Should we start New Bitcoin?

[gollum]

The reason for starting a new bitcoin is simple:
We can assume that 50% of all bitcoins mined are either held by wrong persons, or are lost.
A lot of people are burned by the MtGox theft, therefore they have nothing to lose on switching to a new coin.

If we start to use a new coin the miners can use their hardware to switch over as well, and effectively abandoning Old Bitcoin.
The value of Old Bitcoin will drop to zero which will punish preminers, thieves and FBI.

Bitcoin holders that will be punished most:
FBI: 10%
Satoshi: 10%
Thieves (from MtGox and other sites): 20%
Lost coins: 10%
Total = 50%

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[mcleo]

New Bitcoins are started every day.
Can we create a new, successful, Bitcoin... only if the majority agree with your beliefs.

[gollum]

New Bitcoins are started every day.
Can we create a new, successful, Bitcoin... only if the majority agree with your beliefs.

My argument for a new bitcoin is simple: Most people has lost bitcoin due theft or data loss, or missed the boat.
So most coins in circulation are held by thieves, oligarchs and .gov.
Therefore we don't have anything to lose by voting with our feet and go over to a new coin.

[Meuh6879]

the problem is not the number of bitcoin ... but his value on real market.

[hostmaster]

we need new hopes yes...

[BitcoinQTlol]

I bought a new car earlier in the year, gonna make the car salesman pay and create a new US Dollar!!!

[farlack]

I'm sure all of those coins could be coded out of circulation, but the point of bitcoin is this exact thing. Non reversible there are many red flags, and warning signs everywhere about bitcoin safety, and infancy.

[gollum]

I'm sure all of those coins could be coded out of circulation, but the point of bitcoin is this exact thing. Non reversible there are many red flags, and warning signs everywhere about bitcoin safety, and infancy.

We don't need to change the rules and ban the stolen coins. We can simply forget Old Bitcoin and start New Bitcoin, with exactly the same rules, mining hardware and same infrastructure.
If more than 51% of the current bitcoin users do that, the Old Bitcoin will simply fade away...

[grifferz]

Therefore we don't have anything to lose by voting with our feet and go over to a new coin.

Go ahead, nothing is stopping you. When will you be removing the "BitCoin" address from your signature and replacing it with a GollumCoin address?

[DeathAndTaxes]

I'm sure all of those coins could be coded out of circulation, but the point of bitcoin is this exact thing. Non reversible there are many red flags, and warning signs everywhere about bitcoin safety, and infancy.

We don't need to change the rules and ban the stolen coins. We can simply forget Old Bitcoin and start New Bitcoin, with exactly the same rules, mining hardware and same infrastructure.
If more than 51% of the current bitcoin users do that, the Old Bitcoin will simply fade away...

It has already been done multiple times both exact copies of Bitcoin and modified version (commonly called altcoins).  You are free to do it again at anytime but people are also free to ignore such attempts.

So let me know when you launch "newBitcoin".

[rohnearner]

New Bitcoins are started every day.
Can we create a new, successful, Bitcoin... only if the majority agree with your beliefs.

My argument for a new bitcoin is simple: Most people has lost bitcoin due theft or data loss, or missed the boat.
So most coins in circulation are held by thieves, oligarchs and .gov.
Therefore we don't have anything to lose by voting with our feet and go over to a new coin.

I'm sure you are not holding  much bitcoins..!
You mentioned most of coins in circulation are held by thieves, oligarchs and .gov. I agree with you to some extent but not all bitcoins are held by them.. not everyone lost there all bitcoins in mt-gox..! many of us were smart enough to know that how vulnerable  it can be  having bitcoins in an online exchange. so You got a thought but i don't think it has much substance in it..! You forgot about all the members who are still holding their  BTC's and are very optimistic about it
Ohh btw there are altcoins launching every day... why don't try those may be someone will take place of BTC on day..!  

[gollum]

New Bitcoins are started every day.
Can we create a new, successful, Bitcoin... only if the majority agree with your beliefs.

My argument for a new bitcoin is simple: Most people has lost bitcoin due theft or data loss, or missed the boat.
So most coins in circulation are held by thieves, oligarchs and .gov.
Therefore we don't have anything to lose by voting with our feet and go over to a new coin.

I'm sure you are not holding  much bitcoins..!
You mentioned most of coins in circulation are held by thieves, oligarchs and .gov. I agree with you to some extent but not all bitcoins are held by them.. not everyone lost there all bitcoins in mt-gox..! many of us were smart enough to know that how vulnerable  it can be  having bitcoins in an online exchange. so You got a thought but i don't think it has much substance in it..! You forgot about all the members who are still holding there BTC's and are very optimistic about it
Ohh btw there are altcoins launching every day... why don't try those may be someone will take place of BTC on day..!  

Yes of course, hoarders like you will not leave the ship, only rats like me and other poor fellows

[rohnearner]

New Bitcoins are started every day.
Can we create a new, successful, Bitcoin... only if the majority agree with your beliefs.

