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Author Topic: Message to Satoshi, please dump your 1million bitcoins  (Read 1273 times)
fiulpro
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January 07, 2018, 06:08:23 PM
 #61

Pardon me but that's exactly how a terrorist thinks.

' The world's a cruel place , let's just wipe everything up and start over '

What he fails to understand is that starting over is doing a mockery upon all the people who have worked forward to achieve this very place it is now.

Just like that bitcoins have seen a lot of ups and downs , a lots of effort has been put into it to make it amazingly dominant and worth the wait, I do think that instead of starting over .. making corrections will be more appropriate.

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Kprawn
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January 07, 2018, 06:26:03 PM
 #62

Satoshi, bitcoin is extremely volatile and run by organizations now, not the people. There's constant forks such as Bitcoin Cash and other garbage that shows just how jokey the coin is. The only thing worthwhile is the blockchain itself and I honestly believe this was not meant to function as a method of payment, but as a method of storage(Bitcoin's constant dramatic price changes, good and bad, show this)
 
My resolution? Dump all your bitcoins on the biggest exchanges and destroy the currency, then start over.

What makes you think dumping the coins will stop people from forking the coin or creating other Alt coins? The Blockchain is

the core thing that are being exploited at the moment. When a Bank or some financial institution says they are not interested

in the Bitcoin token, but only in the Blockchain technology, then you know we did something right.  Grin

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Mike Mayor
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January 07, 2018, 11:55:48 PM
 #63

Haven't heard something that stuff I'd for awhile now. That wouldn't help and Bitcoin is a method of payment and obviously it's violatile it's a new currency currently in adoption. It's not like fiat which has been around and has been established and used for a very long time. The same thing will just happen and Satoshi could always buy some Bitcoin back.

Pettuh4
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January 08, 2018, 05:38:42 AM
 #64

Satoshi, bitcoin is extremely volatile and run by organizations now, not the people.

Bitcoin volatility is well documented, but do you have a source in saying that Bitcoin is being run by an organizations?

There's constant forks such as Bitcoin Cash and other garbage that shows just how jokey the coin is.

I actually think forks show the exact opposite; it makes a great foundation for some shitcoin some random person is trying to launch. Fact of the matter is, most altcoins were based off Bitcoin, which is a testament as to how solid it is.

The only thing worthwhile is the blockchain itself and I honestly believe this was not meant to function as a method of payment, but as a method of storage(Bitcoin's constant dramatic price changes, good and bad, show this)

It was meant as a method of payment. Whether it is ideal as a form of payment is up in the air. I personally believe it could be, and that its value will settle down once it actually gets a good chunk of adoption.

My resolution? Dump all your bitcoins on the biggest exchanges and destroy the currency, then start over.

I'm not sure this will destroy Bitcoin. It will cause a massive slide, yes, but recovery isn't out of the question. Not to mention that this will never happen; Satoshi has had every opportunity to be a billionaire and has never taken it. He's not going to take it now.

That will indeed shook some of the foundation but it is a mere 5% of the total amount of bitcoins to be mined and so it will not be able to completely render it useless if he dumps them but rather it will be cheap and others will buy at this time and join so the price will likely rise back up.
BORDS
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January 08, 2018, 06:07:04 AM
 #65

if what you are trying to imply is true that satoshi still has a stack of million bitcoin's.
then i believe enticing him to sell this will cause more disadvantage rather than benefits.
aside from totally disrupting the market price - other people may also lose trust with bitcoin and make them leave it for good.
.
for me it will be better if we will leave it the way it is.
if satoshi was able to hold it until this time then it only means that he can hold it for a longer time.
we don't have to be afraid of what he is hodling because i am confident that he knows what he has to do with it.
Kryptcoin
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January 21, 2018, 01:25:32 AM
 #66

I wonder why you will think this low  Huh. I don't blame you but sorry, bitcoin can never comeback to $0.01 for you to buy.
jpespa
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January 21, 2018, 01:51:31 AM
 #67

Bitcoin so has been so successful since its creation because it has manage to survived the struggles that are being faced by the new coins today like the reliability and accessibility. Bitcoin has almost been able to blend in the world of market. Do you really think such thing like destroying bitcoin then start over will be beneficial?

Siren
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January 21, 2018, 02:09:28 AM
 #68

Nope. Honestly, That would be a huge disaster for everyone.

That's the point. The coin is not decentralized nor revolutionary(only the blockchain is), and has none of the bearings of an actual currency(no sane average person is going to use bitcoin to buy groceries when it's price can drop down $1,000 within 24 hours, etc). After all these years, it's still just a pump and dump pennystock
you got the point mate,but still if satoshi do as what OP says the whole crypto will collapsed and no one  coin will survive..why not just let the market flows on its own way.dont interfere on the pricing becaue the survival rate of market depends on the value of the coins in circulations.
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