The idea of taking away all of Satoshi's bitcoin? - page 2.

mindrust

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Quote from: doc12 on February 05, 2019, 11:14:40 AM

Bullshit ....so somebody's money is taken away, just because he saved it for the future? Why I have to move my money, if I don't want to?

This stands against some of the most important core values of bitcoin. Satoshis coins belong to Satoshi, nobody's business what he does with them.

Agreed.

Taking away satoshi's coins is no different than what happened with ETH&DAO in the past. Immutability is bitcoin's core feature. If you take away satoshi's coins and redistribute them, you'll just fork yourself away into another shitcoin which nobody uses.

About the investor confidence thing, personally I have enough confidence right now and fucking with immutability is not going to increase it, on the contrary, I would lose all I have now.

If a group of person can decide to take one person's stash and redistribute them, then they can decide to take mine later too.

I am not dumb.

Fuck that shit.

BTCMILLIONAIRE

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Quote from: doc12 on February 05, 2019, 11:14:40 AM

Bullshit ....so somebody's money is taken away, just because he saved it for the future? Why I have to move my money, if I don't want to?

This stands against some of the most important core values of bitcoin. Satoshis coins belong to Satoshi, nobody's business what he does with them.

This.

Also, if people lose their coins, be it by proxy or not, it's their problem. It's about time we stopped babysitting adults.

doc12

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Bullshit ....so somebody's money is taken away, just because he saved it for the future? Why I have to move my money, if I don't want to?

This stands against some of the most important core values of bitcoin. Satoshis coins belong to Satoshi, nobody's business what he does with them.

BitcoinGirl.Club

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Farewell LEO: o_e_l_e_o

Quote from: Raja_MBZ on February 05, 2019, 10:59:02 AM

Most of you might already know about QuadrigaCX (Canada's largest crypto exchange) owner's death:

https://www.theguardian.com/technology/2019/feb/04/quadrigacx-canada-cryptocurrency-exchange-locked-gerald-cotten

If he has actually died, then it means that about 0.25% of the bitcoin's supply has been burnt. However, Zooko Wilcox-O'Hearn (Zcash's founder) seems to have come up with a solution for the confirmation of this:

Not sure if Zooko thought of this, but if we really recycle those 10-year-old unmoved bitcoin into new mining rewards, then all of Satoshi's addresses will be emptied too! This could possibly boost up the confidence of investors/holders, as the fear of Satoshi dumping his/her bitcoin will vanish.

Quite interesting...

Interesting and how do we do it?
Why 10 years by the way? I guess it needs to be longer if this is achievable.

Thanks for the link on WO or I would miss it.

Raja_MBZ

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Most of you might already know about QuadrigaCX (Canada's largest crypto exchange) owner's death:

https://www.theguardian.com/technology/2019/feb/04/quadrigacx-canada-cryptocurrency-exchange-locked-gerald-cotten

If he has actually died, then it means that about 0.25% of the bitcoin's supply has been burnt. However, Zooko Wilcox-O'Hearn (Zcash's founder) seems to have come up with a solution for the confirmation of this:

Not sure if Zooko thought of this, but if we really recycle those 10-year-old unmoved bitcoin into new mining rewards, then all of Satoshi's addresses will be emptied too! This could possibly boost up the confidence of investors/holders, as the fear of Satoshi dumping his/her bitcoin will vanish.

Quite interesting...

Topic: The idea of taking away all of Satoshi's bitcoin? - page 2. (Read 613 times)