| ▲ | nehan 12 hours ago | |
two things: 1) Short markets in Bitcoin don't have unlimited depth, and the centralized ones are KYC'd so there's some risk there 2) What if it doesn't tank the price? One thing people have suggested is just burning all the vulnerable coins[1]; it reduces supply so maybe the price will... go up? The point is there's uncertainty. | ||
| ▲ | hananova 28 minutes ago | parent | next [-] | |
I don't see how 1 is any issue at all. Using a computer to make the intended bitcoin calculations much faster than anyone else possibly can is entirely within the rules of how bitcoin works. It will also tank the price because by doing it, you have demonstrated you have complete control of bitcoin transfers, you can transfer bitcoins from anywhere to anywhere else at any time, and that there is no way to flag it as illegitimate because mathematically you're just providing the correct numbers. | ||
| ▲ | tshaddox 5 hours ago | parent | prev | next [-] | |
I’m pretty sure the hope isn’t that burning some coins tanks the price. The point is that publicly demonstrating that you can crack wallet keys is what tanks the price. | ||
| ▲ | dodobirdlord 7 hours ago | parent | prev [-] | |
What risk are you envisioning in #1? | ||