Burn Satoshis coins to end the threat of prices crashing - Paxful Founder - page 4.

avikz

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Quote from: Juggy777 on August 21, 2019, 05:26:41 AM

Paxful founder Ray Youssef has tweeted a bizzare idea in which he wants the community to burn Satoshis coins, so the threat of prices crashing due to Satoshi revealing himself and selling his coins goes away. While I understand that if Satoshi were to sell his coins crypto prices indeed will crash, but in the end it’s his creation and his coins no one should decide for him. What are your thoughts on this should the community support this bizzare idea, or voice their opinion and keep Satoshis coins safe?.

Source: https://finance.yahoo.com/news/paxful-founder-makes-wild-proposal-161450915.html

I absolutely don't support such bizarre idea of burning anyone else's property. Also is it technically possible to burn his coins when we are not controlling those coins?? I don't think it is possible!

Also remember, virgin bitcoins are selling with premiums attached to it and Satoshi owned bitcoins are all virgin bitcoins. Even if Satoshi really sells his bitcoins, there will be another group of buyer who will buy it so the impact will be very limited and temporary!

yoseph

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Quote from: Juggy777 on August 21, 2019, 05:26:41 AM

Paxful founder Ray Youssef has tweeted a bizzare idea in which he wants the community to burn Satoshis coins, so the threat of prices crashing due to Satoshi revealing himself and selling his coins goes away. While I understand that if Satoshi were to sell his coins crypto prices indeed will crash, but in the end it’s his creation and his coins no one should decide for him. What are your thoughts on this should the community support this bizzare idea, or voice their opinion and keep Satoshis coins safe?.

Source: https://finance.yahoo.com/news/paxful-founder-makes-wild-proposal-161450915.html

I believe that he just wants to protect his investment that's all because in reality Satoshi selling his entire stock will totally cripple his creation and it will take a very long time to get it back to it's feet if it ever does. People are going to lose their entire investments and that will make Bitcoin unattractive to a lot of people.

javadsalehi

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How can the community burn Satoshi's bitcoins? They are Satoshi's own property. No one has access to Satoshi's bitcoin.
Shouldn't worry about Satoshi's bitcoin. Satoshi will never damage what he/she has created. I expect Satoshi has some bitcoins in some unknown addresses and he/she can sell them anonymously without any effect to the market.

AB de Royse777

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Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote

If Nakamoto does appear and decides to cash in the Satoshi stash—or threatens to—the bitcoin market would almost certainly collapse.

https://finance.yahoo.com/news/paxful-founder-makes-wild-proposal-161450915.html

I have no idea but I think Bitcoin is no more in control of anyones hand. May be we will see a sudden crash but then again people will start to buy and market will stable. Who would miss to buy something which is on sale?

For the last 10 years people were expecting all sorts of crash but Bitcoin survived. Bitcoin will survive till the end.

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Burning Nakamoto’s coins is possible, if incredibly unlikely. If the whole network came together and agreed to move the coins into a different, inaccessible, account, then Nakamoto would be unable to access his/her/their fortune.

This will be a disaster. They are asking perform a 51% attack. This is stupid and dangerous idea in my opinion. Tomorrow you will ask to burn someone else's Bitcoin if you do not like them to have huge amount of Bitcoin. Bitcoin was created to have peace in mind that no one can touch my money.

Juggy777

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Paxful founder Ray Youssef has tweeted a bizzare idea in which he wants the community to burn Satoshis coins, so the threat of prices crashing due to Satoshi revealing himself and selling his coins goes away. While I understand that if Satoshi were to sell his coins crypto prices indeed will crash, but in the end it’s his creation and his coins no one should decide for him. What are your thoughts on this should the community support this bizzare idea, or voice their opinion and keep Satoshis coins safe?.

Source: https://finance.yahoo.com/news/paxful-founder-makes-wild-proposal-161450915.html

Topic: Burn Satoshis coins to end the threat of prices crashing - Paxful Founder - page 4. (Read 868 times)