Comment on Peter Todd in hiding after being “unmasked” as bitcoin creator

• RatherBeMTB@sh.itjust.works ⁨3⁩ ⁨months⁩ ago

  Agreed, except that moving coins costs money while signing something with the private key doesn’t.

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  • NotMyOldRedditName@lemmy.world ⁨3⁩ ⁨months⁩ ago

    Both actions would cost billions more than the any amount they would move or a signed transaction.

    The price would crash knowing those coins were back in play.

    It’d be a huge influx of potential coins.

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    • olympicyes@lemmy.world ⁨3⁩ ⁨months⁩ ago

      That’s not accurate. Any serious investor would assume the coins still exist and could be moved. Selling the coins would roil the markets but that’s no different than if someone with a majority stake in a stock (eg DJT) were to dump their shares.

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      • surewhynotlem@lemmy.world ⁨3⁩ ⁨months⁩ ago

        Any serious investor would be estimating how many other people are not serious investors, and understand that those unserious people would swing the price.

        There’s no value to bitcoin except people’s expectations.

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