Whales are out of control = $500 in ten minutes

[CryptoBry]

Time to do something about the few whales who keep cheating everyone out of their life savings. Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin?  We have to end the whales who are out of control. 

And I could not agree more. The time has come for a great cryptocurrency revolution by redistributing the wealth to the deserving but poor citizens of the global village. But before we do that and to avoid a big mess, let's all plan and agree first on how we should do it. My first suggestion is to rock the boat and stop all the bitcoin madness so we can have a total reset...meaning we should start all over again. This time around there will be no more 10,000 bitcoin just wasted on that two (was it not 4?) boxes of pizzas (sorry I forgot the flavor).

[RawDog]

I dont really know what this guy is thinking, at his rank he must have good knowledge in here but I can see that he is not.

thinking this:  We do a fork.  Anyone with more than 10 BTC - gets 10 BTC.  The extra is airdrop distributed to people who have nothing. 

After the fork - nobody has more than 10 BTC. 


Are you guys all stupid?  You don't understand how a fork works? 

How fair is it that one asshole spends 10,000 BTC on a pizza and now you have to spend the rest of your life working like a slave.  Seem reasonable to you? 

[samcrypto]

It isn't the crypto whales that are out of control, but the fiat central banks. It would be far better to reclaim the money they stole from us, and to redistribute that.

Can we start suing banks to bring back our money? Fiat money are more worst than cryptocurrency so many billionaires who tries to control us especially the banks and the government. $500 drop with bitcoin is normal,
So i don’t see whales moving negatively again. They can buy and sell, we can also do that any amount can do.

[Dapper]

Time to do something about the few whales who keep cheating everyone out of their life savings. 

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin? 

We have to end the whales who are out of control. 

LOL.   And short non-athletes should be fairly redistributed in the NBA and NFL.   

[thunderbitz2717]

I know you know that you can't do anything about those whales. But, your ranting is quite good because I feel what you feel when suddenly trading strategies fail because of whale movements in the trading exchanges. However, those movement by whales can't be proven. Some would say that is normal. This the reality of bitcoin trading.

[kryptqnick]

Time to do something about the few whales who keep cheating everyone out of their life savings. 

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin? 

We have to end the whales who are out of control. 

That does not sound good to me. For one, I don't think that whales are that big of a problem. They don't have enough money to have a major long-term impact on the market,  bitcoins are distributed over a large enough amount of people. Moreover, I believe that putting up with these things is a part of what the free market means. If we invade the privacy or big holders and basically rob them, we intervene in the natural process and do a rather bad thing. Finally, a fork is a risk of splitting Bitcoin and the community behind it once again. Plus, not all wallets are personal. What about cold wallets of exchanges or wallets where the money of some companies is kept? It would be harder to do serious crypto business with 10BTC being a limitation per wallet.

[pushups44]

I dont really know what this guy is thinking, at his rank he must have good knowledge in here but I can see that he is not.

thinking this:  We do a fork.  Anyone with more than 10 BTC - gets 10 BTC.  The extra is airdrop distributed to people who have nothing. 

After the fork - nobody has more than 10 BTC. 


Are you guys all stupid?  You don't understand how a fork works? 

How fair is it that one asshole spends 10,000 BTC on a pizza and now you have to spend the rest of your life working like a slave.  Seem reasonable to you? 

Well, no one is stopping you or anyone from forking. But I think the market is already saturated with bitcoin forks. You know, if you had been pro-bitcoin since you first registered here, you'd probably be able to retire by now. You then wouldn't need to worry about some type of blockchain reset event.

[squatter]

Time to do something about the few whales who keep cheating everyone out of their life savings. 

I'm an advocate of free markets, so I'd rather not.

Also, selling your property is now "cheating" people?

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone. 

Right, because that's what Bitcoin is all about: redistribution of wealth. I guess I need to go re-read the whitepaper. I can't recall the part about stealing from the rich to give to the poor.

You realize that no one will invest in a currency that steals and redistributes wealth, right? Plus, everyone will just structure their holdings to <10 BTC per address.

[fortunecrypto]

Time to do something about the few whales who keep cheating everyone out of their life savings. 

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin? 

We have to end the whales who are out of control. 

It's an open market, there's nothing we can do about that, we can't do a fork every time, there's a lot of forks already, every coin has their own whales, they are brave to invest everything they've had and they are making profit for a long time, I'm not defending them, but every kind of investing there's always whales.

[allthebitandbobs]

it the leverage trader getting reckt and it bitmex themselves doing the dumps and dumps to liquidate all then gamblers .Crypto Youtubers   the biggest cause of this telling people it easy money   .Any more then 5x leverage and your losing money in the long guaranteed

[davis196]

Time to do something about the few whales who keep cheating everyone out of their life savings. 

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin? 

We have to end the whales who are out of control. 

Long live the communism.
Bitcoin isn't supposed to be "fair".
A fork can't redistribute the wealth,because bitcoin core will preserve it's value.

[felicita]

same game is on fiat only a few percent having much more money then the rest.
This is in every system the same but i hope  the btc whles are not the same as fiat whales..... XD


regards

[Adriano2010]

This is what they buy and trade and we can't do what you say. If someone buy let say 100 bitcoin when price was 1$ or under 2$ and hold until can't be considered a wallet when he buy, maybe now yes, but will be unfair to take bitcoin from address where is more than 10 bitcoin and to send to another people, and also a new problem occur, how will be distributed to people in %, will be sent to all address with 0 balance and with non 0 balance ?

[Crypto5060]

Time to do something about the few whales who keep cheating everyone out of their life savings. 

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin? 

We have to end the whales who are out of control. 

One thing you should always bear in mind is Btc wasn't ever airdropped to anyone, anyone who has it today bought it with their money so there's no such thing as Bitcoin fairness it's people's investment.

[maldini]

yes I know, but we can't do that, bitcoin is not a system of government so we have no rights about the assets of the whales. As smart as you and I are a pope, I'm sure we will do the same, which is to have more btc. And in my opinion these popes are not greedy people but they are visionary geniuses, they believe that BTC is a financial future so they will continue to collect more. We can't do much because there is no limit for someone having a btc, this is a decentralized system.

[pixie85]

Rawdog is trolling again.

Let's redistribute, right? Let's bring back communism. We should be able to say something about those whales who bought cheap and are now packed with cheap coins. WE can't allow them to keep having fun at our expense.

Fortunately communism is gone in most of the world and we aren't going to take from the rich and give to the poor.

[Shenzou]

The problem with these bull runs is there is really no way that you can counter them, because its not like they got it from out of nowhere they have used their own money to buy and sell, and suggesting the fork that you are talking about comes from nothing and no one will agree on it, and by the way no whale could solo take the price down by 500$ like that, you could blame it on a group of people who were wait for the slightest price drop at the moment to just start selling.

[Global_Originalist]

If you want to kill a whale just throw a spear at it.

[DatKing]

I don't know that we can do something about crypto whales. They have made a big effect on Bitcoin price at least for a short time. These transactions could push Bitcoin to upper levels.

[stfN2128]

haha, bitcoin is about decentralization and no authority. now you wanna censor the " whales" /  guys who are longer in the game or whatever you wanna call it. basically the complete opposite to the current advantages of bitcoin. this is one of the worst idea i have heard lately...