this post was submitted on 23 Oct 2024
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254
Peter Todd in hiding after being “unmasked” as bitcoin creator (arstechnica.com)
submitted 2 months ago by [email protected] to c/[email protected]
31 comments fedilink hide all child comments
 

Todd’s urgent dismissal of the documentary reads to Hoback like an attempt to throw Satoshi-hunters off the scent. “It doesn’t surprise me at all that Peter would go on the offense. He’s a master of game theory—it’s what he does. He has spent a lot of years now muddying the waters,” says Hoback. “He’s an unbelievable genius.”

I haven't seen the docu, but I did like his (Hoback's) docu about Qanon, Q: Into the Storm.

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[–] RatherBeMTB 3 points 2 months ago (1 children)

Agreed, except that moving coins costs money while signing something with the private key doesn't.

[–] [email protected] 2 points 2 months ago* (last edited 2 months ago) (1 children)

Both actions would cost billions more than any amount they would move or a signed transaction.

The price would crash knowing those coins were back in play.

It'd be a huge influx of potential coins considered to be lost.

[–] [email protected] 2 points 2 months ago (1 children)

That’s not accurate. Any serious investor would assume the coins still exist and could be moved. Selling the coins would roil the markets but that’s no different than if someone with a majority stake in a stock (eg DJT) were to dump their shares.

[–] [email protected] 1 points 2 months ago (1 children)

Any serious investor would be estimating how many other people are not serious investors, and understand that those unserious people would swing the price.

There's no value to bitcoin except people's expectations.

[–] [email protected] 1 points 2 months ago

You’re not wrong but in general prices are moved by market makers who are trading large quantities. I can imagine assuming that the guy who invented bitcoin and went to such lengths to conceal his identity would not have access to his coins.