No one with half a brain would take this talk by you even half serious after you pulled the old tried and tested (a billion times before) someone stole my bitcoin scam.
AFAIK he didn't close up shop and refuse to make any refunds afterwards, but the exact opposite...
And to the OP, most of this stuff is common sense (although I don't get the tone or the point of 7), but there aren't many people with common sense on bctalk. As an outside observer of the bitcoin and altcoin economy, it makes a lot of sense if you viewed the whole thing as a pyramid scheme from the beginning.
I think Satoshi set a very bad precedent, and he also knew it. Instead of uniting a community, it is totally fractured based on greed.I completely and absolutely disagree.
Satoshi created a revolutionary currency model - if you call that a "bad precedent", perhaps you're on the wrong side of the wall.
There was no "community" before Satoshi - he built the community based on a generational leap in socioeconomics theory and cryptographic utility.
As far as "fracturing" the community, Satoshi made his position quite clear during the early days with BitDNS (the precursor to Namecoin).
I think it would be possible for BitDNS to be a completely separate network and separate block chain, yet share CPU power with Bitcoin. The only overlap is to make it so miners can search for proof-of-work for both networks simultaneously.
The networks wouldn't need any coordination. Miners would subscribe to both networks in parallel. They would scan SHA such that if they get a hit, they potentially solve both at once. A solution may be for just one of the networks if one network has a lower difficulty.
I think an external miner could call getwork on both programs and combine the work. Maybe call Bitcoin, get work from it, hand it to BitDNS getwork to combine into a combined work.
Instead of fragmentation, networks share and augment each other's total CPU power. This would solve the problem that if there are multiple networks, they are a danger to each other if the available CPU power gangs up on one. Instead, all networks in the world would share combined CPU power, increasing the total strength. It would make it easier for small networks to get started by tapping into a ready base of miners.
The advent and, subsequently, abuse and corruption of alternative cryptocurrencies is a byproduct of capitalism, human greed and the apathy of the forum administrators.