Height of Greed- Deny Satoshi's Bitcoin

[acoindr]

I think most Bitcoiners are scared to do anything like this.  If you take away Satoshis BTC, then who's to say Bitcoiners won't band together and take away yours in the future because "you don't need it" or something like that.  

It would destroy the legitimacy of BTC.

Exactly. It's a slippery slope, the same as blacklisting/redlisting certain coins. The highest confidence in the system comes when everybody knows nobody will mess with it.

Besides if people are worried they can simply use Litecoin. Satoshi may have 0 litecoins which was launched when far more people could get it at the beginning. Judging by the giant difference in market cap for the two coins I'd say people are not so worried about it.

[cr1776]

This is a hard fork.  Go ahead and code this change to fork the reference client, fork the blockchain, and start up your theft-coin and then see how many people follow to mine and use it.

Let us know when you have completed this task so we can all watch to see how it turns out.

If you really believe it, stop discussing it and actually do it.  It won't be bitcoin, it will be some alt-coin, theft-coin that is pretty worthless in protecting people and their assets.

[BTCIndia]

If coins held by Satoshi is destroyed/denied my democracy called Bitcoin. I'm sure, everybody gains. And every rational human being tries to maximize profits. So why aren't they denying his fortune which in fact is no use( Of if it is used in future, it would only cause instability to Bitcoin economy)
Why not people are working on it?
Is Bitcoin truly democratic?

Genius like him are never into money. What good is money for him?.

You want ME to support taking the wealth from the man/women/group that created Bitcoin giving us the ability to free ourselves from the banksters.

........No sir.. it is democracy you just have to accept not many people agree with you.  This is how democracy works.. it's not what ever BTCIndia wants they get..

Of course, I agree that "rare among rare" people agree with me. I'm okay with it! Like, majority of people believe, we're fool going crazy about Bitcoin. I convince myself with thought, that majority among minority is fool to under-estimate impact of Satoshi's wallet in future. Freedom of thoughts!

[BTCIndia]

This is a hard fork.  Go ahead and code this change to fork the reference client, fork the blockchain, and start up your theft-coin and then see how many people follow to mine and use it.

Let us know when you have completed this task so we can all watch to see how it turns out.

If you really believe it, stop discussing it and actually do it.  It won't be bitcoin, it will be some alt-coin, theft-coin that is pretty worthless in protecting people and their assets.

Chill! I'm just a kid in capable of doing right. Just here for discussion.

[franky1]

If coins held by Satoshi is destroyed/denied my democracy called Bitcoin. I'm sure, everybody gains. And every rational human being tries to maximize profits. So why aren't they denying his fortune which in fact is no use( Of if it is used in future, it would only cause instability to Bitcoin economy)
Why not people are working on it?
Is Bitcoin truly democratic?

Genius like him are never into money. What good is money for him?.

firstly it was his invention, so i think he deserves whatever funds he can make

secondly if the devs made it possible to delete coins, then the whole system would become corrupt.

imagine it this way. in 10 years time i found out you.. yes YOU gathered 100bitcoins when they are worth $10k.. and some fool decides you dont deserve a million dollars. so they use the code to delete your stash.

oh wait.. now your worried... because now its affecting your stash and you cant do anything to stop it.... just like you desire to happen with satoshi. delete his coins without his permission, consent or any ability for him to stop it

[TopherB]

If coins held by Satoshi is destroyed/denied my democracy called Bitcoin. I'm sure, everybody gains. And every rational human being tries to maximize profits. So why aren't they denying his fortune which in fact is no use( Of if it is used in future, it would only cause instability to Bitcoin economy)
Why not people are working on it?
Is Bitcoin truly democratic?

Genius like him are never into money. What good is money for him?.

Out of curiosity what is your native language?

