Fork and Destroy Satoshi's 1 million Bitcoin?

[rjp55]

Bitcoin should be forked and Satoshi's 1 million Bitcoin destroyed completely, if he really owns that much.
A sudden withdrawal of of 1 million (or large gradual withdrawals) should be regarded as an attack on Bitcoin.

Or it should be frozen for now until developers are sure no one is going to withdraw the whole thing and crash the market.

I am against it. Would i want to see 1 million bitcoin dumping on exchanges, no! But i don't believe it will happen. Even i don't think satoshi will ever lay finger on that bitcoin. Still, it is his and he can do whatever he wants.

[shesheboy]

Lols, If I was importuned to buying 1M bitcoin at it earliest stage, I would have kept them and probably sold some during the ATH season.

only if it was you but unfortunately its not . in the case of satoshi , he did hold 1m bitcoins but he didnt sold them at the 2017's peak  . maybe he is waiting for much higher ath ? hmmm...

Oh yes! they are mine and there is nothing anyone can do about that, I determine when to spend it. This same situation is currently applicable to Satoshi's 1M bitcoin holding and he deserves even more than that.

yes he deserve more than that but there is no point of owning a bitcoin on his wallet because bitcoin is already his own invention and he offically owns all the 21m bitcoin  .

I doubt he's really interested in selling off his bitcoin, if he chooses to, people will be happy to buy cheap, but he will not.

we will never know . maybe he will sell it in the future or not but lets hope he wont ,  because if that happens  , i think this can cause an impact on the price of bitcoin  . bitcoin can go down quickly but the price might also recover quickly because alot of people will use this oppurtunity to buy more coins .

[DeathAngel]

I really don’t think anybody needs to worry about Satoshi’s bitcoin’s. He could be dead for all we know. The price hit near 20k USD & he sold nothing so even if he’s alive bitcoin is his work, his art, his masterpiece. I don’t think he would crash the price by selling.

[vhns222]

What have you done for BTC ? i think nothing and just came here and say this ? lol Satoshi is one who made this thing we must be a billionaire make his life we havnt problem with this and it cant be any problem with withdrawing or anything we all must be grateful to him he the god of btc and crypto that is all i know.

[chenille]

Maybe Satoshi has just send them to addresses where he doesn't own the private keys. Mean these coins are lost forever and we don't need to speculate and worry what happens when he's going to send or sell them. And if it's not the case I can guess he won't ever sell them because that wouldn't make sense to come back, when Satoshi left, everything was well planned.

The price hit near 20k USD & he sold nothing so even if he’s alive bitcoin is his work, his art, his masterpiece.

I think he isn't in for the money and doesn't plan to sell if BTC reaches x USD. 

[mopap]

Leaving them for now makes the most sense. Maybe later freeze them.

[crzy]

I really don’t think anybody needs to worry about Satoshi’s bitcoin’s. He could be dead for all we know. The price hit near 20k USD & he sold nothing so even if he’s alive bitcoin is his work, his art, his masterpiece. I don’t think he would crash the price by selling.

Its not the right time to do that i guess and i believe Satoshi is not dead yet and he’s still working behind the scene. He will not crash the price because he wanted bitcoin to be on the main market so i think he will still hold that bitcoin until we reach the moon.

[Indrawan77]

Bitcoin shouldn't be forked, forking usually going to create a problem in the market and create more unnecessary coin into the market, and Satoshi also won't be that stupid to destroy its own coin by selling the coin in a huge bulk, and it can't be consider as an attack, everyone got the right to sell the coin no matter how big is the amount

[gentlemand]

if he really owns that much.

Uh huh. How will you decide what is 'really' his and what is someone else's?

Why not get rid of all coins mined before 2017? The people who mined them were probably dicks compared to all the cool dudes we have now.

[deisik]

if he really owns that much.

Uh huh. How will you decide what is 'really' his and what is someone else's?

Why not get rid of all coins mined before 2017? The people who mined them were probably dicks compared to all the cool dudes we have now

I have a better idea

I don't suggest burning all those coins (prior to 2017, 2018, 2019, whatever...) as this is an obvious overkill but why not announce sort of "bank holidays" (let's call it blockchain holidays), so that no one of the old holders (say, older than a month) can move their coins anywhere. In this way, we will be leveling out the playing ground for newbies

We can even go as far as to set the length of these holidays depending on how old your stash is. For example, if you kept the coins for 7 years, your won't be able to touch them for 7 weeks (7 months would do even better). What do you guys think of this idea? Will it help Bitcoin adoption?

