I think the market would tank but it would recover. I guess it depends on how it moved (all or some) and where it moved to (an exchange or a quantum computer hack).
I guess on a long enough time frame its bound to happen.
The coins are spendable. They are in your node's utxo database and the protocol allows them to be spent. Feature, not bug.
Therefore:
They can be spent. Assuming anything else is self-deceit, unless you are Satoshi and you know you lost the keys.
Any attempt from any developer to make these coins unspendable is a breach of protocol.
The owner of the keys to these coins can burn the coins if they don't want them: OP_RETURN will make them unspendable.
If you believe these things to be true, then if or when the time comes where we are faced with some sets of devs finding themselves VitaLARPing into benevolent dictatorships, your resolve shall be tested.
It would be a belt and the internet detectives would be excited. It would bring a lot of attention, but I don't think it would bring significant changes to the markets, for those who treat BTC as an asset.
I think the market would tank but it would recover. I guess it depends on how it moved (all or some) and where it moved to (an exchange or a quantum computer hack).
I guess on a long enough time frame its bound to happen.
I meant to a wallet with native seqwit. I should have said that.
Oh
That would be awesome!
He/it/they would be alive and watching from somewhere. Imagine the podcasts that week!
Everybody talks about Satoshi's coins, but nobody adds a link to his address(es).
https://www.marketplacefairness.org/cryptocurrency/what-is-satoshi-nakomotos-wallet-address/
powerlaw would break
Maybe it will happen very little before the advent of quantum computers.
Who knows?
That would be the dip that separates the men from the boys
Amen
lol
If the stack (or a chunk thereof) was moved to one of my wallets, that would be awesome.
Otherwise, I'd still be intrigued, but I'd rather be intrigued and rich.
It might not be easy for it to be silence .And the question to ask is who move it and how
Yeah...
is he back?! was Bitcoin encryption broken?!
The coins are spendable. They are in your node's utxo database and the protocol allows them to be spent. Feature, not bug.
Therefore:
OP_RETURNwill make them unspendable.If you believe these things to be true, then if or when the time comes where we are faced with some sets of devs finding themselves VitaLARPing into benevolent dictatorships, your resolve shall be tested.
Only today I thought about this, what if this was an emergency fund set aside to be used when miners' rewards are very low around 2040?
I personally think it's impossible for this to happen...
It would be a belt and the internet detectives would be excited. It would bring a lot of attention, but I don't think it would bring significant changes to the markets, for those who treat BTC as an asset.