Bitcoin reset?

[ProfessionalGoogler]

Can we reset the Bitcoin mining process to redistribute wealth?

The idea of Bitcoin where anyone could mine and support the network of course died with ASIC technology.

Is this great concept of Bitcoin just dead forever?

Personally I would prefer every single person (or at least 1 out of 10) would own a device that supported this technology we are using to determine one's wealth/control/power/influence.

But not for profit and every person who wanted to be part of the network owned an equal share.

Only in a perfect world right?

Well in the end of Bitcoin if it doesn't change, perhaps the internet Gods (Google, Yahoo & Bing) will unite to create solar powered satellite Bitcoin miners spread all over.

To own Bitcoin just own the most computing power. Well I guess at least the people we will trust our money now should be tech savvy right?

Banks are slow and outdated, I still cry when I see someone write out a check.

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[Amph]

no, becaause a random dude, could 51%'ed the network , and good luck try to convince all the miners to shut down their miners, with their big profit that they make each day

and bitcoin was intended to be casual for the majority

[Foxpup]

Can we reset the Bitcoin mining process to redistribute wealth?

No.

The idea of Bitcoin where anyone could mine and support the network of course died with ASIC technology.

That idea was stillborn, if was ever even conceived.

Is this great concept of Bitcoin just dead forever?

No.

Personally I would prefer every single person (or at least 1 out of 10) would own a device that supported this technology we are using to determine one's wealth/control/power/influence.

Everyone can own such a device, if they want one. It is not always or even usually profitable, which is why not everyone wants one.

But not for profit and every person who wanted to be part of the network owned an equal share.

Equal share of what?

Only in a perfect world right?

The world isn't perfect.

Well in the end of Bitcoin if it doesn't change, perhaps the internet Gods (Google, Yahoo & Bing) will unite to create solar powered satellite Bitcoin miners spread all over.

Okay?

To own Bitcoin just own the most computing power. Well I guess at least the people we will trust our money now should be tech savvy right?

You don't need to mine to own bitcoins.

[ProfessionalGoogler]

Can we reset the Bitcoin mining process to redistribute wealth?

No.

The idea of Bitcoin where anyone could mine and support the network of course died with ASIC technology.

That idea was stillborn, if was ever even conceived.

Is this great concept of Bitcoin just dead forever?

No.

Personally I would prefer every single person (or at least 1 out of 10) would own a device that supported this technology we are using to determine one's wealth/control/power/influence.

Everyone can own such a device, if they want one. It is not always or even usually profitable, which is why not everyone wants one.

But not for profit and every person who wanted to be part of the network owned an equal share.

Equal share of what?

Only in a perfect world right?

The world isn't perfect.

Well in the end of Bitcoin if it doesn't change, perhaps the internet Gods (Google, Yahoo & Bing) will unite to create solar powered satellite Bitcoin miners spread all over.

Okay?

To own Bitcoin just own the most computing power. Well I guess at least the people we will trust our money now should be tech savvy right?

You don't need to mine to own bitcoins.

Duh? 

[Meuh6879]

Bitcoin reset ?

In what world you live ? ... Bitcoin is created by the people.
You can not shutdown this now.

[Mickeyb]

Even if you did a perfect distribution, meaning that you spread 21 Bitcoin to 21 million people and you give 1 bitcoin to each person, there is an enormous chance that in about 25 years time, 80% of all of the bitcoins will end in the hands of 20% people. This is a Pareto principle and this is a human nature.

To return to the beginning of my post, of you give 21 million coins to 21 million people, what about other 7 billion? Would that be fair enough?

Hope I answered your concerns and remember, world is just unfair!

[Foxpup]

Duh? 

There are no stupid questions, only stupid people.

[anthonycamp]

bitcoin reset would be like governements idea no?

[pooya87]

~~~
Personally I would prefer every single person (or at least 1 out of 10) would own a device that supported this technology we are using to determine one's wealth/control/power/influence.
~~~

this part is what i wished too. well not exactly but i wished that it could become possible for everybody (like it was before) to mine bitcoin with their personal computer. not for profit but to be able to be a part of this technology.
but we all know that this is not going to happen because of difficulty and all that crap we all know about!
and the idea of resetting ... is just making an altcoin IMO.

[shorena]

bitcoin reset would be like governements idea no?

No, it would make bitcoin worthless. If you do it once, why not do it again in the future, for the next generation? With that in mind, would you want to accept bitcoin for your services? Would you work to get bitcoin? No you would not, because at any moment it could be decided (lets just assume there is some way to do this) that now is the time to redistribute. *poof* everything you worked for the last years/months/days is gone.

That would not create equality, it would render the currency useless. Thats not socialism, its idiocy.

[Hugroll]

personally i like that mining requires an investment to get into otherwise everyone would start doing it and the returns from mining from diminish

[ProfessionalGoogler]

Duh? 

There are no stupid questions, only stupid people.

And stupid answers. 

[ProfessionalGoogler]

But yeah the troll posts like these are exactly why I wish BTC wasn't profitable for big time miners that are becoming bankers.

[CIYAM]

^ From a guy who clearly is a fan of Google who are not in the business of giving away all of their money to "make things even for everyone" either.  

[dothebeats]

No, it is actually nonsensical to reverse all the process and revert it to 0. Imagine all the used energy that we harnessed for the last 6 years by just mining bitcoin and revert it back so as to distribute wealth? Uneven wealth distribution will stay as it is, and will never be equal even if we wanted it too.

[gentlemand]

Bitcoin was available to mine to anybody from minute one. If you look into the early history Satoshi was clearly thrilled when anyone paid it the slightest attention. Be thankful that the early players and miners had the vision to help it arrive at this point.

[DGulari]

Can we reset the Bitcoin mining process to redistribute wealth?

Why stop at Bitcoin?  We should kill all those fuckers who drive Mercedes and take their wives rings off their fingers and sell that shit and pass the money around to poor people.  Anytime someone works hard and amasses some wealth, lets throw him the fuck into jail and take his money!!!  Those who came before us and did smart things, fuck them - lets get their money and 'redistribute it'. 

That is the true spirit of the bitcoin community. 

Holy fuck!

[Blawpaw]

Can we reset the Bitcoin mining process to redistribute wealth?

The idea of Bitcoin where anyone could mine and support the network of course died with ASIC technology.

Is this great concept of Bitcoin just dead forever?

Personally I would prefer every single person (or at least 1 out of 10) would own a device that supported this technology we are using to determine one's wealth/control/power/influence.

But not for profit and every person who wanted to be part of the network owned an equal share.

Only in a perfect world right?

Well in the end of Bitcoin if it doesn't change, perhaps the internet Gods (Google, Yahoo & Bing) will unite to create solar powered satellite Bitcoin miners spread all over.

To own Bitcoin just own the most computing power. Well I guess at least the people we will trust our money now should be tech savvy right?

Banks are slow and outdated, I still cry when I see someone write out a check.

At this point, you can't really reset the Bitcoin network. There's already a lot of investment made in this network. If you want to mine from the beginning you might as well start your own coin.

[ridery99]

Do you mean rolling back the chain? That's crazy

[ProfessionalGoogler]

^ From a guy who clearly is a fan of Google who are not in the business of giving away all of their money to "make things even for everyone" either.  

Maybe you aren't aware of the endless free stuff/information search engines like Google give you.