Democratic manipulation of the Silk Road 29,655 bitcoins

[shitscared]

Personally I don't wanna see these coins go to some rich revolving door asswipe, or being held by someone who's going to flush the market down the can i.e like the slam dunk sells on the GLD/SLV markets. Just like they manipulate the so called real markets, I think it would we should have a democratic vote to manipulate these coins on a upcoming block and re-direct them of to a good cause like charity. Lets call this project "Will you do me a solid"

It involve

* A vote on if this, and implementation
* The known the wallet address of these coins
* Create a special block when its found transfer's these coins to the charities bitcoin addresses

Can a moderator create a vote for this topic please. Vote "Lets do it, or Nah I love manipulated markets"

J

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[Holliday]

"I don't like manipulated markets, so lets manipulate the market."

I will sell all of my altcoins which are created when you fork Bitcoin for this purpose and use those funds to purchase actual bitcoins.

I hope you, and everyone else who favors these types of measures, enjoy your new altcoin! Sincerely. Maybe then you will stop trying to turn Bitcoin into something it is not.

[shitscared]

"I don't like manipulated markets, so lets manipulate the market."

I will sell all of my altcoins which are created when you fork Bitcoin for this purpose and use those funds to purchase actual bitcoins.

I hope you, and everyone else who favors these types of measures, enjoy your new altcoin! Sincerely. Maybe then you will stop trying to turn Bitcoin into something it is not.

How about u stick a fork in your ass

[cr1776]

"I don't like manipulated markets, so lets manipulate the market."

I will sell all of my altcoins which are created when you fork Bitcoin for this purpose and use those funds to purchase actual bitcoins.

I hope you, and everyone else who favors these types of measures, enjoy your new altcoin! Sincerely. Maybe then you will stop trying to turn Bitcoin into something it is not.

How about u stick a fork in your ass

Nice way to react.  Face it, this is a hard fork, if you think it is a good idea to ruin fungibility, go ahead and fork the clients and the blockchain then see how many people agree and use your fork.

A poll here does nothing, make the changes to the code and let people be free to decide.

[shitscared]

Well I voted at a $1000 and sold out, so really its your problem.

[jballs]

I guess this is one of those things I am going to end up saying 100 times.

29,000 BTC dumped on the market will do nothing, It is highly improbable they will dump them anyway. There are 14 million coins. Daily volume has exceeded 100k on any one exchange many times. It doesn't matter.

I will not be the slightest bit surprised if the first day the ETF is up and running they bring in 1 billion or more. If not the first day, the first week for sure. There is ~100,000 in new demand. Probably will exceed 10 billion the first year.

29k coins is a rounding error, just forget about them they don't matter. The department of justice annual budget is $27 billion. I.e the silkroad stash is 1 thousandth of their revenue. Treasury's is, well.. lol. Not finite.

Let it go man, they're gone.

[byt411]

Just leave those coins alone. If you are a merchant, you may choose to not accept those coins, but generally I have no problem with them.

[Bitware]

Bitcoins are not good nor bad.

People are good and bad.

All Bitcoins need to forever be treated equally.

[BurtW]

"I don't like manipulated markets, so lets manipulate the market."

I will sell all of my altcoins which are created when you fork Bitcoin for this purpose and use those funds to purchase actual bitcoins.

I hope you, and everyone else who favors these types of measures, enjoy your new altcoin! Sincerely. Maybe then you will stop trying to turn Bitcoin into something it is not.

How about u stick a fork in your ass

Great post Holliday!  Short, direct, to the point.  Well, I guess this proves that "practice makes perfect" and after answering this very same idiotic "let's take the FBI coins" idea in dozens and dozens of threads you have gotten it down to a science!

[Nikinger]

No. Preserving fungibility is too important to mess with. I wouldn't use a coin which is messed by some (wannabe) robin hoods.
The opinion of the majority isn't always the right opionion.

[Holliday]

"I don't like manipulated markets, so lets manipulate the market."

I will sell all of my altcoins which are created when you fork Bitcoin for this purpose and use those funds to purchase actual bitcoins.

I hope you, and everyone else who favors these types of measures, enjoy your new altcoin! Sincerely. Maybe then you will stop trying to turn Bitcoin into something it is not.

