Satoshi Airdrops 1 Million BTC to the Poor

[hv_]

According to what one of the goals of bitcoin should be - decentralize also the wealth, do you think that's happening?

Maybe based on breaking some threashold by price, marked cap or account number ?

I'd do that :-)

[Redrose]

Satoshi has unfortunatly disappeared from the circulation, so he won't be able to do so.

[hv_]

Satoshi has unfortunatly disappeared from the circulation, so he won't be able to do so.

I see no reason why he might be back just for that particular reason (and also for fixing scalability) ....

Furhter he might have coded sth (some external wallet script) just to do automatically?

[Redrose]

Satoshi has unfortunatly disappeared from the circulation, so he won't be able to do so.

I see no reason why he might be back just for that particular reason (and also for fixing scalability) ....

Furhter he might have coded sth (some external wallet script) just to do automatically?

No I don't think something has been coded to process this automatically. If something like that ever happen it will happen here, on Bitcointalk.

[shorena]

According to what one of the goals of bitcoin should be - decentralize also the wealth, do you think that's happening?

Where did you get that idea from?

Maybe based on breaking some threashold by price, marked cap or account number ?

I'd do that :-)

Why wait? You can give to the poor now.

[iqlimasyadiqa]

Satoshi has unfortunatly disappeared from the circulation, so he won't be able to do so.

where you assume that satoshi disappear?

[virtualdn]

Where have you read that? Or it's just an idea... nice idea though

[lrdeoliveira]

this would be great, but think that anyone of us can help people sending some satoshi, of course satoshi have a lot of money, but in my opion he is dead or maybe he lost his private keys

[Amph]

recent analysis show that satoshi might hold a considerable less amount of coin, around only 200k

the 1M coins was an overestimation, so your idea might have a less impact

[pooya87]

there is going to be a lot of problems with that.

i am assuming you are talking about satoshi spreading his "bitcoins" among poor people and not "cash". in that case it is going to wreck the market and the price of bitcoin is going to fall so hard, making bitcoin nearly worthless.

why? because those people can not do anything with the bitcoins they receive, like paying rent, buying necessary stuff for their living, etc so they would convert those bitcoins they have received for free to fiat, in other words a massive amounts of sell orders on the market (supply) which will push the price down to oblivion!

[Wapinter]

The idea of giving away bitcoin to mass to make the rich is the most dumbest I have ever heard.You will only devaluate bitcoin making it useless

[hv_]

The idea of giving away bitcoin to mass to make the rich is the most dumbest I have ever heard.You will only devaluate bitcoin making it useless

Hm - just depends on HOW (I could think of very clever logics here, despite I'm not Satoshi) it's done - and I guess price reaction will be short termed and could also be part of the logic to e.g. REMOVE some volatility...

[Karartma1]

BTC are not free coupons or free money. Anyone of us earned them one way or another in different ways and I think that's okay. Nothing like this should ever be free, it needs to be earned. That is the way of having a fair distribution.

[pooya87]

The idea of giving away bitcoin to mass to make the rich is the most dumbest I have ever heard.You will only devaluate bitcoin making it useless

Hm - just depends on HOW (I could think of very clever logics here, despite I'm not Satoshi) it's done - and I guess price reaction will be short termed and could also be part of the logic to e.g. REMOVE some volatility...

the magnitude of the effect on price would depend on the amount spread which you have in mind. but how many poor are we talking about or how much bitcoin per person?

the only possible way that can be good and effective in my opinion is donation to a "charitable organization". i have seen a couple of them in DogeCoin community but never seen any in btc.

[hv_]

The idea of giving away bitcoin to mass to make the rich is the most dumbest I have ever heard.You will only devaluate bitcoin making it useless

Hm - just depends on HOW (I could think of very clever logics here, despite I'm not Satoshi) it's done - and I guess price reaction will be short termed and could also be part of the logic to e.g. REMOVE some volatility...

the magnitude of the effect on price would depend on the amount spread which you have in mind. but how many poor are we talking about or how much bitcoin per person?

the only possible way that can be good and effective in my opinion is donation to a "charitable organization". i have seen a couple of them in DogeCoin community but never seen any in btc.

I'm just trying to really think decentral - so an 'organization' is only good, if it's on the very low level, say a leader of a very small group / village in e.g. Bangladesh or so - because that 'small' guy feels really responsible for his few poor people next door and no overhead costs are spent at all.

[DimensionZ]

I think more charities should accept Bitcoin donations so the image of the crypto currency will be connected to good causes and generosity of people. Personally I am more inclined to donate in Bitcoins than in dollars.

[hv_]

Where have you read that? Or it's just an idea... nice idea though

It just came into my mind since I think of how to make bitcoin decentral in ALL ways, not just mining, node running, accepting,.. - but also holding and sharing the wealth more equally. (Hope I lost nobody here)

So what is needed to accomplish ALL that together is always a big bunch of money. (If lost, got you back here..)

Next step is to look for what thing and who created it came most closest to that ALL ?

> Bitcoin & Satoshi

Ok - who might have the money to do final missing step ?

> <easy>

[virtualdn]

Where have you read that? Or it's just an idea... nice idea though

It just came into my mind since I think of how to make bitcoin decentral in ALL ways, not just mining, node running, accepting,.. - but also holding and sharing the wealth more equally. (Hope I lost nobody here)

So what is needed to accomplish ALL that together is always a big bunch of money. (If lost, got you back here..)

Next step is to look for what thing and who created it came most closest to that ALL ?

> Bitcoin & Satoshi

Ok - who might have the money to do final missing step ?

> <easy>

nice idea... however I'm not 100% sure that's the scope those are not spent yet... we don't really know who Satoshi is

[Daniel91]

According to what one of the goals of bitcoin should be - decentralize also the wealth, do you think that's happening?

Maybe based on breaking some threashold by price, marked cap or account number ?

I'd do that :-)

Interesting idea, really
But, before you decentralize the wealth, you have to decentralize knowledge, technology, provide some normal living conditions to everybody, give education etc.
It's really huge task and I don't think that bitcoin community or even Satoshi can do this.
It's responsibility of others, offline community first.

[hv_]

I think more charities should accept Bitcoin donations so the image of the crypto currency will be connected to good causes and generosity of people. Personally I am more inclined to donate in Bitcoins than in dollars.

I want to see an 'open network' popping up  containing the most down level group leader (proof?) /  real people on it - and their btc address -
I'd just start giving them donations.

Anybody have seen that already ?

-> Having that in the global news .... big 'image-up' thing!