Post
Topic
Board Altcoin Discussion
Re: An idea to make Bitcoin better
by
200BTCreward
on 04/11/2021, 11:30:07 UTC
All changes and upgrades to the protocol should strive to maintain and reinforce these Principles of Bitcoin

  • 21 million coins.
  • No censorship: Nobody should be able to prevent valid txs from being confirmed.
  • Open-Source: Bitcoin source code should always be open for anyone to read, modify, copy, share.
  • Permissionless: No arbitrary gatekeepers should ever prevent anybody from being part of the network (user, node, miner, etc).
  • Pseudonymous: No ID should be required to own, use Bitcoin.
  • Fungible: All coins are equal and should be equally spendable.
  • Irreversible Transactions: Confirmed blocks should be set in stone. Blockchain History should be immutable.

After the hard fork date all above mentioned points will be valid for this fork except point 1: supply of ~5,000,000 BTC instead of 21,000,000 BTC.


Therefore whales will still be able to accumulate large amounts of the limited
coin over time the issue the OP has a problem with will exist again
as odolvlobo states.

If someone wants to become a whale, so it is also possible here. But it will be very difficult as there won't be sellers with large amounts of Bitcoin.