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Bitcoin => Bitcoin Discussion => Topic started by: remotemass on March 19, 2014, 06:24:44 PM



Title: Incentive to have most of your bitcoins in a single address? Did Satoshi think?
Post by: remotemass on March 19, 2014, 06:24:44 PM
Can you think of anything that could have made Satoshi hardcode a great incentive to have all your coins in a single address and/or have the address with most coins of all?
Would we hoard more coins if there was such an incentive?


Title: Re: Incentive to have most of your bitcoins in a single address? Did Satoshi think?
Post by: bl0ckchain on March 19, 2014, 10:13:19 PM
Can you think of anything that could have made Satoshi hardcode a great incentive to have all your coins in a single address and/or have the address with most coins of all?
Would we hoard more coins if there was such an incentive?

I think Satoshi was all about freedom and choice not limitation and restriction.


Title: Re: Incentive to have most of your bitcoins in a single address? Did Satoshi think?
Post by: HorseCoin on March 19, 2014, 10:15:02 PM
when i mined blocks back in the day, i assigned a hash to each so they can all be transformed into 12.5 BTC easily (by calculating mersenne primes in the future, and then horse battering it back to the past)


Title: Re: Incentive to have most of your bitcoins in a single address? Did Satoshi think?
Post by: Soros Shorts on March 19, 2014, 11:16:50 PM
Would we hoard more coins if there was such an incentive?

On the flip side of the coin there is the issue of privacy and security. Having too many BTC in one address is just asking for trouble and unwanted attention. The incentive would need to more than compensate this drawback.