andyfallsoff
Member since Nov 2007 • Last active Dec 2024Most recent activity
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LFGSS and Microcosm shutting down 16th March 2025 (the day before the Online Safety Act is enforced)
If there is no way forward; Velocio, whose baby it is, wants to close then everything has a lifespan and this is it, then that's their call and I very very sadly understand, your personal safety and life must come first. No matter how sad bad this is, I'm not wrecking the life of another.Thak you Velocio for all you have done and to all of those who have helped, taught me, made me laugh and been on the odd ride with.
This was basically what I came here to write.... Whatever else, thanks @Velocio for doing this all in the first place
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But the market doesn't have perfect info on what coins have been lost. Eg there is a chance that poor fucker can get his coins out of the rubbish tip, satoshi might not be dead but biding his time, etc, etc
Yeah this is kind of my point - I don't think "coins going out of circulation" that weren't being traded before is likely to ever really have a measurable impact on cost. Even if buyers knew it had happened, no part of buying / pricing bitcoin is based on any real metrics (e.g. what a sensible market cap would be Vs earnings or assets) that would mean a restriction on available coins should directly impact price.
So although I get that theoretically it should have an impact on price, I don't really believe it is that likely to, which is my point
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I do get that technically there is a chance they can be sold if held by someone unless destroyed, but this sort of assumes that investors are pricing in some sensible fashion based on a knowledge of the total number of coins in existence - but I don't think any real element of bitcoin pricing is based on that kind of technical analysis. Most buyers will have no idea when this person dies + whether his coins are destroyed so I don't really believe that the knowledge it has happened will feed into pricing in any way which is close enough to ascertain...
I can see there might be a different position if the counterfactual was that they were all sold immediately (and that might depress prices)
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Kids are such twats