Bitcoin Forum

Everyone that was here from the start knows what great potential bitcoin had, what a great idea it was.
We also know the current price says nothing and is pure manipulation by a few big players.

My idea is to hard fork bitcoin for normal users and put the big manipulators out of play.
We can remake bitcoin to invalidate the first year of all bitcoin. This would take away hundreds of millions of get-rich-quick money from these manipulators that are trying to scam us out of our money.
It sounds like an extreme idea but cryptocurrencies can easily survive hard forks as we've seen over and over.
We NEED to get rid of these overly rich GREEDY manipulators in order to SAVE Bitcoin.
We also need a new team of motivated and intelligent developers that can address the flaws Bitcoin still suffers, as current development has pretty much halted.

Bitcoin still has so much potential.

What do you guys think, how would this work out?

If you ask me, then no, it won't and couldn't possibly work out. The reason for that is very simple. Just imagine that those first year greedy beasts got stripped of their wealth somehow. Let's say they all lost their private keys and thus the capacity to manipulate the market. And what would it change in the end? Some people with heaps of money could still buy a lot of bitcoins of what is left, and we would be basically back to where we are now having the same greedy manipulators.

As much as I don't like price manipulation and behind the closed door financial schemes myself, I find your idea is simply not good.

Firstly - we unfortunately can't get rid of whales, if you eliminate one, then we will have two others in his place.

Secondly - hard forking bitcoin just to get rid of people who you think are harming our economy is against bitcoin.

Thirdly - your purge will have exactly opposite effect on Bitcoin, it will undermine trust and make the market crash.

Or better yet we could each receive an equal portion of bitcoins as a salary from one dictator. Doctors, lawyers, burger flippers and retail workers would all have the same bitcoin salary.

It sounds so familiar. I just can't put my finger on it...

everyone who has been around knows who you are and your post history says it all.


i think manipulators like you, especially those who use social media to spread the FUD should be arrested or at least kicked out of the crypto market so that the price can continue rising generically as it has been so far. ;)

No ! If people were here before you, that's good for them. You're just jealous of them. To me, their braveness to invest in that technology, either time or money, should be rewarded as it is now.

Only someone who can't afford a decent amount of btc would post such mindless drivel...

However i think hard forks can easily become reason to split any crypto network into two networks where only one network can win just like how ETH got splitted into two recently after hard fork. Better to stick with current bitcoin network and the idea of cleaning up early adopter's bitcoin is like robbing them.

Lol, I thought Op was being serious when i first read that proposal. I would have loved to have been in on bitcoin in the first year as much as everyone else but obviously something like removing the coins from the first year is a total no go. That would onjly bring bitcoin to collapse if people in the future had to worry about their money being forked away from them.

Just do it man. Hardfork and let it compete on the market. See what happens!

This is one of the beauties of Bitcoin. Every half-wit with some hair-brained idea can implement it at any time.

Fork it, get your superior coders, and share it with everyone.

I'll be holding my breath in anticipation!

Hardfork for bitcoin ? why it is needed? no any problem in network and only to clean up what whales have you want hard fork?  ;D

I don't think it is good idea to stop manipulation as the one with lots of fiat can easily again grab all bitcoins from poor holders from trading.

Hey, I see bitcoin price appreciate by more than +0.6% which is better than negative growth, I do not think there is any possibility of bitcoin price to fall because we are in the ember months in which people make lots of purchases with bitcoin. The potential of bitcoin is truly unlimited, the consequences of recent halving yet to come out, maybe this year end hype may bring $1000 levels too.

No.

An action that forces users out of the Bitcoin economy is a net negative and destroys the confidence major investors have in Bitcoin. This proceeds to impact the value, and so on and so forth. They took a risk getting in on something early, and got rewarded for it later on.

There is legitimately no need to scratch off the first year of Bitcoin. None. All I see here is a rationalization based around "they have more and I don't have as much so get rid of them".

it seems like you have a death wish for bitcoin!
bitcoin is not yet forked and still in the "suggestion" area and developers and community is already divided into different groups of core, classic, blah blah

and you think hardforking it all of a sudden is a good thing!!!

True. If this were to happen, it would have a directly opposite effect on bitcoin and undermine the very foundation it's built on and why some many people turned to it - it's decentralization and immutability.

Don't get me wrong, I love bitcoin dearly. In saying this I don't see bitcoin as the most used cryptocurrency going forward, I think it is more likely a big organization that is Pro-decentralization creates and heavily advertises a worldwide cryptocurrency based on bitcoin with that becoming instantly extremely popular and eventually overtaking it in popularity based on its "Fairer" start etc.

there will never be a "fair" commodity that is scarce as wsell
nothing can stop wealthy millionaires or billionaires buying more than the average joe
and so it would be a waste of time to strip the early whales because there would just be new whales

most of the people who had btc back in 2009 are probably already cashed out all or most of it ,with the exception of
the satoshi coins from that era  that have never moved and might never move at all .........

