Topic: What if...Satoshi Nakamoto suddenly burns 1 million bitcoins? - page 7. (Read 4374 times)
September 28, 2016, 11:16:41 AM
Well if the total amount of bitcoins goes down the price should rise since there are less. This is a pretty unrealistic scenario though to be honest.... I don't think anyone even owns that many bitcoins anyway but if they did, they'd surely have a lot of power of crypto currency in general.
September 28, 2016, 11:16:29 AM
nothing really is going to happen.
the only little possibility is that there might be a mass panic and a big price drop and that means i get to buy a lot of cheap bitcoins so i will be happy about it.
the only little possibility is that there might be a mass panic and a big price drop and that means i get to buy a lot of cheap bitcoins so i will be happy about it.
September 28, 2016, 11:14:37 AM
What do you mean by burns? Are you trying to say "creates" or "borns" by that? Because i don't get it if how bitcoins can be burnt, and if Satoshi Nakamoto suddenly adds that much bitcoins to the total sum of bitcoins if that is what you are trying to say, then i don't know what will be the outcome, maybe a price rise?
September 28, 2016, 11:07:53 AM
The price will skyrocket since there are many people know nothing about he has 1 million bitcoin. People will realize that the real bitcoin total supply will be less 1 million, so they will buy more.
September 28, 2016, 10:58:25 AM
The title explains it all, you look at blockchain.info and see a burst of transactions sending a total of 1000000BTC to 1BitcoinEaterAddressDontSendf59kuE.
What happens next?
Would it make headlines?
Would the exchange rate rise significantly?
Is it likely?
What happens next?
Would it make headlines?
Would the exchange rate rise significantly?
Is it likely?
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