Theymos: “Bitcoins Belonging to Satoshi Should Be Destroyed”

[cjmoles]

I think the big picture here is that the security of the project may be compromised by technological advances in the future.  By extrapolating the threats of those technological advances, we may be able to shunt the consequences of more advanced technology and insure bitcoin's security keeps pace with the industry.  Advances in technology are not the only threat; advances in mathematics and analytics also pose a threat to the network's security.  

The way we approach the matter will determine the projects success.  We must ask ourselves: what is the goal of setting up this "trustless" system?  Is it a wealth grab, or is it a system by which  we might foster and force social and political change?

My only point here is that bitcoin is worth more than our personal stakes in the project....measuring it's value against some "supposed" store of wealth is naive.  The value of bitcoin is in the fact that it is a trustless, decentralized, mechanism that allows the network to interact without third party interference.  Once we break that mechanism by interfering as a third party, whether by consensus or some other means, then it loses it's reputation for having the ability to bring about larger social changes.  We have to remember this: sometimes the "whole" is the third party that is interfering!  

We shouldn't even be thinking about touching anybody else's stake in the project because that breaks the intention of the chain!

[iCEBREAKER]

Hitler

... And there goes the thread, "A wild Hitler appears!".

Importing fake /r/btc stories about "zomg thermos gonna sensor ship satoshi's coinz" shows how bored we drama addicts are now the Civil War is over.   

Bitcoin Judas using the absurd rumor for click bait also demonstrates he's desperate for traffic, as his interest in his rump forum evaporates (in the manner of XT) like a dream in the morning.

I bet (but not on casino.bitcoin.com) Ver is glad the Fake Satoshi story distracted everyone from his self-publicized inability to understand you can't spend unconfirmed outputs (duh!).

[Jmild1]

This is somehow worst. Who gives the right to destroy people's money. Even he mined almost 1million amount of bitcoin, you don't have the right to destroy it though just to comply with your perspectives. For the soft fork solution I am more into securing the address "OP_LAMPORT" . I think if we use this method all users will benefit into it.

[Ultrafinery]

This is one thing that Theymos will have to respectfully disagree about.

If you're directly responding to the quote in the title, theymos has never said that. This is a false quote.

You're right, Jean Pierre clearly needs to lrn 2 punctuate right.
Below are a few examples of better quotation marks usage, with a bonus informal inline citation:

"I think that the very-rough [sic] consensus is that old coins should be destroyed before they are stolen to prevent disastrous monetary inflation."--Theymos, https://www.reddit.com/r/Bitcoin/comments/4isxjr/petition_to_protect_satoshis_coins/d30we6f

From this we can reasonably infer no more than theymos' understanding of the situation, i.e. he thinks "that there is a "very-rough [sic] consensus ... that old coins should be destroyed before they are stolen."
Assuming that he himself is a part of that "very-rough [sic] consensus," or that the "old coins should be destroyed before they are stolen" belong to Satoshi would be no more than that -- an assumption.

That's what you meant, right?

[Lauda]

I was. Thank you for the correction. I forgot I was at bitcointalk for a moment. 

You forgot that Bitcoin.com - "related people" love this forum, theymos and Core.

You're right, Jean Pierre clearly needs to lrn 2 punctuate right.
-snip-
That's what you meant, right?

I meant what I said; he has never stated the following:"Bitcoins Belonging to Satoshi Should Be Destroyed”.

Assuming that he himself is a part of that "very-rough [sic] consensus," or that the "old coins should be destroyed before they are stolen" belong to Satoshi would be no more than that -- an assumption.

He added an update on reddit and stated that there was no clear way to identify for sure which coins are satoshi's.

[Ultrafinery]

He added an update on reddit and stated that there was no clear way to identify for sure which coins are satoshi's.

In other words, "Bitcoins Belonging to Satoshi Should Be Destroyed” is incorrect. What theymos actually did say in the topic titled "Petition to Protect [and by "protect" OP means "destroy" lol -ed.] Satoshi's Coins" was that ALL old coins, not just Satoshis', "should be destroyed before they are stolen to prevent disastrous monetary inflation."
Thanks for clearing that up

[unamis76]

Unfortunately I'll have to disagree with theymos too. Nobody can guarantee that these coins are lost, nor hacked and I don't think people joined Bitcoin back then (or join Bitcoin now) because eventually some coins will be lost and all other will have a bigger value...

[BurtW]

Unfortunately I'll have to disagree with theymos too. Nobody can guarantee that these coins are lost, nor hacked and I don't think people joined Bitcoin back then (or join Bitcoin now) because eventually some coins will be lost and all other will have a bigger value...

Did you read the thread?

Answer:  Obviously not.

Did you spam your signature campaign?

Answer:  Of course.

[Lauda]

Did you spam your signature campaign?

Answer:  Of course.

I was just about to post the same thing and you've beat me to it. That post has zero relevance to the whole thread, maybe a bit to OP but that is it.

In other words, "Bitcoins Belonging to Satoshi Should Be Destroyed” is incorrect.

Indeed. This is not what theymos said.

What theymos actually did say in the topic titled "Petition to Protect [and by "protect" OP means "destroy" lol -ed.] Satoshi's Coins" was that ALL old coins, not just Satoshis', "should be destroyed before they are stolen to prevent disastrous monetary inflation."
Thanks for clearing that up

It is clear that Bitcoin.com tried to undermine theymos with this, knowing that the idea would get a backlash from the community as soon as people see the quote: "Bitcoins Belonging to Satoshi Should Be Destroyed”

[BurtW]

Unfortunately I'll have to disagree with theymos too. Nobody can guarantee that these coins are lost, nor hacked and I don't think people joined Bitcoin back then (or join Bitcoin now) because eventually some coins will be lost and all other will have a bigger value...