I agree to an extent. Fair is not the right word for the situation but I will use it anyway as I can't think of a better word. If a new currency came and the wealthy became whales wouldnt this be "Fairer" than the lucky couple of people who stumbled across bitcoin early?

I'd agree with what you are saying if bitcoin popularity encompassed a financial revolution redefining who is rich in the world. I don't see this as happening atleast in the next 5 years meaning to me it IS fair that the rich will have more BTC as that is how our current system works.

But what difference would that make in the end, if any? Besides, I would certainly prefer to see some tech-savvy people become rich through their industrious effort rather than some moneybags get yet richer just for the fact they had already been rich before that. And how many strangers were actually there among the first Bitcoin adopters, who had been just lucky to stumble across Bitcoin early according to you?

Bitcoin is fine. Those manipulators are not a threat. Look what happened to ethereum and the fork supporters. ETC is dead as hell and it killed ETH along with itself. A fork will just kill bitcoin.

One of your best trolls yet.  You, kwuky, are truly a master.  A hat tip to you for today's chuckle.

the first year of bitcoin is what makes it unique. it was a totally open book. anyone could've got in on the ground floor. it was worthless. there'll never be another coin like that. all future ones are gonna be tainted by developer or investor greed. I agree that the current status quo is not ideal but one look at the alt market tells you all you need to know.

Yep, look at ethereum to get the idea of the future would await bitcoin after a fork.

This is the problem of the society, people always tend to reinvent the wheel even it is functioning fine. I am open to a hardfork but will never agree of it because of the reason OP had given.  Somehow I feel that OP is jealous of the early adopters of bitcoin, and trying to strip them of their wealth because for you it is unfair to take risk when all others does not care about bitcoin during its first year is simply terrible.

forks and whether it is hard fork or a soft fork, are not an scary thing. every program (code) goes through them, they change and evolve for the future.

but this doesn't mean you should jump the gun and fork it without doing proper tests. especially in something like bitcoin where millions of millions of dollar is involved.

If the rich and the powerful in this world really wanted btc already they would just buy it all up....
Some Russian Billionaires could snap it all up and the needs from the start of bitcoin would cum in their shorts and dump whatever they're holding.... (if that hasn't already happened)

Try not to forget that some people cashed out their entire stack when btc hit $1, $10 etc and still ended up millionaires..

There is probably not many people left from 2009 when btc were 3 for a penny who haven't cashed already

i just find the idea of OP ridiculous.  Jealous and self centered opinion.  It would be reasonable if the fork will somehow improve bitcoin performance like instant confirmation and other stuff that make it mass friendly.  Forking it because you think it is unfair for the early adopter to get wealthy just by adopting it and not spending that large amount of money seems irrational.  I bet OP would have a different point of view if he is the one of those early adopter that holds hundred of thousand of bitcoin in his stash.

Probably  he would say  different thing if hes included to those  early adoptors   who  hold  huge amounts of  bitcoin. Hes saying    these  things right now because  he  missed the  boat  on which  the bitcoin is  just  been  starting that's  why  its a little bit selfish words here  from OP.

Fake OP.

Kwuckduck writes in this post as if he cares about bitcoin and wants to 'help' it, when in fact his real agenda is to fight or undermine it.

Kwucky just do it,  you won't need to fork, just rebrand and relaunch. You won't find anyone wanting to buy your kwuckcoin though.

I am not sure how you could even scratch the first year without damaging the subsequent years as well? History builds upon itself, just like the blockchain builds upon the genesis block. Some coins generated in the first year could have been spent thousands of times over and some newbie may even be holding them today. To scratch these particular coins you have to rewrite not just the first year but everything till today.

You can't fix what is not broken, but you can still break it while trying to fix what you think is broken. I certainly agree that the OP may be feeling jealous of the profits the early adopters are reaping now, though I don't think that they were actually taking serious risks. In fact, I think that most of them were just lucky to turn up in the right place at the right time and make the right choice. And I have a suspicion as well that this alone would make the OP even more jealous.

    Why hard fork?  I propose that would be better on Monday when markets open all of us to give orders to sell our coins so bitcoin price will crash. In this way greedy sharks lose much money but we only lose a few like as gambling in online casino. Apparently, I am joking.
 
    I strongly disagree with OP idea. There are not only big players but everyday people around the world. Doing something like that, nobody in the world except some hobbyists, will ever trust any cryptocurrency again. Fiat money will win without to do anything. Bankers all over the world, those are bigger and greedier than big players of bitcoin aren’t they, will laugh with huge bitcoin foolishness.

If we mess with bitcoin, then nobody will trust it anymore. It's hard enough now to get people to invest in it now. Why do we want to scare new people away from it?