Should Satoshi's coins be deleted?

[RodeoX]

I think yes, a 21% instamine is ridiculous. It gives a bad name to BTC.

I would want to give them to Mark Zuckerberg and have him distribute them on facebook.

No coins earned/worked for by our inventor/s should be dictated what should be done with them by anyone except them lol We are nobody's in the scheme of things it was created to help us all climb out from under the banks control and be our own bank plus a whole brilliant things and you want to repay that buy deleting his/their coins?!

Come on dude that is what is ridiculous like your grasp on how many and how the coins was acquired he worked for them as did every other miner, should we delete them all     

It would be awesome for you to give the coins to that zuckerberg because you would not be losing much by everyone of the distributed coins getting dumped on our face and crash the price more than we can ever imagine.

Even better. Let's take the coins owned by the Winklevoss twins and give them to Mark Zukerberg! lol

Damn, F-ed again! 

[fartbags]

I think yes, a 21% instamine is ridiculous. It gives a bad name to BTC.

I would want to give them to Mark Zuckerberg and have him distribute them on facebook.

No coins earned/worked for by our inventor/s should be dictated what should be done with them by anyone except them lol We are nobody's in the scheme of things it was created to help us all climb out from under the banks control and be our own bank plus a whole brilliant things and you want to repay that buy deleting his/their coins?!

Come on dude that is what is ridiculous like your grasp on how many and how the coins was acquired he worked for them as did every other miner, should we delete them all     

It would be awesome for you to give the coins to that zuckerberg because you would not be losing much by everyone of the distributed coins getting dumped on our face and crash the price more than we can ever imagine.

Even better. Let's take the coins owned by the Winklevoss twins and give them to Mark Zukerberg! lol

Damn, F-ed again! 

LOL that's funny.

[1Referee]

I don't mind Satoshi his coins at all, he deserves them in full if he really happens to have that many coins. Deleting coins/value is never a good idea.

I'm also pretty sure that these coins won't move as he had the chance to sell his coins at the +$1000 peak if he wanted to. Coins will sleep for ever.

[ensurance982]

Why should satoshis coins be deleted? He is the founder of bitcoin. Without him, we all wouldnt be here at this forum. Dont you think he should at least get a reward for it?!

Well it is up to every miner and everyone who is running a full node to decide whether coins should be deleted or not. I think such a precedent would be something very very bad to BTC since it would destroy the fungibility of the underlying asset. No one could be sure that their coins wouldn't be the next to be deleted.

[pereira4]

For the record, these are thought to be coins under the control of Satoshi. Since they have never moved after they were mined, It is quite possible that these are now inaccessible.

Probably he freezed them on purpose. I can imagine him being a man of higher morals and thinking "well, a single entity doesn't need to be in control of this ridiculous amounts of coins" and forgot the password to freeze them forever and help the overall scarcity factor.

[Cryddit]

I kept looking at the OP's poll, and the only available answers were 'yes' and 'no'. 

Can we edit the poll to add a 'That's a Stupid Question' button?

[minerpumpkin]

I kept looking at the OP's poll, and the only available answers were 'yes' and 'no'. 

Can we edit the poll to add a 'That's a Stupid Question' button?

Well, I agree that this is a rather stupid question, but I think it would be a wise thing to do to explain to him why it really doesn't matter whether those coins are still available or not. Also it is very important to understand why this really wouldn't hurt Bitcoin by undermining one of it's key principles.

[johnyj]

I kept looking at the OP's poll, and the only available answers were 'yes' and 'no'. 

Can we edit the poll to add a 'That's a Stupid Question' button?

Well, I agree that this is a rather stupid question, but I think it would be a wise thing to do to explain to him why it really doesn't matter whether those coins are still available or not. Also it is very important to understand why this really wouldn't hurt Bitcoin by undermining one of it's key principles.

Central banks hold 1/3 of world's gold reserve, should they destroy them? What if they dump all the gold on market and crash the gold price to cents?