[BTCIndia]

If coins held by Satoshi is destroyed/denied my democracy called Bitcoin. I'm sure, everybody gains. And every rational human being tries to maximize profits. So why aren't they denying his fortune which in fact is no use( Of if it is used in future, it would only cause instability to Bitcoin economy)
Why not people are working on it?
Is Bitcoin truly democratic?

Genius like him are never into money. What good is money for him?.

Out of curiosity what is your native language?

Hindi! Any comments? Please, feel free to speak out your curiosity.

[TopherB]

If coins held by Satoshi is destroyed/denied my democracy called Bitcoin. I'm sure, everybody gains. And every rational human being tries to maximize profits. So why aren't they denying his fortune which in fact is no use( Of if it is used in future, it would only cause instability to Bitcoin economy)
Why not people are working on it?
Is Bitcoin truly democratic?

Genius like him are never into money. What good is money for him?.

Out of curiosity what is your native language?

Hindi! Any comments? Please, feel free to speak out your curiosity.

If I was a little more awake I would have noticed your user name 
Thank you for your swift answer. I've gotten pretty good at placing native language by unusual sentence structure, but I didn't have a clue here. Thank you for indulging my curiosity.

Back OT: having created a world changing technology I think he is entitled to whatever he can make from it. I don't see how his using it would destabilize bitcoin any more than any one else doing so.

[enter`name`here]

As has been mentioned this would be a hard fork. If that were to happen i would continue to use the original uncompromised version, as i am sure others would too. The market will then decide which rendition is superior.

[Ron~Popeil]

As has been mentioned this would be a hard fork. If that were to happen i would continue to use the original uncompromised version, as i am sure others would too. The market will then decide which rendition is superior.

That is part of the genius. Not only do you have to convince the network to make the change in the first place but you also have to convince the community to use what becomes a brand new coin.

[fryarminer]

I can't believe I read this thread. Nothing democratic about it. It's communist, thievery, and complete ingratitude to the most genius man of our age.

[AdamWhite]

I feel physically sick after reading this. Feel free to destroy your own coins OP, how ridiculous and ungrateful are you

[jjc326]

If coins held by Satoshi is destroyed/denied my democracy called Bitcoin. I'm sure, everybody gains. And every rational human being tries to maximize profits. So why aren't they denying his fortune which in fact is no use( Of if it is used in future, it would only cause instability to Bitcoin economy)
Why not people are working on it?
Is Bitcoin truly democratic?

Genius like him are never into money. What good is money for him?.

Out of curiosity what is your native language?

Hindi! Any comments? Please, feel free to speak out your curiosity.

If I was a little more awake I would have noticed your user name 
Thank you for your swift answer. I've gotten pretty good at placing native language by unusual sentence structure, but I didn't have a clue here. Thank you for indulging my curiosity.

Back OT: having created a world changing technology I think he is entitled to whatever he can make from it. I don't see how his using it would destabilize bitcoin any more than any one else doing so.

Being such a long time ago too, there is every possibility that some of the "early" coins won't ever be moved, touched, or used.  I mean, did people really early on think it was going to be successful?  When it's going for 1 cent (not sure what lowest price ever was) are you really going to care what you do with them, like if your computer dies or whatever?

[juju]

Likely hood of Satoshi actually losing his Private keys are slim to none. If someone theorized this type of system and even implemented a bare-bones framework, they would know to never, ever, destroy or lose their private key. Having messed around with the source code and made a few coins (never released) for fun I just cant ever see the creator who invested time losing the coins you get mining your first few nearly uncontested blocks.  

This likely means Satoshi has multiple wallets, I mean I have a fraction of the coins he does and I have dozens of wallets, when he started Bitcoin he had to put multiple nodes onto the network just to even mine the genesis block. I think he has spent some coins who knows when or what price, he just has not made his way to the largest wallet we can determine he owns.

[alani123]

If coins held by Satoshi is destroyed/denied my democracy called Bitcoin. I'm sure, everybody gains. And every rational human being tries to maximize profits. So why aren't they denying his fortune which in fact is no use( Of if it is used in future, it would only cause instability to Bitcoin economy)
Why not people are working on it?
Is Bitcoin truly democratic?

