
May 18, 2023, 08:38:37 AM
#24
Your account was made in August 28, 2021
I been here since 2012ish bud, I understand it is a scam to the future of humanity and just ends in bloodshed.

It seems that what @retreat said is quite true and the advice given by @Tytanowy Janusz you must do as soon as possible friends Cheesy
Are you hallucinating? Your account was created in 2021 but you say you are here since 2012? hm my logic doesn't really get here, sorry lol
You say in this case bitcoin is a fraud for the future of humanity and will only end in bloodshed, but on the other hand you expect bitcoin version 2? What for? adding more fraud?Cheesy

thanks to those of you who really provide entertainment and make me laugh this time but it's a shame you're on my ignore list from the time i wrote this.
jr. member
Activity: 47
Merit: 2
May 18, 2023, 07:49:13 AM
#23
Bitcoin's distribution has been pretty fair — it's accessible to anyone that's heard of it and at the same time got interested in it.

If you want distribution to the point that even your grandchildren's grandchildren will have access to newly minted bitcoin, then you're pretty much describing a protocol with endless inflation. Might as well use your local currency?

fair distribution? 200 million bitcoin addresses with 106 million owners (most of them created by me and I am one guy) with 95% supply mined In a world of 8 billion.

No man, that is not fair distribution and 95% is already mined that leaves fk all for the rest that yet to still be born. Going to trade dust when network fee's cost more than your transactions?
jr. member
Activity: 47
Merit: 2
May 18, 2023, 07:43:21 AM
#22

There is nothing like fair distribution of money because there will always be a guy who will spend everything as soon as he gets it and the other one who will save and invest. Sooner or later one of them will be a millionaire and the other one will stay poor.

fair distribution upon creation of supply bud, not everyone has the same supply all the time.
jr. member
Activity: 47
Merit: 2
May 18, 2023, 07:37:24 AM
#21
Would Dogecoin satisfy your requirement OP? It has inflationary supply where 5 billion DOGE is created every year. And talking about Bitcoin version 2, there are already many altcoin which claim to be next Bitcoin or Bitcoin successor.

You know fiat can buy it all and the central bankers still win.

There's no guarantee they'll win/success in the end. I'd recommend you and other reader to look up about "Silver Thursday" or "The Hunt Brothers".

No a coin where everyone starts with same LIMITED supply would, where some of the network fee goes back to all users and they can only have one account for universal basic income/welfare/disability/pensions and some of the network fee is pooled for users to vote on where they are used.

That would be legit.
sr. member
Activity: 728
Merit: 388
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May 18, 2023, 06:21:01 AM
#20
Where were you when everyone thought that Bitcoin Cash was the better Bitcoin? Where were you when everyone taught Bitcoin Private was the King? The truth is Bitcoin will always remain the best Bitcoin, do you have any dev experience and knowledge? I dare you to go create your own Bitcoin version 2, it will fail just like the rest.

If you are not satisfied with what Bitcoin is offering right now then you are better off investing money on Altcoins and other shitcoins, maybe the memecoin or kaspa that claimed to be the better BITCOIN.

Remember, do not always expect someone to do something for you, if you think there is a better idea you are the only one that thinks so, do not wait around and do something new, if possible.
legendary
Activity: 2870
Merit: 7490
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May 18, 2023, 05:07:25 AM
#19
Would Dogecoin satisfy your requirement OP? It has inflationary supply where 5 billion DOGE is created every year. And talking about Bitcoin version 2, there are already many altcoin which claim to be next Bitcoin or Bitcoin successor.

You know fiat can buy it all and the central bankers still win.

