Comment on Peter Todd in hiding after being “unmasked” as bitcoin creator
RatherBeMTB@sh.itjust.works 2 months agoAgreed, except that moving coins costs money while signing something with the private key doesn’t.
Comment on Peter Todd in hiding after being “unmasked” as bitcoin creator
RatherBeMTB@sh.itjust.works 2 months agoAgreed, except that moving coins costs money while signing something with the private key doesn’t.
NotMyOldRedditName@lemmy.world 2 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.
olympicyes@lemmy.world 2 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.
surewhynotlem@lemmy.world 2 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.
olympicyes@lemmy.world 2 months ago
You’re not wrong but in general prices are moved by market makers who are trading large quantities. I can imagine assuming that the guy who invented bitcoin and went to such lengths to conceal his identity would not have access to his coins.