My argument for a new bitcoin is simple: Most people has lost bitcoin due theft or data loss, or missed the boat.
So most coins in circulation are held by thieves, oligarchs and .gov.
Therefore we don't have anything to lose by voting with our feet and go over to a new coin.

I'm sure you are not holding  much bitcoins..!
You mentioned most of coins in circulation are held by thieves, oligarchs and .gov. I agree with you to some extent but not all bitcoins are held by them.. not everyone lost there all bitcoins in mt-gox..! many of us were smart enough to know that how vulnerable  it can be  having bitcoins in an online exchange. so You got a thought but i don't think it has much substance in it..! You forgot about all the members who are still holding there BTC's and are very optimistic about it
Ohh btw there are altcoins launching every day... why don't try those may be someone will take place of BTC on day..!  

Yes of course, hoarders like you will not leave the ship, only rats like me and other poor fellows

BTW i'm not holding anything :p but can understand the pain of holders , I mean com'on man they deserve some reward for surviving and suffering daily heart attacks..! Up and Down , Rise And Fall...

[msc]

If we start to use a new coin the miners can use their hardware to switch over as well, and effectively abandoning Old Bitcoin.
The value of Old Bitcoin will drop to zero which will punish preminers, thieves and FBI.

No, it would punish everyone equally.  

[mcleo]

New Bitcoins are started every day.
Can we create a new, successful, Bitcoin... only if the majority agree with your beliefs.

My argument for a new bitcoin is simple: Most people has lost bitcoin due theft or data loss, or missed the boat.
So most coins in circulation are held by thieves, oligarchs and .gov.
Therefore we don't have anything to lose by voting with our feet and go over to a new coin.

You will never remove theft from one currency.
Where there is currency, there will always be theft.

[gollum]

New Bitcoins are started every day.
Can we create a new, successful, Bitcoin... only if the majority agree with your beliefs.

My argument for a new bitcoin is simple: Most people has lost bitcoin due theft or data loss, or missed the boat.
So most coins in circulation are held by thieves, oligarchs and .gov.
Therefore we don't have anything to lose by voting with our feet and go over to a new coin.

I'm sure you are not holding  much bitcoins..!
You mentioned most of coins in circulation are held by thieves, oligarchs and .gov. I agree with you to some extent but not all bitcoins are held by them.. not everyone lost there all bitcoins in mt-gox..! many of us were smart enough to know that how vulnerable  it can be  having bitcoins in an online exchange. so You got a thought but i don't think it has much substance in it..! You forgot about all the members who are still holding there BTC's and are very optimistic about it
Ohh btw there are altcoins launching every day... why don't try those may be someone will take place of BTC on day..!  

Yes of course, hoarders like you will not leave the ship, only rats like me and other poor fellows

BTW i'm not holding anything :p but can understand the pain of holders , I mean com'on man they deserve some reward for surviving and suffering daily heart attacks..! Up and Down , Rise And Fall...

I just say what poor fellows can do: either give up on crypto currencies completely, or jump on a new bitcoin-clone.
IMO ripple got the best prospects to replace old bitcoin, IF they make it 100% open source.

[Joshuar]

I'm totally on board with a New Bitcoin. Old Bitcoin is too corrupted.

In case you're also tired of the current Bitcoin we have, then send me your Bitcoin to this address:  1MYpNKj25HRBFpv22YpuZsuz2zZHKBLUur

I'll collect all the Bitcoin and change the password to my wallet to a random set of numbers while being blindfolded, thereby losing all current Bitcoin forever.

Send to here: 1MYpNKj25HRBFpv22YpuZsuz2zZHKBLUur

[gollum]

New Bitcoins are started every day.
Can we create a new, successful, Bitcoin... only if the majority agree with your beliefs.

My argument for a new bitcoin is simple: Most people has lost bitcoin due theft or data loss, or missed the boat.
So most coins in circulation are held by thieves, oligarchs and .gov.
Therefore we don't have anything to lose by voting with our feet and go over to a new coin.

You will never remove theft from one currency.
Where there is currency, there will always be theft.

In fiat currencies inflation will inflate away the injustice, but in bitcoin the deflation does the exact opposite, rewards the thieves.

[Korbman]

We don't need to change the rules and ban the stolen coins. We can simply forget Old Bitcoin and start New Bitcoin, with exactly the same rules, mining hardware and same infrastructure.
If more than 51% of the current bitcoin users do that, the Old Bitcoin will simply fade away...

A concerted effort into forking the network because some people feel the past has been too "unjust" for their liking would be detrimental to the value of both the 'new' Bitcoin and the 'old'.

[Lauda]

A new Bitcoin was started a long time ago: Terracoin. It is an exact duplicate of Bitcoin, except for the name. Where have you been? And if you want to improve on Bitcoin, you already have hundreds to choose from. May I suggest Dogecoin?

This. OP stop talking nonsense. This was tried before, this didn't result in anything.
Who can guarantee that the same won't eventually happen with the coins of Bitcoin 2.0? No-one.