What would you do?
Pure hypothetical, I know this isn't a practical thought exercise. Just play along :) or dont and tell me to gfy. Your choice.
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What would you do?
Pure hypothetical, I know this isn't a practical thought exercise. Just play along :) or dont and tell me to gfy. Your choice.
put it in a time lock (until the last satoshi is mined ~2140) to only be distributed evenly over the next next 10,000 years if that's possible.
I've thought about this too, but without the time lock.
What if you rewarded addresses that have been hodling for more than 8 years and reward them with 10% of the amount in the address.
This would bring more people into bitcoin and more people hodling their stack.
hookers and blow 🤣😂🤣
A worthy spend of your sats
Are you being sarcastic?
Am I?
I think 🤔 so
Obviously sir, those are high time preference spends XD
Why are you laughing?
Don’t forget qualuudes
Man, I remember the 80s and 90s! Somewhat!
i would send them to a safer address type to prevent people from stealing it in the future.
or i wouldn't do anything at all.
hard to say. maybe satoshi is alive and wants to use it some day
Would be funny if you moved, say 1%, as a test and Satoshi went "oh fuck" and moved the rest right after
good point! my fear is moving them for protection but actually stealing them from Satoshi.
Swap into liquid
It is an interesting exercise.
Peg into liquid for more privacy and confidentiality
One time I asked about privacy differences between Liquid and Monero on here and got called a shitcoiner lol. I was just trying to learn more about Liquid :(
There are 2 telegram groups for Liquid
Liquid community
Liquid developers
SN hates Liquid and anything that Blockstream is involved with
Shame. Liquid is a useful tool for the moment, if nothing else.
Completely
Even lightning can’t escape high fees
Reasonable people use liquid to balance their lightning channels
A lot immaturity and smugness in this forum
Then hookers and strippers and blow and other drugs
1 and 2 are precisely what led me to ask the question. What are the physical security implications? Do you see a large number of people leave, thinking Satoshi has returned? Really thought provoking situation IMO.
I think if there was a sudden movement of any of Satoshi's coins it would create the following (overlapping) fears:
(a) Satoshi is planning on selling
(b) Satoshi believes its over-valued
(c) Satoshi doesn't agree with direction of project any longer
(d) Satoshi is not active, but there has been bug found, nothing is safe.
(e) Satoshis presence will become politicized by competing groups (ie. Snowden, Assange, etc)
(f) Satoshi is alive and will be arrested, co-opted, killed, kidnapped by state
None of those overlapping fears would be easy to quell, and would exist simultaneously to various parts of the community, thus I think a panic sell situation could emerge.
I would create the longest transaction chain ever, with each transaction time-locked to the next block, and spending 1 BTC in fees. Then publish the 100mb transaction blob and delete the private key.
This should guarantee miners a 1 BTC subsidy for the next 20 years.
Or burn it all in an op return.
burn it all is the ultimate chad bitcoiner move. I like to think that's what I'd do, but I don't know if I would have the strength. Maybe burn it all but take a couple of thousand for myself.
I figured this would be a response of someone haha. Staring at the ability to control that much bitcoin would be an insane temptation, regardless of how moral one thinks they are XD
I would not do anything, or I would timelock it into the future - and donate the amount to the top ten cancer societies throughout a 100-year window.
If you learn to meditate carefully you can find the key as the hidden is obvious. You also won't care so you leave it alone because you are capable of doing anything.
I think the best way to get back satoshi's sats to circulation - sent tons of transactions with zero UTXO and huge fees. Tons of transactions spread satoshi's satoshi to different miners, these miners spread it among lots of hodlers
Pay off the us debt?
Just imagine how much shit that would shake up.
I think that would be bearish for bitcoin tbh
I'll probably try create a bitcoin country..Or create a bitcoin passport. Decentralized Passport so people can choose fiat or BTC
I would create a massive liquidity pool for join market and let people use it for coin joins with zero fees.
I'd also 10x the lightning network capacity, charging a small fee.
Also a large chunk of Satoshis coins would work well for setting up Ark for when its ready.
Peg into liquid incrementally
Destroy it immediately.
But would you really
This