pull down to refresh

10 sats \ 8 replies \ @freetx 23 Apr \ on: You stumble upon Satoshi's private key... bitcoin
It is an interesting exercise.
  1. Most likely it would be a huge security risk once you doxed yourself. Would 100% make you a kidnap, ransom, and probably enemy of several black budget agencies.....
  2. Moving the coins would probably send btc into a bit of a freefall....perhaps terminally. So your all those coins might only be worth a fraction of their current value.
  3. Your "best bet" would be to come public and claim that you (by pure chance) happened to discover the private keys to a single wallet (pick a wallet with a few hundred up to a thousand coins...if such exist?). Make it clear that this was dumb luck and only affected this single wallet....This would lower the problems of #1 and #2 considerably and allow you to have retirement money
write
preview
33 sats \ 5 replies \ @Bell_curve 23 Apr
Peg into liquid for more privacy and confidentiality
reply
10 sats \ 3 replies \ @030a29f333 OP 23 Apr
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 :(
reply
0 sats \ 2 replies \ @Bell_curve 23 Apr
There are 2 telegram groups for Liquid
Liquid community Liquid developers
SN hates Liquid and anything that Blockstream is involved with
reply
15 sats \ 1 reply \ @030a29f333 OP 24 Apr
Shame. Liquid is a useful tool for the moment, if nothing else.
reply
15 sats \ 0 replies \ @Bell_curve 24 Apr
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
reply
0 sats \ 0 replies \ @Bell_curve 23 Apr
Then hookers and strippers and blow and other drugs
reply
28 sats \ 1 reply \ @030a29f333 OP 23 Apr
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.
reply
15 sats \ 0 replies \ @freetx 23 Apr
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.
reply