Post
Topic
Board Bitcoin Discussion
Re: Fork The Blockchain And Block The Seized FBI Coins.
by
je1p7u7
on 12/01/2014, 12:53:31 UTC
They are [...] likely planning to dump onto the market to cause a flash crash

1) You really have some insider information on FBI plans, don't you? (sarcasm)
2) We should seize bitcoins of every large wallet, because they are planning on dumping btc (sarcasm)

While I might or might not like what happened to DPR and might or might not like the FBI I think you are crazy if you think that people will keep believing in bitcoins if such decisions and actions are made by "the community".

Another issue is that "the majority" (as I understand it, a synonym for "the community") is not the best source for decision-making. Statistically speaking the majority tends to be average and while they may make good short term decisions, I don't think they will make good long-term decisions. I am not at the same time advising "a bitcoin goverment", but just ruling against making any decisions such as confiscating bitcoins by anyone.

The truth is not always as others present it or even as facts present it. Related movie: 12 Angry Men