How about u stick a fork in your ass

This is how you respond to someone who fully supports your idea?

Look. I want you to fork Bitcoin into the altcoin-where-you-can-freeze-addresses-at-a-whim. I want the opportunity to see these two coins compete in the market. I want to show you how miserably your fork will fail because no one wants to hold an asset that can be frozen at a whim. I want that failure to point to when someone like you says again in the future that we should freeze an address because they dislike the owner.

The main reason that I want you to fork Bitcoin is so that I can sell my altcoins-where-you-can-freeze-addresses-at-a-whim to people who support that kind of thing and purchase more actual bitcoins for myself.

So, please, get this ball rolling!

[cr1776]

"I don't like manipulated markets, so lets manipulate the market."

I will sell all of my altcoins which are created when you fork Bitcoin for this purpose and use those funds to purchase actual bitcoins.

I hope you, and everyone else who favors these types of measures, enjoy your new altcoin! Sincerely. Maybe then you will stop trying to turn Bitcoin into something it is not.

How about u stick a fork in your ass

This is how you respond to someone who fully supports your idea?

Look. I want you to fork Bitcoin into the altcoin-where-you-can-freeze-addresses-at-a-whim. I want the opportunity to see these two coins compete in the market. I want to show you how miserably your fork will fail because no one wants to hold an asset that can be frozen at a whim. I want that failure to point to when someone like you says again in the future that we should freeze an address because they dislike the owner.

The main reason that I want you to fork Bitcoin is so that I can sell my altcoins-where-you-can-freeze-addresses-at-a-whim to people who support that kind of thing and purchase more actual bitcoins for myself.

So, please, get this ball rolling!

I too am on board. The people who keep suggesting it just need to get busy, implement it and set a fork date. It will be a banner day and something that will be very illustrative.

[cubicdissection]

I guess this is one of those things I am going to end up saying 100 times.

29,000 BTC dumped on the market will do nothing, It is highly improbable they will dump them anyway. There are 14 million coins. Daily volume has exceeded 100k on any one exchange many times. It doesn't matter.

I will not be the slightest bit surprised if the first day the ETF is up and running they bring in 1 billion or more. If not the first day, the first week for sure. There is ~100,000 in new demand. Probably will exceed 10 billion the first year.

29k coins is a rounding error, just forget about them they don't matter. The department of justice annual budget is $27 billion. I.e the silkroad stash is 1 thousandth of their revenue. Treasury's is, well.. lol. Not finite.

Let it go man, they're gone.

Great post man.  Good perspective.

[hilariousandco]

Can a moderator create a vote for this topic please. Vote "Lets do it, or Nah I love manipulated markets"

You should be able to add a poll yourself.

[TheButterZone]

"Accept" them (for nothing in return) and send them to EFF and other civil rights litigation orgs to sue the totalitarians more.

Totalitarians do not deserve a single cent from selling them in any manner whatsoever.

[BurtW]

In a free market of fungible BTC you can always:

"Accept" them (for nothing in return) buy them at the auction and send them to EFF and other civil rights litigation orgs to sue the totalitarians more.

[wickedgoodtrader]

This is the number of coins that are mined in just over 8 days. If it manipulates the market it will be very short lived. In fact, I think BTC will rise after they sell them. There's a lot of scared money waiting for them to sell so they can buy. The question is what happens to pirates 100k+ coins. I know he still has them. It will actually be healthy for the market if they are consolidated among more people.

[byt411]

This is the number of coins that are mined in just over 8 days. If it manipulates the market it will be very short lived. In fact, I think BTC will rise after they sell them. There's a lot of scared money waiting for them to sell so they can buy. The question is what happens to pirates 100k+ coins. I know he still has them. It will actually be healthy for the market if they are consolidated among more people.

Agreed. If merchants don't want them, they can simply use colored coins to blacklist them and not accept them. But in either way, it isn't much.

[jbreher]

The question is what happens to pirates 100k+ coins. I know he still has them.

If you are speaking of pirate@40, I would venture to guess that you are mistaken. However, I am certainly open to new evidence suggesting otherwise. What verifiable facts support your assertion, leading you to "know he still has them"?

[Bitcoinpro]

How in hells name are these coins going to do anything