DeathAndTaxes
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Activity: 1218
Merit: 1079
Gerald Davis
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March 06, 2014, 09:59:36 PM |
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I vote for raising the block reward from 25 coins to 25,000 coins in order to inflate the value of the coins from preminers and thieves.
Good thing there is no voting in a consensus system. You can fork Bitcoin, it would be trivial. So why don't you do it? |
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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Lauda
Legendary
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Activity: 2674
Merit: 2965
Terminated.
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March 06, 2014, 10:01:27 PM |
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I vote for raising the block reward from 25 coins to 25,000 coins in order to inflate the value of the coins from preminers and thieves.
You get my vote for the dumbest person of 2014. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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gollum
Sr. Member
Offline
Activity: 434
Merit: 250
In Hashrate We Trust!
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March 06, 2014, 10:05:22 PM |
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I vote for raising the block reward from 25 coins to 25,000 coins in order to inflate the value of the coins from preminers and thieves.
You get my vote for the dumbest person of 2014. Satoshi could have prevented such measure by giving each coin a vote (Proof of Stake), but instead each client and miner has a vote which is possible to manipulate, aka 51% attack. Performing a 51% attack to change the protocol of bitcoin is not easy, but possible if Federal Reserve would like to control the monetary policy of bitcoin  They just have to invest a few hundred million dollars in mining equipment. |
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ZephramC
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March 06, 2014, 10:14:19 PM |
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I vote for raising the block reward from 25 coins to 25,000 coins in order to inflate the value of the coins from preminers and thieves.
You get my vote for the dumbest person of 2014. Satoshi could have prevented such measure by giving each coin a vote (Proof of Stake), but instead each client and miner has a vote which is possible to manipulate, aka 51% attack. Performing a 51% attack to change the protocol of bitcoin is not easy, but possible if Federal Reserve would like to control the monetary policy of bitcoin They just have to invest a few hundred million dollars in mining equipment. 51% of hashing power wont allow you to change block reward (nor will 90% of hashing power or 99% of hashing power). |
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BTCat
Legendary
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Activity: 1960
Merit: 1010
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March 06, 2014, 10:16:44 PM |
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Best would be for him to wait a few years more and then help finance 3rd world country projects.
If I had a million I would build an organization for this.
Donate BTC:18Ks86M2q5JEzkuyw2hT4JhCdNzhudXxzq
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Lauda
Legendary
Offline
Activity: 2674
Merit: 2965
Terminated.
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March 06, 2014, 10:16:50 PM |
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Satoshi could have prevented such measure by giving each coin a vote (Proof of Stake), but instead each client and miner has a vote which is possible to manipulate, aka 51% attack. Performing a 51% attack to change the protocol of bitcoin is not easy, but possible if Federal Reserve would like to control the monetary policy of bitcoin They just have to invest a few hundred million dollars in mining equipment. 51% of hashing power wont allow you to change block reward (nor will 90% of hashing power or 99% of hashing power). Exactly. Besides, many altcoins recovered many times after a 51%, there is no reason why bitcoin can't do the same. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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Bit_Happy
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Activity: 2100
Merit: 1040
A Great Time to Start Something!
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March 12, 2014, 03:17:04 AM |
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he donated them to all of us by never using them.
Who knows what evil lurks behind those quiet blocks.  |
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MNDan
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March 12, 2014, 03:49:13 AM |
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He will use them to quietly curb deflation...
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NuclearNarwal
Newbie
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Activity: 1
Merit: 0
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March 12, 2014, 07:32:38 AM |
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If he sold all of them, he would be so rich.
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samson
Legendary
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Activity: 2097
Merit: 1068
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March 12, 2014, 09:42:44 AM |
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On another note, if none of Satoshi's Bitcoins have been spent already, then the keys are probably lost and will never be spent.  I don't know what you're basing that on. I have files which I've been moving from computer to computer going back 12-15 years and I've never lost any of them. |
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Xav
Member
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Activity: 78
Merit: 10
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March 12, 2014, 10:13:00 AM |
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If I had one million Bitcoin, I would divide the amount in 3 equal portions. I would convert one third to fiat money, the second third would be used for expanding Bitcoin by means of charities, and the last third would be stored for unknown future purposes, like stabilising its value.
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Kai Proctor
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March 12, 2014, 02:17:58 PM |
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Who cares about how many BTC he has, and how he should spend them, that's nobody's business.
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colinistheman
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March 12, 2014, 02:20:59 PM |
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he donated them to all of us by never using them.
^ It's his call to do what he wants. He created the system and we're debating what he should do with his own money on his own system? Disrespectful. Maybe we should discuss what the OP should do with the money in his personal checking and savings accounts. |
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Predatorian
Member
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Activity: 70
Merit: 10
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March 12, 2014, 02:44:55 PM |
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