To quote @nikotsla :
“What if NSA is the owner of 1M BTC (Satoshi) and in 10 year wake up... 1/21M ... lot of power”
Isn’t burning this what Satoshi would want? Why not eliminate that tail-risk?
110 sats \ 2 replies \ @DarthCoin 7 Oct 2023
what a shitcoiner question is this?
reply
0 sats \ 0 replies \ @Bitwit OP 8 Oct 2023
It’s a midwit question, clearly lost on a fellow midwit
reply
0 sats \ 0 replies \ @Iwascensored 7 Oct 2023 outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.
101 sats \ 5 replies \ @Ksjznxnxkxksn 7 Oct 2023
deleted by author
reply
0 sats \ 4 replies \ @Bitwit OP 8 Oct 2023
Spoiler: it won’t work. Hard forking requires majority consensus from the miners. Which starts with a discussion like this one.
reply
0 sats \ 3 replies \ @Ksjznxnxkxksn 8 Oct 2023
deleted by author
reply
0 sats \ 2 replies \ @Bitwit OP 8 Oct 2023
No what’s that?
reply
0 sats \ 1 reply \ @Ksjznxnxkxksn 8 Oct 2023
deleted by author
reply
0 sats \ 0 replies \ @Bitwit OP 8 Oct 2023
Thanks will enjoy reading those 👍
reply
10 sats \ 1 reply \ @JReeCoin 8 Oct 2023
Honestly enough, this is an important logic to consider. We're talking of 1/21 here being owned by a single entity. He/she/it might resurrect and mess up the whole shit global finance! Proposals (BIPs) highly welcomed.
reply
0 sats \ 0 replies \ @Bitwit OP 8 Oct 2023
That’s what I was thinking
reply
0 sats \ 1 reply \ @sb 7 Oct 2023
How does owning more bitcoins lead to more power over the network?
reply
0 sats \ 0 replies \ @Bitwit OP 8 Oct 2023
The statement doesn’t mention power of the network. My interpretation is actual power in the real world. Money = power. In a world where BTC is universally accepted as global hard money, owning almost a 20th of the supply makes you richer than god and about as omnipotent. Also they can destabilise the market and fuck with everyone’s long term investment. That’s how I read it anyway
reply