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Btc as pow is temporary = too many people see it that way .
Don't be retarded.
POW cannot be removed from bitcoin. Otherwise bitcoin is worthless, and it does not matter if "too many people see it that way." They are wrong and have no fucking clue what bitcoin is or why bitcoin is valuable.
If bitcoin can be willy-nilly changed or ownership of coins can be changed, then what the fuck value does bitcoin have?
Maybe if bitcoin's property essentials (including the ownership of Satoshi's coins remaining either Satoshi's or whoever can steal them) were to be interrupted, then maybe bitcoin would retain some temporary illusion of value.. but I have my doubts. If coins can just be frozen or put into tail emissions or "held until claimed," then there is absolutely no way to stop such a slippery slope.. Such dumbness cannot be limited to satoshi's coins.
It is like the forking of the DAO hack. Totally fucked Ethereum's claim to decentralization - and further topped by its nonsensical move from POW to POS.
A lot of effort has been placed to flatten prices which makes it seem like POW sha 256 is temporary.
It might seem that way to you, but what the fuck vision do you have?
The mere fact that a bunch of bullshit FUD is getting spread and people are proclaiming "something's gotta be done about satoshi's coin" and you and some other guys here eat it up as if it were some kind of an emergency? Another reason to get worked up.
By 2036 we are under 200k coins 99 percent are gone.
And it is obvious fees are crushed well under .1 btc a block
So all the people in that camp will want to fuck with stuck coins.
I STARTED this coversation 5 years ago. Was mocked as stupid yet here we are many see it that way.
Yes. It was dumb 5 years ago, and it continues to be dumb.
As a miner I see real problems since coins are going by by and price is suppressed.
Now you are an expert because you are a miner?
You also happen to have less than 2 bitcoin, so how much of an expert could you be?
Moron 4 year price cycle belief hurts the coin.
People doing there all to harm mining.
Bitcoin gives no shits.. The BIGGER problem is likely the paper bitcoin fucking with price suppression to the extent that the paper bitcoin pushers are not getting called out for their not having the coins they claim to have.
And the 4 year real 1/2ing rather than a 6 year 1/2 ing. Ie a block every 15 minutes.
Why don't you deal with reality rather than what you wished were the case?
Even hodl people hurt the coin but this is complex argument because using btc as payment is not as good as scrypt would be.
Doge with its ever shrinking growth rate would always have coins for pow reward.
Time will tell if btc can be cracked
Time will tell if doge can be cracked.
You are getting even more delusional.
For now I stack
Btc
Doge
Figured you were still a lost puppy.
Bow Wow... I mean much wow..
Way more btc.
I have 9 s21xps
I have 1 L9
At least there are limits to your looney that you are suggesting to be "reasonable hedging." Remember you bought a bunch of Trump coin to hedge too? How is that Trump coin doing?
Remember in late 2022, you were selling BTC to buy T-bills? And, telling everyone else (or at least bitcoiners) to do the same? How are those T-bills doing?
She does not know what to think of this book. But thats partly because she was reading it upside down for a long while.
Your fairy is getting cuter by the day. She's growing on me.
I am certain that it's driving a certain percentage of people here crazy, but I decided that I'm willing to be this much of a jerk. But thank you!
At least you are not pumping shitcoins, yet... or proclaiming that bitcoin is dead (and satoshi's coins need to be frozen/put on tail emissions, etc) because of quantum blah blah blah, yet.
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The only reason to even discuss this is because of that massive quantity of those coins which will basically chop the value of everyone's coins in half at the least.
I for one doubt that was ever satoshi's intention.
I don't have much time today
but luckily this is finally getting some attention and we can address it at out leisure instead of kicking the can down the road as has been happening in the past when this subject comes up.
It is getting way too much attention. It does not need attention, and it is not urgent.
The only reason that it is getting attention and feeling like urgent is because a bunch of dumb twats are pushing the issue to make it more of an issue than it deserves to be.
So fucking what if Satoshi's coins get taken by some undeserved entity. It is not urgent - even though a lot of people are proclaiming it to be.
*this is not a disagreement between me and jjg,
You have a right to say whatever you want, even if you are wrong on this issue... and yeah, I believe that you genuinely believe that it is important/urgent or whatever words you were using to describe the need to discuss and "do something about satoshi's coins."
it is a discussion and we agree on most points, I am of the opinion that this is a time for use to access the problem, think of a solution as a community before arguing about any particulars. We have time, lets take advantage of that fact. Also do not forget the act even if QC does not crack those addresses, classical will eventually.
I am not sure which parts we agree upon. You think that it is important to act or discuss or to address the matter, and I do not.
I am probably not even technically astute enough to be able to articulate the extent to which "things are being worked on," or "looked into" or not, even though in recent times (including outside of this thread) I have been hearing a lot of dumb shit about "something has to be done about Satoshi's coins" and similar kinds of assertion of "fact" that I find disagreeable, and I am even hearing some smart and persuasive people making those kinds of claims.. even though I continue to disagree about the "something's gotta be done about Satoshi's coins" aspect.. and yeah, I could not even vibe code myself out of a wet paper bag... even though I still have an opinion about Satoshi's coins being satoshi's and if they are vulnerable to being hacked then let them be hacked (or QC'ed or AI'ed)...
It may well take quite a bit of time before Satoshi's coins are hacked and may well raise some issues if guys try to sell Satoshi's coins on some exchange.. which is another problem in regards to rationales to trace our coins... which affects everybody, not just what are suspected to be coins mined by Satoshi.
If we're so desperate to put all those "lost" coins back into circulation by changing the code (and essentially confiscating those coins from their rightful owners, alive or dead), then what's stopping us adding more new coins, by simply increasing the reward value (again, a code change)? No more 21M BTC limit. Make it 30M, 50M, 100M BTC, or whatever value we want.
I'm not suggesting the above, just using it as an example to show that, once we start tampering with coin ownership, coin emission, etc., there is no ending, and we risk gradually turning Bitcoin into Frankencoin.
Satoshi set the rules in 2009. 17 years have passed. Not a single sat has ever got frozen or confiscated or returned to circulation without the owner's express permission (use of private key).
Call me conservative or purist or stubborn, but I'm not at all comfortable with taking ownership of coins, whomever they belong to, and for whatever reason.
consensus.
Actually, consensus is a valid way to decide.
To me, it seems that "consensus" would probably end up resulting in a fork split and then see who goes to which fork.. and I suppose let the chips lie where they do.. I doubt that Satoshi freezing fork would get consensus.. but never say never..
It seems quite unlikely that people who actually own coins (and understand bitcoin) wouldn't agree to that level of dumb, yet the ONLY real way to test out where peeps are going to go is to fork and let dee peeps choose.. .with Blackrock and Saylor voting based on the coins that they hold on behalf of others.. hahahahahaha.. not your keys not your coins... Maybe there would be an incentive to buy your own bitcoin rather than holding them with third parties?
Poll