There's no guarantee they'll win/success in the end. I'd recommend you and other reader to look up about "Silver Thursday" or "The Hunt Brothers".
legendary
Activity: 2576
Merit: 1860
May 17, 2023, 08:31:04 PM
#18
Satoshi isn't a savior, my friend. Nobody's a savior. Help yourself. Get assistance from your friends, family, loved ones, and professionals. Satoshi, just like many others, are just making contributions in their own ways to hopefully make this world a little better. But fair distribution? Forget about it. There's no such thing. We live in an extremely unfair world. Everybody is fighting against each other to get those Sats, to have a better place under the sun.
hero member
Activity: 2660
Merit: 551
May 17, 2023, 07:57:26 PM
#17
Lol, sounds like this is a old account, those perma bears or who truly attack bitcoin anytime they want.

In any case, we all know that his statements has a lot of flaws.

There will be no Satoshi 2.0. We can only have one and he is gone and keep himself hidden from us.
legendary
Activity: 2408
Merit: 2226
Signature space for rent
May 17, 2023, 03:26:35 PM
#16
Why is there a need for a second version of Bitcoin when the original Bitcoin still exists? What are your thoughts on the perceived unfair distribution of Bitcoin? It's important to note that anyone can buy or sell Bitcoin, including through Bitcoin units that are accessible even with limited funds. Bitcoin is a decentralized cryptocurrency, allowing anyone to participate in its purchase. It's highly unlikely that Satoshi, the creator of Bitcoin, would undermine the existing Bitcoin system by introducing a second version.
jr. member
Activity: 74
Merit: 1
May 17, 2023, 10:11:30 AM
#15
Your account was made in August 28, 2021
I been here since 2012ish bud, I understand it is a scam to the future of humanity and just ends in bloodshed.

https://i.ibb.co/dpJC8yy/1.png

Alright buddy!  Roll Eyes

https://i.ibb.co/t40jfHM/2.png

Top 10 unexpected endings.
sr. member
Activity: 1372
Merit: 348
May 17, 2023, 10:08:41 AM
#14
Bitcoin's distribution has been pretty fair — it's accessible to anyone that's heard of it and at the same time got interested in it.

If you want distribution to the point that even your grandchildren's grandchildren will have access to newly minted bitcoin, then you're pretty much describing a protocol with endless inflation. Might as well use your local currency?

Yes sit down and play a game of monopoly from 10 years ago and save the money from a already won game and play it with your grand kids who start with 0 while you start with the 95% of the supply, your grand kids that are not even born yet will love playing the game with yah.  Roll Eyes You only already own boardwalk and parkplace and they will lose in 1 roll.  Roll Eyes

You can always invest on newly created cryptocurrency,   I bet there will always be a newly created cryptocurrency even after your great great granddaughter bear his last child. Leave bitcoin be, if you don't want a 95% mined cryptocurrency you can always check the altcoin section of this forum and or join a tg that announces newly launch project.   I do not think Bitcoin developers will recreate Bitcoin, if they plan to, I think it won't be called Bitcoin anymore since there is only one Bitcoin, any copy or fork will be an altcoin.

When Bitcoin was created everyone had fair distribution to mine as many Bitcoin as they could. Even with slow systems people could mine enough bitcoins. In the early days of Bitcoin the miners could mine many blocks of Bitcoin per day even with simple Pentium grade computers. Here is the post of Theymos that you must visit to see that how well was its distribution. https://bitcointalk.org/index.php? topic=43.msg371#msg371

It's distribution was fair and those who adopt it earlier made enough Bitcoin because of their own intelligence and early adopting of a great innovation. Thus, it's totally unfair if someone claims that Bitcoin distribution wasn't fair.

For OP it is unfair because Satoshi doesn't wait for him to know Bitcoin before start mining and launching it.  Grin  @OP if you think Satoshi is so unfair for you then you can always skip investing in Bitcoin and you are free to choose any cryptocurrency that is yet to be launched so that you can feel your sense of fair mining.  Nothing is forcing you to engage in Bitcoin investment so feel free to look for alternative if you don't like the system when Bitcoin was introduced to people.
hero member
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May 17, 2023, 08:05:46 AM
#13
You know fiat can buy it all and the central bankers still win.
I have to disagree with you. Fiat can't buy it all because the ones who are holding their Bitcoin won't sell for such low rates. The true Bitcoin enthusiasts know the real value of the crypto-currency and they won't sell it for such low rates that are below $1 million to $10 million per Bitcoin and until then the government and banks can't own all the bitcoins with their fiat.

