Satoshi Airdrops 1 Million BTC to the Poor

[hv_]

If he does still have the access to those 1 million BTC it would be very interesting... If he airdrops it that would be even greater, however the price will drop since the poor people will be looking to by food/shelter etc., and they'll try to dump the coins as fast as possible 

Price - read upthread.


Does that formulars down hold ?



Distribute Information = INTERNET

Distribute Money = BITCOIN

Distribute Weatlh = work(INTERNET, BITCOIN)

Fun = ?

[Betwrong]

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.

Bitcoin like any other money might be given for free to the poor, that's a normal thing, we should help each other. But no way this practic should prevail over earning Bitcoins because this would be the end of it.

[virtualdn]

One of the issues it would be how to teach the poor people to use BTC... I mean its' not as easy as having real cash anyway

[crazyjack]

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.

Bitcoin like any other money might be given for free to the poor, that's a normal thing, we should help each other. But no way this practic should prevail over earning Bitcoins because this would be the end of it.

I see it this way, as many states, countries or whatsoever what we have in this world, this is how many cryptocurrencies we should have and btc will be a link between. What will people choose as their main currency will be define by their current state.

[hv_]

... "venturing into more complex ideas" ...

https://bitcointalk.org/index.php?topic=2228.msg29479#msg29479

[elizabethqueen]

One of the issues it would be how to teach the poor people to use BTC... I mean its' not as easy as having real cash anyway

yes i'm agree with that,introducing bitcoin to general or rich people is not easy and wasting time,how about poor people?its tottaly more hard i think,but if we give them giveaway first,its not too hard,have somebody try it?

[JosNekoKopa]

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

So after all premine is 1.05%?
I thought that alts with 1% premine are bad!?
How we can believe in bitcoin if someone with nickname Satoshi has almost 1 % of all coins and more than 2% of all mined till now?
Or i missing something?

[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

So after all premine is 1.05%?
I thought that alts with 1% premine are bad!?
How we can believe in bitcoin if someone with nickname Satoshi has almost 1 % of all coins and more than 2% of all mined till now?
Or i missing something?

it's not a premine, since 1) no one knew about bitcoin before, and two it was for supporting the network

you can not compare to altcoin, because altcoin are announced to a greater user base from the beginning

[BTCat]

Let's put all Bitcoins in one pot and when someone needs he can simply take some out.
Based on trust 

[Dekker3D]

But the poor though doesn't have Internet, mobile phones and laptops to make some use out of bitcoin.

[hv_]

But the poor though doesn't have Internet, mobile phones and laptops to make some use out of bitcoin.

The first guy at lowest level in a small village, feeling really responsible for his folks due to skin in the game - might have that - that's your man.

[zergenyt09]

The satoshi bitcoins are out of the circulation now in a way, he/she is not active and the coins in these addresses are most likely out forever, also if they were given to people then the overall price will decrease "if you look at it like that"

[jonald_fyookball]

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? 

Right.

OP, I think you misunderstand what Bitcoin is about as far as "Decentralize the wealth".

What exactly are we decentralizing?

Bitcoin decentralizes the trust and decentralizes the creation of money,
but it was never intended to redistribute wealth.

[hv_]

Bitcoin decentralizes the trust and decentralizes the creation of money,
but it was never intended to redistribute wealth.

I can agree if 'intended' means = not written down.

I came to this because

A: He called me up

B: I was reading between the lines

C: Does not matter

Find consensus herein....

[jonald_fyookball]

Bitcoin decentralizes the trust and decentralizes the creation of money,
but it was never intended to redistribute wealth.

I can agree if 'intended' means = not written down.

I came to this because

A: He called me up

B: I was reading between the lines

C: Does not matter

Find consensus herein....

 
Proof is in the pudding.

If Satoshi wants to distribute his 1M BTC
he will.

If he doesn't want to, he won't.
 

[BellaBitBit]

But the poor though doesn't have Internet, mobile phones and laptops to make some use out of bitcoin.

Statistics are showing that the poor are accessing the internet mostly on their phones now.  They can purchase prepaid smartphones now for 50-100.  I volunteer at a homeless shelter and the majority of people transitioning into housing with minimum wage jobs get all of their internet access through their phone. 

If you google it you can see that those making under 30k a year are twice as likely to use their phone for banking, locating jobs, and other necessities.

Also, I noticed that the people at the homeless/transitional housing shelter are quite good with their phones and know what they are doing.

It will be possible for the poor to access and understand Bitcoin.

I am into Bitcoin #1 for the possibilities for banking the unbanked all over the world - this is due to my 20 years of working with the poor.  I own my right to be idealistic 

[hv_]

But the poor though doesn't have Internet, mobile phones and laptops to make some use out of bitcoin.

Statistics are showing that the poor are accessing the internet mostly on their phones now.  They can purchase prepaid smartphones now for 50-100.  I volunteer at a homeless shelter and the majority of people transitioning into housing with minimum wage jobs get all of their internet access through their phone. 

If you google it you can see that those making under 30k a year are twice as likely to use their phone for banking, locating jobs, and other necessities.

Also, I noticed that the people at the homeless/transitional housing shelter are quite good with their phones and know what they are doing.

It will be possible for the poor to access and understand Bitcoin.

I am into Bitcoin #1 for the possibilities for banking the unbanked all over the world - this is due to my 20 years of working with the poor.  I own my right to be idealistic 

Finally some bright lights out there.... 

I live in middle-EU and we see now lots refugees coming in - many have mobiles. So next poor guy I see gets a wallet & some statoshis :-)

[PizzaBTC]

OK, let us imagine. Satoshi makes a come back and distribute his hoarding to poor or to people based on some criteria.
What will happen next.
People will convert it into fiat. So, dumping will be the result.

Satoshi will not prefer dumping to happen.

[Daimon88]

i doubt anyone has access to these coins, I think these coins are already out of the circulation and only number in the network with no actual person having access to them still, this means every other bitcoin is more valuable though since less Bitcoins are in circulation.

[The Sceptical Chymist]

Not for nothing, but when one of these scammers from Africa, say, gets some coin I always get a sense that some wealth has been redistributed for better or worse.  That's one of the things I really, really like about bitcoin--it's global, and if I wanted to help someone out in a part of the world where 500K satoshi is a significant sum, I'm very rapidly able to do so.  And those folks are able to earn money through sig campaigns and so forth.  It's a good thing, no airdropping involved.