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Author Topic: Proposal for network consent to randomly distribute 1.1 MLN BTC from Satoshi.  (Read 203 times)
viljy
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May 13, 2026, 03:02:11 PM
 #21

I consider such a proposal to be complete nonsense. First of all, it looks like an encroachment on someone else's property, covered up with good intentions ("so that the market does not collapse"), based on a controversial basis ("lost property or orphan property is considered escheated property").

However, nothing prevents the initiator of this idea from renting tens of thousands of video cards for years and hacking the private keys to these addresses in order to redistribute funds as he sees fit. Another question is what the price of this will be (that's the essence of cryptographic protection) and how legitimate the United States government will consider it, for example...

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May 14, 2026, 04:42:06 AM
 #22

Leave them bitcoins alone, I'm sure you proposed this silly thing because you want to dump it the first second you received the bitcoins  Roll Eyes.

Redistributing bitcoin just because 51% agree is complete nonsense not to mention it will make the price of bitcoin go down with all that bitcoin going into market.

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May 14, 2026, 04:51:21 AM
 #23

Changes to protocol create hardfork, and a 51% is not the way to get consensus.
There are many reasons to say "absolutely not" - or just - make your coin, please go ahead and fork.
Now with 51% of network you could just make nothing just a boring noise. it must be the basic of the network (and we had also historical moment with such high concentration of power in one pool/miner) that this could not means nothing at all...


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Dogedegen
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Today at 12:19:12 AM
 #24

Leave my coins, you greedy little thief Angry
This kind of response is the only correct one. Theft is theft no matter what the circumstance is or what addresses we select here. Bitcoin is digital property, and even if keys are possibly lost it is still theft. We can never mathematically prove that somebody's keys are lost. So whether the idea is to steal from old holders, new holders, satoshi or whoever it still remains theft and should never be condoned!

There's nothing as sweet as getting something free of charge, without putting in much work for it, especially when it comes to money. Imagine it's the Op that has funds in the network, I bet you we won't hear of this ridiculous proposal. Some people just look for crafty methods to get people to engage in their absurd threads.
We know all too well how this works out with gamblers, lottery winners or even airdrop farmers. If they get too much value for the work that they put in, they do all kinds of bad things with the money. Most waste most of it into nothing smart, and that is what would happen in this case.

I consider such a proposal to be complete nonsense. First of all, it looks like an encroachment on someone else's property, covered up with good intentions ("so that the market does not collapse"), based on a controversial basis ("lost property or orphan property is considered escheated property").
That is exactly what it is!

However, nothing prevents the initiator of this idea from renting tens of thousands of video cards for years and hacking the private keys to these addresses in order to redistribute funds as he sees fit. Another question is what the price of this will be (that's the essence of cryptographic protection) and how legitimate the United States government will consider it, for example...
Well that would not lead to anything so it would be a mistake to even try this. Very few people would try it, but they don't understand the numbers that are involved in something like this.

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