Satoshi Nakamoto - 1,5 million Bitcoins - We need answers

[Fiyasko]

I bet he lost his wallet.

OHHHHHHHHHHHHHHHH SNNNNNNNNNAAAAAAAAPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP

[1714034583]

1714034583

[1714034583]

1714034583

[Phinnaeus Gage]

If I had the programming skills, I'd do it.

I have programming skills, arguably better than his, and I didn't do it. Neither did millions of other programmers.

The true novelty of Bitcoin lies in the math, not in the programming (as the programming is a reflection and implementation of the math).  That's why the programmers (and you) didn't do it.

This is getting ridiculous.

P.S. I have a maths degree. Damn, I must be an idiot.

No, you could've done it if knew how to generate the algorithm from the theory, but you didn't; he did.  And, no one else did before him.  Thus, it's novel.

The Egg of Columbus comes to mind. That's why nobody else did it and people that saw it early had all kinds of objections... "An egg of Columbus or Columbus's egg refers to a brilliant idea or discovery that seems simple or easy after the fact." A million bitcoins is the least he deserves. His "invention" is worth more than that if in the end, we have free money.

What do you call a guy who has a propensity for posting images on forums: A Banksyneer.


Egg of Columbus

[sneak]

Hehe. For some early adopters, "very little" might still be in the thousands, though.

I can understand some of them cashed in too early, though. Imagine you're a little short on cash and the bitcoin value just shot up 400% to USD 0.80!! I'd be tempted to sell, myself. I've been having a hard time holding on to my little stash myself at times.

The investor that thinks that cashing out after a 400% increase is "too early", well, isn't.

If you want to whine about it, think about the story told to me last weekend - a dude who bought a pizza for 10,000 bitcoins.  Then go try to make traditional investments that yield triple-digit APYs.  Then come back and complain.

[Phinnaeus Gage]

Satoshi Nakamoto - 1,5 million Bitcoins - We need answers  ~  http://www.youtube.com/watch?v=5j2F4VcBmeo

[BitcoinStars.com]

Satoshi Nakamoto - 1,5 million Bitcoins - We need answers  ~  http://www.youtube.com/watch?v=5j2F4VcBmeo

 

[Phinnaeus Gage]

Satoshi Nakamoto - 1,5 million Bitcoins - We need answers  ~  http://www.youtube.com/watch?v=5j2F4VcBmeo

 

Glad you enjoyed it!

[becoin]

Satoshi Nakamoto - 1,5 million Bitcoins - We need answers  ~  http://www.youtube.com/watch?v=5j2F4VcBmeo

'Or you pick up a weapon and stand opposed...'
And this is exactly what I'm gonna do. If I don't get answers I'll make a new, improved block chain that will be totally transparent from the very beginning.

[Phinnaeus Gage]

Satoshi Nakamoto - 1,5 million Bitcoins - We need answers  ~  http://www.youtube.com/watch?v=5j2F4VcBmeo

'Or you pick up a weapon and stand opposed...'
And this is exactly what I'm gonna do. If I don't get answers I'll make a new, improved block chain that will be totally transparent from the very beginning.

That's the spirit! I'm with you, and pretty sure the others who have expressed their feelings on this threatd are also. But before we make a full commitment, enlighten us on how you solved the sentiment in regards to the early adapters. We don't want any SOB's getting rich off the backs of the people who come after those early adapters of your new and improved block chain. We look forward to your answer, and  please keep us posted on your progress. I look forward to reading your thread upon roll out, so please PM me prior to you doing such. I just want to be one of the early readers.

[becoin]

enlighten us on how you solved the sentiment...

I didn't. Still working on it. Solving the problem of fair initial distribution of wealth is an epic task. Human understanding of what is fair and what is not tends to change over time and is slightly different in the different cultures and societies. I'm sure there will be many competing approaches.

[the joint]

enlighten us on how you solved the sentiment...

I didn't. Still working on it. Solving the problem of fair initial distribution of wealth is an epic task. Human understanding of what is fair and what is not tends to change over time and is slightly different in the different cultures and societies. I'm sure there will be many competing approaches.

In my opinion, you're facing a problem of literally universal proportions.

Universal syntax incorporates (at the very least) the roots of justice and fairness if not justice and fairness itself.  Since this syntax guides content (e.g. us acting within the universe) it creates the very problem you're trying to solve while simultaneously unfolding the solution.  This solution has been and continues to be since the 'beginning' (for lack of a better word) of time.  Good luck.

[Phinnaeus Gage]

enlighten us on how you solved the sentiment...

I didn't. Still working on it. Solving the problem of fair initial distribution of wealth is an epic task. Human understanding of what is fair and what is not tends to change over time and is slightly different in the different cultures and societies. I'm sure there will be many competing approaches.

In my opinion, you're facing a problem of literally universal proportions.

Universal syntax incorporates (at the very least) the roots of justice and fairness if not justice and fairness itself.  Since this syntax guides content (e.g. us acting within the universe) it creates the very problem you're trying to solve while simultaneously unfolding the solution.  This solution has been and continues to be since the 'beginning' (for lack of a better word) of time.  Good luck.

+1

&

+1

[Piper67]

enlighten us on how you solved the sentiment...

I didn't. Still working on it. Solving the problem of fair initial distribution of wealth is an epic task. Human understanding of what is fair and what is not tends to change over time and is slightly different in the different cultures and societies. I'm sure there will be many competing approaches.

In my opinion, you're facing a problem of literally universal proportions.

