Scratch the first year of Bitcoin to save it?

[kwukduck]

Everyone that was here from the start knows what great potential bitcoin had, what a great idea it was.
We also know the current price says nothing and is pure manipulation by a few big players.

My idea is to hard fork bitcoin for normal users and put the big manipulators out of play.
We can remake bitcoin to invalidate the first year of all bitcoin. This would take away hundreds of millions of get-rich-quick money from these manipulators that are trying to scam us out of our money.
It sounds like an extreme idea but cryptocurrencies can easily survive hard forks as we've seen over and over.
We NEED to get rid of these overly rich GREEDY manipulators in order to SAVE Bitcoin.
We also need a new team of motivated and intelligent developers that can address the flaws Bitcoin still suffers, as current development has pretty much halted.

Bitcoin still has so much potential.

What do you guys think, how would this work out?

[tee-rex]

Everyone that was here from the start knows what great potential bitcoin had, what a great idea it was.
We also know the current price says nothing and is pure manipulation by a few big players.

My idea is to hard fork bitcoin for normal users and put the big manipulators out of play.
We can remake bitcoin to invalidate the first year of all bitcoin. This would take away hundreds of millions of get-rich-quick money from these manipulators that are trying to scam us out of our money.
It sounds like an extreme idea but cryptocurrencies can easily survive hard forks as we've seen over and over.
We NEED to get rid of these overly rich GREEDY manipulators in order to SAVE Bitcoin.
We also need a new team of motivated and intelligent developers that can address the flaws Bitcoin still suffers, as current development has pretty much halted.

Bitcoin still has so much potential.

What do you guys think, how would this work out?

If you ask me, then no, it won't and couldn't possibly work out. The reason for that is very simple. Just imagine that those first year greedy beasts got stripped of their wealth somehow. Let's say they all lost their private keys and thus the capacity to manipulate the market. And what would it change in the end? Some people with heaps of money could still buy a lot of bitcoins of what is left, and we would be basically back to where we are now having the same greedy manipulators.

[Snorek]

As much as I don't like price manipulation and behind the closed door financial schemes myself, I find your idea is simply not good.

Firstly - we unfortunately can't get rid of whales, if you eliminate one, then we will have two others in his place.

Secondly - hard forking bitcoin just to get rid of people who you think are harming our economy is against bitcoin.

Thirdly - your purge will have exactly opposite effect on Bitcoin, it will undermine trust and make the market crash.

[Chris!]

Or better yet we could each receive an equal portion of bitcoins as a salary from one dictator. Doctors, lawyers, burger flippers and retail workers would all have the same bitcoin salary.

It sounds so familiar. I just can't put my finger on it...

[talkbitcoin]

Everyone that was here from the start knows

everyone who has been around knows who you are and your post history says it all.

blah blah manipulation blah blah

What do you guys think, how would this work out?

i think manipulators like you, especially those who use social media to spread the FUD should be arrested or at least kicked out of the crypto market so that the price can continue rising generically as it has been so far.

[BiTZeD]

No ! If people were here before you, that's good for them. You're just jealous of them. To me, their braveness to invest in that technology, either time or money, should be rewarded as it is now.

[CoinCidental]

Everyone that was here from the start knows what great potential bitcoin had, what a great idea it was.
We also know the current price says nothing and is pure manipulation by a few big players.

My idea is to hard fork bitcoin for normal users and put the big manipulators out of play.
We can remake bitcoin to invalidate the first year of all bitcoin. This would take away hundreds of millions of get-rich-quick money from these manipulators that are trying to scam us out of our money.
It sounds like an extreme idea but cryptocurrencies can easily survive hard forks as we've seen over and over.
We NEED to get rid of these overly rich GREEDY manipulators in order to SAVE Bitcoin.
We also need a new team of motivated and intelligent developers that can address the flaws Bitcoin still suffers, as current development has pretty much halted.

Bitcoin still has so much potential.

What do you guys think, how would this work out?

Only someone who can't afford a decent amount of btc would post such mindless drivel...

[amacar2]

However i think hard forks can easily become reason to split any crypto network into two networks where only one network can win just like how ETH got splitted into two recently after hard fork. Better to stick with current bitcoin network and the idea of cleaning up early adopter's bitcoin is like robbing them.

[helloeverybody]

Lol, I thought Op was being serious when i first read that proposal. I would have loved to have been in on bitcoin in the first year as much as everyone else but obviously something like removing the coins from the first year is a total no go. That would onjly bring bitcoin to collapse if people in the future had to worry about their money being forked away from them.

[Holliday]

My idea is to hard fork bitcoin for normal users and put the big manipulators out of play.

Just do it man. Hardfork and let it compete on the market. See what happens!

This is one of the beauties of Bitcoin. Every half-wit with some hair-brained idea can implement it at any time.

Fork it, get your superior coders, and share it with everyone.

I'll be holding my breath in anticipation!

[piloder]

Hardfork for bitcoin ? why it is needed? no any problem in network and only to clean up what whales have you want hard fork? 

I don't think it is good idea to stop manipulation as the one with lots of fiat can easily again grab all bitcoins from poor holders from trading.

[Monnt]

Hey, I see bitcoin price appreciate by more than +0.6% which is better than negative growth, I do not think there is any possibility of bitcoin price to fall because we are in the ember months in which people make lots of purchases with bitcoin. The potential of bitcoin is truly unlimited, the consequences of recent halving yet to come out, maybe this year end hype may bring $1000 levels too.