Genius like him are never into money. What good is money for him?.

Because it belongs to him. If we start working to deny people their coins we destroy the currency.

Pretty much this. This reply to the OP sums it up perfectly in a single sentence. What advantage would bitcoin have above FIAT money if a group of people, no matter who they are, could deny you your money. Does that sound fair to you? Bitcoin is truly democratic because I can't use a law set by a central authority to mess with what you own. No matter how you arned it. Absolute and total neutrality, this is what makes bitcoin special (along with the other innovations. You can use it in whatever way you like, but it's up to others to decide  whether they should trust you or not.

Relevant video: Andreas Antonopoulos on Bitcoin Neutrality

[whtchocla7e]

If coins held by Satoshi is destroyed/denied my democracy called Bitcoin. I'm sure, everybody gains. And every rational human being tries to maximize profits. So why aren't they denying his fortune which in fact is no use( Of if it is used in future, it would only cause instability to Bitcoin economy)
Why not people are working on it?
Is Bitcoin truly democratic?

Genius like him are never into money. What good is money for him?.

Because it belongs to him. If we start working to deny people their coins we destroy the currency.

Pretty much this. This reply to the OP sums it up perfectly in a single sentence. What advantage would bitcoin have above FIAT money if a group of people, no matter who they are, could deny you your money. Does that sound fair to you? Bitcoin is truly democratic because I can't use a law set by a central authority to mess with what you own. No matter how you arned it. Absolute and total neutrality, this is what makes bitcoin special (along with the other innovations. You can use it in whatever way you like, but it's up to others to decide  whether they should trust you or not.

Relevant video: Andreas Antonopoulos on Bitcoin Neutrality

Are you sure? Is it not possible for you to convince the majority of the network to fork and destroy, for example, my coins if you wanted to?

Is the network itself not a central authority?

[Beliathon]

Please, fork and destroy Satoshi's coins.

Since I will then have coins on both protocols, I will immediately sell all of my theftcoins and use the proceeds of that sale to purchase more bitcoins.

Love it, didn't even think of that! Not that anyone would be stupid enough to buy your theftcoins at even 1/10th the value of true BTC.

If these clowns think the value of Gox coins tanked fast, that's nothing compared to how fast the value of anti-satoshi coins would tank.

[alani123]

Are you sure? Is it not possible for you to convince the majority of the network to fork and destroy, for example, my coins if you wanted to?

There's not even a known way of how to do this because it's actually impossible. This has never been done, even in bitcoins early days where adoption was minimal and the mining network was weaker. Think of it for a moment. You think that convincing an entire network such as bitcoin's one to turn against you as an individual would be something easy?

Is the network itself not a central authority?

You should get your head around what centralised means. While let's say a government has a head of one person (the president) bitcoin has thousands of equal nodes.

See how well distributed they are around the world.
http://bitinfocharts.com/bitcoin/nodes-active/

[Beliathon]

If coins held by Satoshi is destroyed/denied my democracy called Bitcoin. I'm sure, everybody gains. And every rational human being tries to maximize profits. So why aren't they denying his fortune which in fact is no use( Of if it is used in future, it would only cause instability to Bitcoin economy)
Why not people are working on it?
Is Bitcoin truly democratic?

Genius like him are never into money. What good is money for him?.

Out of curiosity what is your native language?

Hindi! Any comments?

Same as the slumlord who owns my building, he's a selfish greedy piece of shit too. That is probably a coincidence, though, to be fair.

[Operatr]

Well, you can't. That is the beauty of Bitcoin is that no one has the authority to reverse transactions or destroy coins in accounts that are not your own.

So, OP, if you create something great and world changing that you profit from, are you going to get all of your earnings in cash and burn it? Or be totally fine if your own community locked down your bank account because they thought you made too much from your own invention?