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Author Topic: Burn Satoshis coins to end the threat of prices crashing - Paxful Founder  (Read 561 times)
jostorres
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September 03, 2019, 04:26:18 PM
 #61

What about legal implications with this?
They don’t understand that the fact cryptocurrency has not yet ben regulated does not mean that legal action can still not be taking on some things that surround it. We see how many crypto thieve has been arrested for some fraudulent practices, o I think his own still with not be exceptional because burning satoshi coins will surely be illegal.

It could also be quite difficult because satoshi has been silent for a while, and in the event if they plan to do that illegal thing he talked about, will satoshi come out? Or maybe they are just using it to see if they care through that threat or means lure satoshi out of his anonymity because I really do not see the effect or reason for burning the token. They will burn the token and still not see any effect of it.




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September 03, 2019, 09:42:07 PM
 #62

This is a bad call and I think the basis on which the statement is made  is too poor for it to be understood. I think bitcoin and Satoshi would  always go together, I don't see the need for stakeholders to do away with the Satoshi unit. We still need Satoshi in the crypto space.
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September 04, 2019, 08:14:35 AM
 #63

What about legal implications with this?

there are none.

if it's implemented as a soft fork, miners are completely in accordance with the protocol. no rules are being broken. they would only be engaging in behavior the network deems valid.

if it's done as a hard fork, it's just an unrelated spinoff of free open source software. there are many such forgotten spinoffs of bitcoin. no damages there either.

this is all moot since it's pretty clear how the community feels about it......it's very unlikely to be attempted. therefore, get your popcorn ready for when QC breaks bitcoin signatures. then the satoshi coins will start moving again! Cheesy

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September 04, 2019, 08:24:30 AM
 #64

"...CRASHing..." ... Erm ...

- https://cypherpunks.venona.com/date/1993/12/msg00218.html

" I thought of a new name today for digital cash: CRASH, taken from
CRypto cASH.  "How much crash have you got in your account?  Can we FTP
this GIF?"  "Not enough... Hey, can I borrow some crash?"  It has a nice
cyberpunk sound to it.  I don't know if we need a name for the units,
or if we could just get by without.

One of the lessons of the CP publicity is that having a sexy name is
a big plus.

(Apologies if I'm unknowingly regurgitating someone else's idea!)

Hal "


Always, way ahead ...  Tongue

Bitcoin without polity !?! | Get a Gapcoin slice of Mathematically constant π + new world record and attempt ongoing! | "The industry of the integrated spectacle and immaterial command owes me (us all) money." | We do not Forgive. We do not Forget. Expect Revolution Renaissance! for we are all Satoshi now? | Vision does not = Prescient | "the multiple and the multiplex!" | HODL BTC and/or buy Pizza's | Read the first chapter ... | P.S. "I Eye love found you!" 456 | Mostly harmless ... 42 | "INSERT COIN" break blocks!
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September 04, 2019, 09:18:34 AM
 #65

What about legal implications with this?

there are none.

if it's implemented as a soft fork, miners are completely in accordance with the protocol. no rules are being broken. they would only be engaging in behavior the network deems valid.

if it's done as a hard fork, it's just an unrelated spinoff of free open source software. there are many such forgotten spinoffs of bitcoin. no damages there either.

this is all moot since it's pretty clear how the community feels about it......it's very unlikely to be attempted. therefore, get your popcorn ready for when QC breaks bitcoin signatures. then the satoshi coins will start moving again! Cheesy

LoL - no clue ?

Carpe diem  -  understand the White Paper and mine honest.
Memo: 1AHUYNJKPfY7PjVK1hNQFo5LrdGixuiybw  -  https://metanet.icu/
The simple way is the genius way - in Moore's Law and Satoshi's WP we trust.
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September 04, 2019, 07:21:19 PM
 #66


only the BSV crowd is crazy enough to believe that FOSS and decentralized blockchains can be controlled by copyrights and tort lawsuits. FYI there's already a fork that steals the satoshi coins. what are you gonna do, sue the developers? for what? Smiley

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September 04, 2019, 09:11:30 PM
 #67


only the BSV crowd is crazy enough to believe that FOSS and decentralized blockchains can be controlled by copyrights and tort lawsuits. FYI there's already a fork that steals the satoshi coins. what are you gonna do, sue the developers? for what? Smiley

Central governance is not BitCoin, how long will such crap stay viable?

Devs (or any individuals) are really responsible for whatever they do in public. If someone does shit and robbery, suit cases are incoming mostly for sure. You would just stay silent i bet ...


Carpe diem  -  understand the White Paper and mine honest.
Memo: 1AHUYNJKPfY7PjVK1hNQFo5LrdGixuiybw  -  https://metanet.icu/
The simple way is the genius way - in Moore's Law and Satoshi's WP we trust.
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