Comment on Peter Todd in hiding after being “unmasked” as bitcoin creator
olympicyes@lemmy.world 3 weeks agoThat’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 3 weeks 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 3 weeks 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.