Re: Fork and Destroy Satoshi's 1 million Bitcoin?

Bitcoin should be forked and Satoshi's 1 million Bitcoin destroyed completely, if he really owns that much.
A sudden withdrawal of of 1 million (or large gradual withdrawals) should be regarded as an attack on Bitcoin.

Or it should be frozen for now until developers are sure no one is going to withdraw the whole thing and crash the market.

This is a very bad idea and would destroy the trust in Bitcoin. If you start forking coins out of the network, that would be the beginning of the end. Nobody has the right to decide at Bitcoin which coins are ok and which are not. Once the coins from Satoshi have been foked away, which coins will follow? Yours, mine or which ones? And who will decide that? As you can see, such a move would destroy the credibility of a decentralized currency. Even though Satoshi's coins seem like a threat, they're not. Wink

I see it the same way. Messing with the blockchain is the end of bitcoin. This is exactly what Satoshi wanted to prevent when he started bitcoin: a system where the flow of money is regulated. The only reason why forks should happen is to improve the programming, not to tell who can own what.

You bring it right to the point with your statement. Nobody should be allowed in a system like Bitcoin to determine which coins are ok and which are not. A fork to improve programming I will always support, but not a fork that takes any coins out of the system. Such a fork will never get my support.
In the end no one can predict if Satoshi will use his coins at some point or not, but one way or another they belong to the 21 million Bitcoins that there will be at some point. So no one shouldn't be afraid of it.