[MingLee]

No.

An action that forces users out of the Bitcoin economy is a net negative and destroys the confidence major investors have in Bitcoin. This proceeds to impact the value, and so on and so forth. They took a risk getting in on something early, and got rewarded for it later on.

There is legitimately no need to scratch off the first year of Bitcoin. None. All I see here is a rationalization based around "they have more and I don't have as much so get rid of them".

[pooya87]

My idea is to hard fork bitcoin for normal users and put the big manipulators out of play.

Just do it man. Hardfork and let it compete on the market. See what happens!
This is one of the beauties of Bitcoin. Every half-wit with some hair-brained idea can implement it at any time.
Fork it, get your superior coders, and share it with everyone.
I'll be holding my breath in anticipation!

it seems like you have a death wish for bitcoin!
bitcoin is not yet forked and still in the "suggestion" area and developers and community is already divided into different groups of core, classic, blah blah

and you think hardforking it all of a sudden is a good thing!!!

[jondeen707]

As much as I don't like price manipulation and behind the closed door financial schemes myself, I find your idea is simply not good.

Firstly - we unfortunately can't get rid of whales, if you eliminate one, then we will have two others in his place.

Secondly - hard forking bitcoin just to get rid of people who you think are harming our economy is against bitcoin.

Thirdly - your purge will have exactly opposite effect on Bitcoin, it will undermine trust and make the market crash.

True. If this were to happen, it would have a directly opposite effect on bitcoin and undermine the very foundation it's built on and why some many people turned to it - it's decentralization and immutability.

[Monetizer]

Don't get me wrong, I love bitcoin dearly. In saying this I don't see bitcoin as the most used cryptocurrency going forward, I think it is more likely a big organization that is Pro-decentralization creates and heavily advertises a worldwide cryptocurrency based on bitcoin with that becoming instantly extremely popular and eventually overtaking it in popularity based on its "Fairer" start etc.

[CoinCidental]

Don't get me wrong, I love bitcoin dearly. In saying this I don't see bitcoin as the most used cryptocurrency going forward, I think it is more likely a big organization that is Pro-decentralization creates and heavily advertises a worldwide cryptocurrency based on bitcoin with that becoming instantly extremely popular and eventually overtaking it in popularity based on its "Fairer" start etc.

there will never be a "fair" commodity that is scarce as wsell
nothing can stop wealthy millionaires or billionaires buying more than the average joe
and so it would be a waste of time to strip the early whales because there would just be new whales

most of the people who had btc back in 2009 are probably already cashed out all or most of it ,with the exception of
the satoshi coins from that era  that have never moved and might never move at all .........

[Monetizer]

Don't get me wrong, I love bitcoin dearly. In saying this I don't see bitcoin as the most used cryptocurrency going forward, I think it is more likely a big organization that is Pro-decentralization creates and heavily advertises a worldwide cryptocurrency based on bitcoin with that becoming instantly extremely popular and eventually overtaking it in popularity based on its "Fairer" start etc.

there will never be a "fair" commodity that is scarce as wsell
nothing can stop wealthy millionaires or billionaires buying more than the average joe
and so it would be a waste of time to strip the early whales because there would just be new whales

most of the people who had btc back in 2009 are probably already cashed out all or most of it ,with the exception of
the satoshi coins from that era  that have never moved and might never move at all .........

I agree to an extent. Fair is not the right word for the situation but I will use it anyway as I can't think of a better word. If a new currency came and the wealthy became whales wouldnt this be "Fairer" than the lucky couple of people who stumbled across bitcoin early?

I'd agree with what you are saying if bitcoin popularity encompassed a financial revolution redefining who is rich in the world. I don't see this as happening atleast in the next 5 years meaning to me it IS fair that the rich will have more BTC as that is how our current system works.

[tee-rex]

Don't get me wrong, I love bitcoin dearly. In saying this I don't see bitcoin as the most used cryptocurrency going forward, I think it is more likely a big organization that is Pro-decentralization creates and heavily advertises a worldwide cryptocurrency based on bitcoin with that becoming instantly extremely popular and eventually overtaking it in popularity based on its "Fairer" start etc.

there will never be a "fair" commodity that is scarce as wsell
nothing can stop wealthy millionaires or billionaires buying more than the average joe
and so it would be a waste of time to strip the early whales because there would just be new whales

most of the people who had btc back in 2009 are probably already cashed out all or most of it ,with the exception of
the satoshi coins from that era  that have never moved and might never move at all .........

I agree to an extent. Fair is not the right word for the situation but I will use it anyway as I can't think of a better word. If a new currency came and the wealthy became whales wouldnt this be "Fairer" than the lucky couple of people who stumbled across bitcoin early?

But what difference would that make in the end, if any? Besides, I would certainly prefer to see some tech-savvy people become rich through their industrious effort rather than some moneybags get yet richer just for the fact they had already been rich before that. And how many strangers were actually there among the first Bitcoin adopters, who had been just lucky to stumble across Bitcoin early according to you?

[mindrust]

Bitcoin is fine. Those manipulators are not a threat. Look what happened to ethereum and the fork supporters. ETC is dead as hell and it killed ETH along with itself. A fork will just kill bitcoin.