<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40"><head><meta http-equiv=Content-Type content="text/html; charset=utf-8"><meta name=Generator content="Microsoft Word 15 (filtered medium)"><style><!--
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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple style='word-wrap:break-word'><div class=WordSection1><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b>…</b>> <b>On Behalf Of </b>Stathis Papaioannou via extropy-chat<br><b>Subject:</b> Re: [ExI] dang, forgot<o:p></o:p></p></div><p class=MsoNormal><o:p> </o:p></p><div><div><p class=MsoNormal><o:p> </o:p></p></div><p class=MsoNormal><o:p> </o:p></p><div><div><p class=MsoNormal>On Fri, 15 Jan 2021 at 07:28, spike jones via extropy-chat <<a href="mailto:extropy-chat@lists.extropy.org">extropy-chat@lists.extropy.org</a>> wrote:<o:p></o:p></p></div><blockquote style='border:none;border-left:solid #CCCCCC 1.0pt;padding:0in 0in 0in 6.0pt;margin-left:4.8pt;margin-right:0in'><div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'> …<o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'>>>…Alternative: a prole with a few thousand bitcoins could go on the news and tell everyone that he forgot his password, quarter of a billion BC presumably lost, price goes up, he sells short, miraculously remembers his password, sells his BCs, covers his short, makes a buttload.<o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'> …<o:p></o:p></p></div></div></blockquote><div><p class=MsoNormal><o:p> </o:p></p></div><div><p class=MsoNormal>>…It wouldn't work because there is a total supply of about 18 million bitcoins (with an ultimate maximum of 21 million) and no-one controls more than about 1 million, which are in the wallet of their creator, Satoshi Nakamoto. Losing a few thousand wouldn't make much difference to the price. However, if the coins started to move from the Satoshi Nakamoto wallet, that might crash the price, because there would be a fear that these coins, which have never moved since their creation, might flood the market.<br clear=all><br>-- <o:p></o:p></p></div></div><div><p class=MsoNormal>Stathis Papaioannou<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Owww, dang, I can’t corner the market on BC this week.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>What do you figure is up with Satoshi? Never turned loose of any of his BC? Why not? Independently wealthy? Perhaps his disc crashed and he wouldn’t tell anyone?<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>spike<o:p></o:p></p></div></div></div></body></html>