Post
Topic
Board Bitcoin Discussion
Re: Satoshi's spare change?
by
kjj
on 25/05/2011, 06:33:23 UTC
A major government already controls 100% (and more!) of the world's primary reserve currency.  Lose any sleep over that recently?

yes, but the current structure has served me well.  I work hard, pay my taxes, and expanding my family.

The current system provides much maturity and predictability.  The current system doesn't provide a reasonable possibility of some unknown entity with no transparency holding 20% of the market.

btc has documented prof of almost 20% of the early generated btc being held by a hidden entity (Satoshi or whatever it is)

This mandates this currency to an amount of unpredictability that many people will not buy into.  People may ask for a schism of the block over this.

I can't think of a better definition of the US Congress than "some unknown entity with no transparency".  At least the holder of 20% of the early bitcoins can only spend them once.  Congress has been inflating away 20% of our currency every few years.

I wish the dollar was unpredictable.  Always going down is very easy to predict.  However, it isn't desirable or useful.