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Topic: A cracker owning 850,000btc. How bad is that? - page 5. (Read 6949 times)

hero member
Activity: 742
Merit: 500
February 28, 2014, 10:55:31 AM
#2
It really all depends on when the coins were stolen. If it truly happened back in 2011, it may very well have been one person. If it happened with the recent tx malleability issue, it had to be a group effort.

The thing that worries me more is if the US government actually has those coins from Gox (If they seized the coins under the premises of money laundering/drug sales from darknet). Gox coins + darknet coins would equal the US government holding ~10% of all minted coins. This is devastating if true.
sr. member
Activity: 532
Merit: 261
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February 28, 2014, 10:47:40 AM
#1
So MagicalTux and his lawyer confirmed that some cracker gained illegal access to their systems and stole 850k coins, don't ask me how that is possible...

Since many old bitcoins are most probably unspendable, what real percentage of bitcoin's market cap is now owned by a shady cracker? I would say something between 10% and 20%, which means that now one person with no moral values could destroy the economy at any moment.

I'm really worried. I saw a lot of bad things over the last 4 years but nothing like this.

Bitcoin as a technology is still amazing, but the economical impact of one bad guy owning a loooot of coins is pretty scary  Sad
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