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You know miners will kill each other for the coins in the future and it already happens today.

That statement is totally incorrect. If the miners can kill each others for the coins in future then investors can also kill each other for the assets they are holding. That point is totally useless my friend and is not even considered in anyone's eyes as a legit point so kindly, stop promoting such type of hatred material.

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You know the energy consumption impact on earth even Hal knew it.

Bitcoin is mostly mined with renewable energy sources and that won't impact the earth. The renewable energy sources are in abundance and utilizing those for such beneficial work is a great deed done by miners. It's totally unfair to say such things, that's most probably another way that people like you use to degrade the value of Bitcoin.

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When you make a bitcoin that has fair distribution?.. so we can get on with earth and ditch fiat and bitcoin crypto currency beta test.

When Bitcoin was created everyone had fair distribution to mine as many Bitcoin as they could. Even with slow systems people could mine enough bitcoins. In the early days of Bitcoin the miners could mine many blocks of Bitcoin per day even with simple Pentium grade computers. Here is the post of Theymos that you must visit to see that how well was its distribution. https://bitcointalk.org/index.php? topic=43.msg371#msg371

It's distribution was fair and those who adopt it earlier made enough Bitcoin because of their own intelligence and early adopting of a great innovation. Thus, it's totally unfair if someone claims that Bitcoin distribution wasn't fair.
hero member
Activity: 504
Merit: 1065
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May 17, 2023, 07:37:59 AM
#12
Your account was made in August 28, 2021
I been here since 2012ish bud, I understand it is a scam to the future of humanity and just ends in bloodshed.



Alright buddy!  Roll Eyes

jr. member
Activity: 47
Merit: 2
May 17, 2023, 07:31:49 AM
#11
Your account was made in August 28, 2021
I been here since 2012ish bud, I understand it is a scam to the future of humanity and just ends in bloodshed.

If only you knew how many accounts they banned me on and wanted me to pay a fee for my speech, worse than elon this site hoster is when it comes to free speech but at least the site owner does not claim to guard it and ban kanye and others. It is okay they cut of my temporal mouth and the ears or others, I get their eternal ones.

Watch huntercoin on youtube let me know the end game of bitcoin and how it turns out for your kids.

p.s. they get killed by other doods.
hero member
Activity: 504
Merit: 1065
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May 17, 2023, 07:24:35 AM
#10
Bitcoin's distribution has been pretty fair — it's accessible to anyone that's heard of it and at the same time got interested in it.

If you want distribution to the point that even your grandchildren's grandchildren will have access to newly minted bitcoin, then you're pretty much describing a protocol with endless inflation. Might as well use your local currency?

Yes sit down and play a game of monopoly from 10 years ago and save the money from a already won game and play it with your grand kids who start with 0 while you start with the 95% of the supply, your grand kids that are not even born yet will love playing the game with yah.  Roll Eyes You only already own boardwalk and parkplace and they will lose in 1 roll.  Roll Eyes

The great thing about Bitcoin is that no one forces you to be interested in it, or to use it. Nobody is forced to invest in it. Personally I just think you don't understand the subject in depth to be able to write that here, I totally disagree with you.

What do you have to offer better OP?
mk4 is a thousand times right, what you describe sounds very much like an infinite inflation protocol. There's nothing to stop you from holding USD if that's your will.

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btw stop deleting my post u fucking cock suckers what are you elon musk u can't have free speech on this shit or what.

You should maybe relax a little bit, and maybe educate yourself a bit more on the subject, instead of posting nonsense and being in a persecution syndrome.
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