Replying to Avatar Adarnit

Potential attack against #Bitcoin (I think?): governments decide that the coins they confiscate will be sent to an address whose private key is deliberately lost. Then all #Bitcoin they confiscate will be lost.

Now, that could make everyone else's coins more valuable as there is less in the circulating supply now, but there is a chance that Governments are able to confiscate all 21 million (or close to it) and render #Bitcoin useless.

Avatar
Jason the Original 2y ago

Nope.

Reply to this note

Please Login to reply.

Discussion

Avatar
Jason the Original 2y ago

You could run the world's economy with 1 bitcoin. Just break it into more sats.

Avatar
Jason the Original 2y ago

Sorry not more sats but fractions of sats.

Avatar
Adarnit 2y ago

I agree. Followed your npub 🫂💜

Thread collapsed
Thread collapsed
Thread collapsed