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Author Topic: Fork and Destroy Satoshi's 1 million Bitcoin?  (Read 14281 times)
Fredomago
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June 01, 2019, 02:50:07 PM
 #81

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.
The impact will be big, but real Satoshi if really exist won't harmed it's own creations, he will rather to keep being anonymous and holds those coins with him instead of showing up and create doubts that he will dumped all those coins that he's keeping and make a huge downfall.

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Yudhisthir
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June 01, 2019, 02:52:06 PM
 #82

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.

We don't know exactly who satoshi is, we don't know every of his addresses and how much bitcoin he holds. We also don't know the miner said to have 1 million bitcoin is really satoshi. And I don't believe we can just fork to destroy that coins without going back in the past i.e. about the time of bitcoin origin.

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June 01, 2019, 06:48:16 PM
 #83

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.
The impact will be big, but real Satoshi if really exist won't harmed it's own creations, he will rather to keep being anonymous and holds those coins with him instead of showing up and create doubts that he will dumped all those coins that he's keeping and make a huge downfall.
Who knows if he had other wallets stashed up with Bitcoin which he keeps spending from. Even if he shows up, he won't dump the coins in the market there's always joy seeing one's work prosper.

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Adriano2010
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June 01, 2019, 07:05:14 PM
 #84

Your proposal is not ok. Satoshi create bitcoin and he should do what he want with his bitcoin, without him i think we never had crypto coins so let the things go on and don't worry, Satoshi will never dump his bitcoin.
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