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Author Topic: Satoshi will donate all his coins to the world's poorest people in the future.  (Read 4990 times)
findftp
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December 06, 2014, 01:40:06 PM
 #61

Satoshi will probable announce to be USGOV somewhere in 2020.
Then they will also let the world know they have the largest stash of coins.
Gold will be absolete, they are already making sure they don't have anything left.
BitUsher
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December 06, 2014, 01:48:25 PM
 #62

It would be better if Satoshi simply burned a majority of the coins as an act of solidarity with the community. Someone owning close to 1 million bitcoins is a deterrent to outsiders from participating and a security risk to the ecosystem.
findftp
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December 06, 2014, 02:16:12 PM
 #63

It would be better if Satoshi simply burned a majority of the coins as an act of solidarity with the community. Someone owning close to 1 million bitcoins is a deterrent to outsiders from participating and a security risk to the ecosystem.
If you are really convinced that him owning 1million coins is a too big risk for the ecosystem, you should look into an alt-coin.
I only try to say that the market doesn't really care about him owning so many coins.
And besides, he could better donate them to everyone than burning his keys because if he donated them to everyone you shouldn't be afraid from him spending them ever.
But I don't really care about his coins. Bitcoin is much more than price for me.
Hell even when bitcoin died completely it gave me the biggest lesson I would have ever learned.
bornil267645
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December 06, 2014, 02:52:19 PM
 #64

But how is he going to decide who is the poorest people on earth?

findftp
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December 06, 2014, 03:02:55 PM
 #65

But how is he going to decide who is the poorest people on earth?
Wallets with the smallest amounts inside.  Grin Grin Grin
Let's make 1 million wallets with 1 satoshi  Wink
picolo
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December 06, 2014, 07:59:17 PM
 #66

Satoshi will probable announce to be USGOV somewhere in 2020.
Then they will also let the world know they have the largest stash of coins.
Gold will be absolete, they are already making sure they don't have anything left.


Someone may have control of this 1,000,000BTC or not. He will have 5% of all BTC which is huge but not life threatening for Bitcoin because the total amount of BTC is still limited and 95% of the BTC are in control of other people.
Daniel91
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December 06, 2014, 09:33:56 PM
 #67

Satoshi will probable announce to be USGOV somewhere in 2020.
Then they will also let the world know they have the largest stash of coins.
Gold will be absolete, they are already making sure they don't have anything left.


Someone may have control of this 1,000,000BTC or not. He will have 5% of all BTC which is huge but not life threatening for Bitcoin because the total amount of BTC is still limited and 95% of the BTC are in control of other people.

Yes, you are right.
What will Satoshi or any other ''big'' player in bitcoin world do we can't know or predict but we don't need to worry about this point.
If other people control at least 95 % of all bitcoin, this is more than enough for us to earn, play, sell,...

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picolo
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December 07, 2014, 05:35:36 AM
 #68

Satoshi will probable announce to be USGOV somewhere in 2020.
Then they will also let the world know they have the largest stash of coins.
Gold will be absolete, they are already making sure they don't have anything left.


Someone may have control of this 1,000,000BTC or not. He will have 5% of all BTC which is huge but not life threatening for Bitcoin because the total amount of BTC is still limited and 95% of the BTC are in control of other people.

Yes, you are right.
What will Satoshi or any other ''big'' player in bitcoin world do we can't know or predict but we don't need to worry about this point.
If other people control at least 95 % of all bitcoin, this is more than enough for us to earn, play, sell,...

Anyone owning 5% of the total coins will not want the price to crash or Bitcoin to fail. The Wiklevoss brothers (probably) and many others own 100,000coins or more
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