Even central banks decided to dump small amount of gold, they would still do it gradually, to not affect the market price too much

[SebastianJu]

No, but i wonder what satoshi can or will do with it. There was a statement from him that one never should delete a wallet, so most probably he hasnt too. So that leaves where will he give the coins to. If he dies and his childs get them there is a chance they will bring bitcoin down. He would never risk this.

So the only other solution would be that he now, after he made this big change, can bring the next big change. Maybe he waits for the price of those coins to rise in order to match his plans.

What i think about are that he can give power to certain groups that he thinks of are worthy to support. Libertarians, humanitarians or something like an organization that could be a worldwide, free and really democratic government. Depending on the amount of worth his bitcoins could be a real power at some point.

Thats the only solution for the coins that i see. He cant risk much there.

Of course that only valid as long as he didnt mine to a bogus address.

Saying that... does anyone believe that the NSA didnt have enough data about all his work to identify him long ago? Even when they only found out about it later, they have huge data storages. So i think its unlikely that the NSA doesnt know who he is.

So it might be that this wealth is in the wrong hands since a long time already. And i dont want to speculate what they will do with it.

[ChuckBuck]

Nope.  Satoshi's coins should not be deleted.

If he never touches or moves them again, they're considered lost coins.  Scarcity is a built in attribute of Bitcoin.  If somehow finally proven lost, BOOM, everyone else's coins gains in value.

[visual111]

I think it hampers adoption...no government is going to be cool with a currency where 1 person holds 21%

[futureofbitcoin]

I think it hampers adoption...no government is going to be cool with a currency where 1 person holds 21%

who holds 21%?

[Amph]

I think it hampers adoption...no government is going to be cool with a currency where 1 person holds 21%

again it's not 21%, he is holding at best 2M, since when 2M is 21% of 21M? it's not even 10% let alone 21...learn to do math first

anyway i do believe that satoshi's coins should be distributed among 1-2M people, 1 btc each, better if those people are not holding any btc(but it would be hard to prove...)

[Q7]

Before we ever thought of that, first thing first can we really identify all the coins that belong to satoshi. Having done that, we can't just ignore or delete part of the blocks that hold the coin. If we can do that, does that mean we can do the same for the rest of the coin if the need calls for? And again how is that even possible? These are things we need to consider before we engage  this discussion.

[Pentax]

Sure, cause nothing says thank you for such a kick ass invention like 'fuck you'

that's fucking absurd.

[bandana]

well before ansering your question let me ask you that can you edit the codes or can you edit a satoshi coin...or anyone can?.
I won't think anyone can.so , when anyone cannot edit it so how can amyone can delete(exiclute) it

[GTO911]

Lol, Bitcoin fungibility = Fail, thats why i trust Monero more

[BitBlitz]

If you feel compelled to ask such a stupid question, you don't understand Bitcoin...

[minerpumpkin]

I kept looking at the OP's poll, and the only available answers were 'yes' and 'no'. 

Can we edit the poll to add a 'That's a Stupid Question' button?

Well, I agree that this is a rather stupid question, but I think it would be a wise thing to do to explain to him why it really doesn't matter whether those coins are still available or not. Also it is very important to understand why this really wouldn't hurt Bitcoin by undermining one of it's key principles.

Central banks hold 1/3 of world's gold reserve, should they destroy them? What if they dump all the gold on market and crash the gold price to cents?

Even central banks decided to dump small amount of gold, they would still do it gradually, to not affect the market price too much

If Satoshi even moved a single BTC, everyone would then know that he really still controlled his coins(!) That would potentially cause quite a panic since we couldn't be sure that he isn't dumping all his coins using the nearest exchange. Also, it might reveal his identity or at least confirm he's still active!

[ipbo]

No,It's a part of a history and can be deleted. I don't If satoshi, how he will delete all bitcoins in an instance?