0 sats \ 0 replies \ @fireflynine 30 Aug 2022 \ on: AMA - Graham Krizek, CEO of Voltage bitcoin
Just a thought experiment question: If an entity had one million bitcoin and didn't need it, they could chose to spend it, hold it, or give it away. What happens if they choose to hold it and eventually all bitcoin is owned by a few entities ? Would the rest of the world own derivatives of bitcoin and how would that affect the long term value proposition of bitcoin?
Also (beginner question) is it possible to transfer SATS via the lightening network to anyone, using a single app like Strike? For example, Can I send SATS from Strike to someone using a different App to receive it?
Thank you for the reply.
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I understand that if you believe it's an impossibility for fusion power to achieve limitless energy at a cost that is essentially free, but "if" energy was magically free - would miners have a progressively diminishing incentive to operate?
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If a very small number of people effectively own all the bitcoin, wouldn't derivative markets emerge where the vast majority of people would essentially own "stock" representative of bitcoin that few hold but not directly own bitcoin itself?
GENESIS