Universal syntax incorporates (at the very least) the roots of justice and fairness if not justice and fairness itself.  Since this syntax guides content (e.g. us acting within the universe) it creates the very problem you're trying to solve while simultaneously unfolding the solution.  This solution has been and continues to be since the 'beginning' (for lack of a better word) of time.  Good luck.

+1

&

+1

Agreed, +1 for the concept of the universality of the proposition and +1 for including time as a dimension.

[Jack of Diamonds]

If you do create a new fork, why not just make a mechanism which allows for the destruction of coins as well?

Then just mine & destroy the first few million easy coins in a way which can be publically proven & seen to have taken place.

After that, release it to the public.
Or start at a higher difficulty right away.

[Phinnaeus Gage]

If you do create a new fork, why not just make a mechanism which allows for the destruction of coins as well?

Then just mine & destroy the first few million easy coins in a way which can be publically proven & seen to have taken place.

After that, release it to the public.
Or start at a higher difficulty right away.

Oh, MMFG! Does anybody else realized what could have been released here? Nothing would stop an individual from doing what Jack of Diamonds just divulged. Somewhere down the road there possibly could be an all out virtual currency war--one chain (rhymes with gang) taking out another chain, all in the name of increasing its worth.





This just in here at CNNNN&N! Although full details are not yet available, sources from the net confirm that users of BieberCoin have destroyed another million Bitcoin. Bitcoin, the granddaddy of virtual currency, is currently fighting a 17 front war. As you recall, yesterday we reported that it was way to quiet over at the Bieber camp, and that an attack seemed imminent. Today, our suspicion proved correct. We're joined now with Hash Newman, over at the AnonLulzCoin camp. Howdy, Hash. Nice outfit you're wearing. You seem to blend right in...

[Piper67]

If you do create a new fork, why not just make a mechanism which allows for the destruction of coins as well?

Then just mine & destroy the first few million easy coins in a way which can be publically proven & seen to have taken place.

After that, release it to the public.
Or start at a higher difficulty right away.

Oh, MMFG! Does anybody else realized what could have been released here? Nothing would stop an individual from doing what Jack of Diamonds just divulged. Somewhere down the road there possibly could be an all out virtual currency war--one chain (rhymes with gang) taking out another chain, all in the name of increasing its worth.





This just in here at CNNNN&N! Although full details are not yet available, sources from the net confirm that users of BieberCoin have destroyed another million Bitcoin. Bitcoin, the granddaddy of virtual currency, is currently fighting a 17 front war. As you recall, yesterday we reported that it was way to quiet over at the Bieber camp, and that an attack seemed imminent. Today, our suspicion proved correct. We're joined now with Hash Newman, over at the AnonLulzCoin camp. Howdy, Hash. Nice outfit you're wearing. You seem to blend right in...

Hmmm... except with each bitcoin destroyed, the value of all other bitcoins will just go up... it'd be like shooting yourself in the foot.

[Mageant]

So what?

Even if Satoshi holds all these Bitcoins, at current market prices he would only have $15 million.

Compare this to Bill Gates who also created a revolutionary type of software and who now owns something like $50 billion, that's 3000 times more.

[bitv]

So what?

Even if Satoshi holds all these Bitcoins, at current market prices he would only have $15 million.

Compare this to Bill Gates who also created a revolutionary type of software and who now owns something like $50 billion, that's 3000 times more.

Yet Satoshi could more permanent damage to Bitcoin than Gates could do to USD. That's the concern for most people.

[ttk2]

So what?

Even if Satoshi holds all these Bitcoins, at current market prices he would only have $15 million.

Compare this to Bill Gates who also created a revolutionary type of software and who now owns something like $50 billion, that's 3000 times more

Yet Satoshi could more permanent damage to Bitcoin than Gates could do to USD. That's the concern for most people.

And the fed can and is doing permanent damage to the dollar, people don't seem to care so much about that. The design of bitcoin is absolute genius,  santioshi deserves how ever many coins he has , simply because they would never have existed without him. The chain was public from day one, people just did not know it existed.

[Phinnaeus Gage]

If you do create a new fork, why not just make a mechanism which allows for the destruction of coins as well?

Then just mine & destroy the first few million easy coins in a way which can be publically proven & seen to have taken place.

After that, release it to the public.
Or start at a higher difficulty right away.

Oh, MMFG! Does anybody else realized what could have been released here? Nothing would stop an individual from doing what Jack of Diamonds just divulged. Somewhere down the road there possibly could be an all out virtual currency war--one chain (rhymes with gang) taking out another chain, all in the name of increasing its worth.





This just in here at CNNNN&N! Although full details are not yet available, sources from the net confirm that users of BieberCoin have destroyed another million Bitcoin. Bitcoin, the granddaddy of virtual currency, is currently fighting a 17 front war. As you recall, yesterday we reported that it was way to quiet over at the Bieber camp, and that an attack seemed imminent. Today, our suspicion proved correct. We're joined now with Hash Newman, over at the AnonLulzCoin camp. Howdy, Hash. Nice outfit you're wearing. You seem to blend right in...

Hmmm... except with each bitcoin destroyed, the value of all other bitcoins will just go up... it'd be like shooting yourself in the foot.

I had a nice little war ready to start here, until you brought logic into the equation.

[ctoon6]

this makes me think, maby we should start over.

later, some real issues could come along if an early adopter decided or simply gets compromised and the market gets flooded.

however this should not be done now, we should wait a few more months.