Bitcoin faces threat from 'mining pool' Montreal Gazette

Could we "re-evaluate" Bitcoin ? (Or we all agree to a new Genesis Key ?) - Brainstorming here.

If all the Pools, Miners and users were to agree to start a New Genesis, we would in effect wipe Satochi's holding. (Is it the right thing to do ?)
I was reading the following article: http://gazette.com/why-bitcoins-founder-matters-as-spotlight-hits-australian/article/feed/298618.
"The amount of bitcoin in the early Satoshi-mined blocks would totally swamp the current demand," Weaver said, making the founder's identity crucial to faith in the system itself. "What happens if there's someone with a million shares who you don't know, you don't know where they are, you don't know what their motives are?"
If we were to reinitialize the network and forcing users to exchange their bitcoins for the new bitcoin, we would in essence wipe all the locked assets.
I am thinking out loud here.
submitted by theochino to Bitcoin [link] [comments]

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