One more question:

Are you really a Hero member (actually been here long enough to be a Hero)?

No, I bought this account so I could spam the forum.

[chek2fire]

what a nonsense is that from Theymos? This is a completely ridiculous idea that no one will ever support.

[Bitware]

So, if a person spent tens of thousands to millions of dollars to buy miners and mined for a while, then got in a bar fight and killed a man, then went to prison for 20 years, when he gets out his investment is gone?

Same if he goes into a coma for 30 years then wakes up.

Same if he is in a plane/ship crash and washes up on a unmapped tropical island for 15 years.

What about the astronaut on the moon or mars for 10 years.

Lots of other scenarios.

[Ultrafinery]

^^It's the antithesis frickin' opposite of what bitcoin is meant to be. Remember catchy blurbs like "secured by math, not [corruptible] people"?
Change that to "secured by maths, except for when theymos decides to help out. Then your money's gone."

What theymos actually did say in the topic titled "Petition to Protect [and by "protect" OP means "destroy" lol -ed.] Satoshi's Coins" was that ALL old coins, not just Satoshis', "should be destroyed before they are stolen to prevent disastrous monetary inflation."
Thanks for clearing that up

It is clear that Bitcoin.com tried to undermine theymos with this, knowing that the idea would get a backlash from the community as soon as people see the quote: "Bitcoins Belonging to Satoshi Should Be Destroyed”

To be clear, you feel that our Rogerian Enemy's choice to single out Satoshi was an underhanded attempt to undermine theymos.
Had they only not lied, but said "Theymos proposes to destroy ALL the coins mined prior to 2012, not just Satoshi's," bitcoin community would have applauded the idea?

[BlindMayorBitcorn]

what a nonsense is that from Theymos? This is a completely ridiculous idea that no one will ever support.

In the original quote I believe what Theymos actually said was the bitcoins ought to be raffled off. I don't have the link handy.



@Adam You mean the raffle?

[adamstgBit]

Worst idea ever.

+1

[cjmoles]

So, if a person spent tens of thousands to millions of dollars to buy miners and mined for a while, then got in a bar fight and killed a man, then went to prison for 20 years, when he gets out his investment is gone?

Same if he goes into a coma for 30 years then wakes up.

Same if he is in a plane/ship crash and washes up on a unmapped tropical island for 15 years.

What about the astronaut on the moon or mars for 10 years.

Lots of other scenarios.

Better yet:  What about coin trapped in a time lock (CLTV)?  Or trust?  What about "smart contracts" and escrow? There's just too many reasons why this line of reasoning is absurd. However, it doesn't mitigate the fact that there may be a serious concern about the advancement in technology and the futuristic security of the block chain ledger. All these things will need to be discussed sooner or later.... Having a dialogue about these issues now is very astute and demonstrates an aforethought.  The remedy is a whole different creature altogether, but it's best to leave no rock unrolled. Right?

[GreenBits]

Did you spam your signature campaign?

Answer:  Of course.

I was just about to post the same thing and you've beat me to it. That post has zero relevance to the whole thread, maybe a bit to OP but that is it.

In other words, "Bitcoins Belonging to Satoshi Should Be Destroyed” is incorrect.

Indeed. This is not what theymos said.

What theymos actually did say in the topic titled "Petition to Protect [and by "protect" OP means "destroy" lol -ed.] Satoshi's Coins" was that ALL old coins, not just Satoshis', "should be destroyed before they are stolen to prevent disastrous monetary inflation."
Thanks for clearing that up

It is clear that Bitcoin.com tried to undermine theymos with this, knowing that the idea would get a backlash from the community as soon as people see the quote: "Bitcoins Belonging to Satoshi Should Be Destroyed”

Yes, this concept can have several seats. While I initially responded on this because it touched a wtf?! place in my heart, it's become clear now that this was an intentional misquote, and the T-Man himself has expressed in this very thread that he did not intend to be construed as he had. This is bitcoin.com click bait, we can move on

[Rizky Aditya]

We all wouldn't even be here if Satoshi didn't make Bitcoins. He made the best currency, in my opinion, in the world. Doesn't he deserve a reward for doing that?

[adamstgBit]

Theymos is known to be pro censorship when the end results suits his interest.

We all wouldn't even be here if Satoshi didn't make Bitcoins. He made the best currency, in my opinion, in the world. Doesn't he deserve a reward for doing that?

there's that, and also the fact that it would basically prove bitcoin as a failed experiment.
The network was able to "destroy" someone's ( and not just anyone's ) coins without the PK? O_o?
i think there's simply no way any significant hashing power would back this most ridiculous fork proposal, the idea is just a crazy though. when / where is this quote from anyway?

[iCEBREAKER]

Theymos is known to be pro sensor ship when the end results suits his interest.

We all wouldn't even be here if Satoshi didn't make Bitcoins. He made the best currency, in my opinion, in the world. Doesn't he deserve a reward for doing that?

there's that, and also the fact that it would basically prove bitcoin as a failed experiment.
The network was able to "destroy" someone's ( and not just anyone's ) coins without the PK? O_o?
i think there's simply no way any significant hashing power would back this most ridiculous fork proposal, the idea is just a crazy though. when / where is this quote from anyway?

The story must be true because it's been Roger VERified.   

https://news.bitcoin.com/theymos-bitcoins-satoshi-destroyed