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246 sats \ 6 replies \ @ek 11 Apr \ on: What should be done about Satoshi's coins when ECC is broken? bitcoin
As far as I know, we don't even know for sure if "Satoshi's coins" are Satoshi's coins.
So I'm not sure we should treat them any differently from other P2PK coins.
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Let's say that if Satoshi Nakamoto is a real cypherpunk, he will leave those coins where they are without ever touching them.
Those coins were generated at the dawn of the protocol, to run the system.
If Nakamoto used those coins, part of the ideology behind Bitcoin would collapse.
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As we know, Satoshi Nakamoto passed away one fine day.
Obviously, at the beginning of the protocol, he was the only one to mine continuously, therefore, in the first period of the protocol he was the only one (or almost) to accumulate BTC.
If we want to consider BTC as a cypherpunk tool for decentralized monetary equality, the initial capital mined by Satoshi would probably have been to be burned or put back into the protocol as a sort of tail emission.
In order to be able to reintroduce this capital into the system, however, a Hard Fork would have been needed, something that has always been tried to avoid as much as possible.
The other idea I have is that these BTC were left there as bait. If, one day, someone manages to steal them (i.e. a quantum computer), we will find out that the protocol has been hacked.
So, they could be a bait left to defend all BTC holders.
In conclusion: if one day Satoshi touches those BTC, he will behave like other "shi...ns" who put their token on the market when the majority is already owned by them.
What is written is just my idea, right or wrong, I don't know, but it is what I think.
^_^
P.S.
I had already replied yesterday, but none of my posts appeared, I hope that today, instead, everything works.
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As far as I know, Satoshi coins are now mushrooming, and there are many types of ecosystems.
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I really can't understand what you mean
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