[TimeBits]

Bitcoin should be forked and Satoshi's 1 million Bitcoin destroyed completely, if he really owns that much.
A sudden withdrawal of of 1 million (or large gradual withdrawals) should be regarded as an attack on Bitcoin.

Or it should be frozen for now until developers are sure no one is going to withdraw the whole thing and crash the market.

I mean the fed could just print a bunch of money and crash the price to 0 if they wanted to. they would buy it all up and just sell it at a loss... they don`t care.

Leave satoshi`s coins alone, he or she earned them just like everyone else, sure he/she had mad advantage because of higher rewards but still it is the same with gold, whoever was there first collecting had a bigger advantage because scarcity was less common.

Also in the future it will reveal who satoshi is when they move the coins.

[jak3]

I don't care how much money satoshi really had, but people want to destroy his money is beyond crazy. what if it was not his money and someone else (like a whale) able to gather 1 million bitcoin, will people still going to destroy that money. it's his money and let him do whatever he wants and I am sure everyone even Satoshi himself understands that withdrawing 1 million bitcoin is not possible on any type of market. we are not kids anymore no one is going to be doing like that.

[deisik]

I don't care how much money satoshi really had, but people want to destroy his money is beyond crazy. what if it was not his money and someone else (like a whale) able to gather 1 million bitcoin, will people still going to destroy that money

It is definitely not crazy

And even less it is beyond crazy. It is just human nature at work, envious and greedy. The difference is that destroying (burning) coins on the blockchain looks like a feasible and actually doable thing, technically speaking (unlike stripping somebody of their wealth via "conventional" means). That's basically why people go wild over this idea. So it doesn't really matter if it is Satoshi's coins, some obscure whale's stash, or even their (thy) neighbor's money (in the latter case the destruction of these coins would feel very much like an ultimate act of justice)

[zloadr12]

It is creating a large market I means business market. satoshi should not withdraw this large number of btc because million investor is faced odd by this withdrawn.

[kidbounty]

A sudden withdrawal of of 1 million (or large gradual withdrawals) should be regarded as an attack on Bitcoin.

How is withdrawing 1 million BTC an "attack" on bitcoin? It's Satoshi's money. Let him do whatever he wants with his money. He can spend it all on blackjack and hookers and hell do I care how he wants to spend it.

yes you are right, indeed that is his money. but if all the BTCs that he has are sold to the market, can this not cause turmoil. this will make a dump worse than last year.

[okala]

Forking bitcoin will not be a solution to your perceived problem, if bitcoin is forked it can only affect the price for the main time but the original bitcoin will still maintain it dominance, and if you see withdrawal of 1 million bitcoin from santoshi wallet as an attack on the general bitcoin market also ask your self that this man developed and operate the bitcoin network Alone and can do whatever he wishes at any time.

[Crypto5060]

Forks don't destroy coins, what forks does is chain split which gives the new chain some attributes of the old chain. We all should be grateful to satoshi anything he does with his tokens shouldn't be our concern.

[fortunecrypto]

Bitcoin should be forked and Satoshi's 1 million Bitcoin destroyed completely, if he really owns that much.
A sudden withdrawal of of 1 million (or large gradual withdrawals) should be regarded as an attack on Bitcoin.

Or it should be frozen for now until developers are sure no one is going to withdraw the whole thing and crash the market.

Why should we punish him for something that he did not do he is wiser than an idiot like you, of course he will not crash the market by doing that, if he has an intention to do that, he would have done that when Bitcoin was at it's on all-time high, and besides that his share, he has the right to do whatever he wants to do with it.

[Wayan_Pedjeng]

What will happen in case he suddenly re-appear after 1-2 years? He is the creator of Bitcoin, and we need to show our respect for him. And as long as these coins can't be spent, it can have a positive effect on the exchange rates. And I guess this is beneficial for all the users, with the exception of those traders who engage in short-selling.

[taguig]

I think it's none of our business, we should show gratitude to the man by giving us something great and life-changing, even if he sold it all and crash the market, it will eventually get up, if he did it, more people will earn more Bitcoin, because there will be many bitcoin in circulation.