TwoCitiesCapital Posted April 1 Posted April 1 What is really the debate around the lost/static/Satoshi coins? Why would we need to do anything about them? Not sure it should be developers' decision what happens to coins not owned by them. Even if the coins get stolen by a quantum computer? So what? The coins can be tracked - people can decide whether or not they'll accept coins from those wallets - and we move on with our lives. Not sure it should be up to developers to decide which coins are at risk and then take actions only applying to those coins.
Milu Posted April 1 Posted April 1 (edited) 27 minutes ago, TwoCitiesCapital said: What is really the debate around the lost/static/Satoshi coins? Why would we need to do anything about them? Not sure it should be developers' decision what happens to coins not owned by them. Even if the coins get stolen by a quantum computer? So what? The coins can be tracked - people can decide whether or not they'll accept coins from those wallets - and we move on with our lives. Not sure it should be up to developers to decide which coins are at risk and then take actions only applying to those coins. Ya it's a bit strange alright. I think the main fear is that the access to those coins will cause a massive supply shock and crash the price of bitcoin, similar to if a meteor strikes the earth and that meteor contained 20% of the current earth supply of gold. Due to this new supply the existing stock would essentially be debased. Would likely be a massive drawdown in short term but maybe long term impact would be fine. Edited April 1 by Milu
Fly Posted April 1 Posted April 1 2 hours ago, Milu said: Ya it's a bit strange alright. I think the main fear is that the access to those coins will cause a massive supply shock and crash the price of bitcoin, similar to if a meteor strikes the earth and that meteor contained 20% of the current earth supply of gold. Due to this new supply the existing stock would essentially be debased. Would likely be a massive drawdown in short term but maybe long term impact would be fine. I say let them dump the million BTC onto the market. Short term pain, long term gain.
TwoCitiesCapital Posted April 1 Posted April 1 3 minutes ago, Fly said: I say let them dump the million BTC onto the market. Short term pain, long term gain. This is my view. The value to BTC is that there is a finite cap of 21 million. Not that people lose them or let them sit for years and years. Nobody knows for certain who Satoshi is, if he's dead, etc. to the same extent, they don't know who owns ANY of the dormant addresses and if they're dead, lost, or just long-term HODLers. I don't think it's up to the developer community to effectively "steal" those coins to prevent their future theft. Perhaps it's a university research project that cracks them? Or a white hat hacker? Or even a bad actor who does it, but then simply doesn't dump them. Not sure sure we need anyone to decide here and can just let what happens happen.
alxcii Posted April 6 Posted April 6 The road to post quantum is going to be very contentious and given what we've seen of the response to the recent developments I'm not even that sanguine that BTC will be prepared in time for a quantum breakthrough. I like ZECBTC and ETHBTC longs here - I think BTC may have ossified early and there may be too much inertia and too many factions to push the right changes. Zcash and Ethereum are much more aligned on a community level and don't have a huge honeypot like Satoshi's coins to deal with. They also carry much more of the cypherpunk spirit that BTC had in its day. Today you hear Saylor talking about freezing coins and its clear something has been lost from the culture.
UK Posted April 11 Posted April 11 A new use case:)) https://archive.is/lwiD5 Iran will demand that shipping companies pay tolls in cryptocurrency for oil tankers passing through the Strait of Hormuz, as it seeks to retain control over passage through the key waterway during the two-week ceasefire. ... “Once the email arrives and Iran completes its assessment, vessels are given a few seconds to pay in bitcoin, ensuring they can’t be traced or confiscated due to sanctions,” Hosseini added.
UK Posted April 12 Posted April 12 https://www.investing.com/news/economy-news/why-is-quantum-computing-seen-as-a-challenge-to-bitcoin-4609025
DooDiligence Posted May 18 Posted May 18 https://www.aol.com/articles/exclusive-trumps-crypto-venture-irans-080805000.html
Fly Posted May 18 Posted May 18 18 minutes ago, DooDiligence said: https://www.aol.com/articles/exclusive-trumps-crypto-venture-irans-080805000.html Ctrl+F "bitcoin" ... Not Found This is the inherent problem with "crypto." It skews towards centralization whether it is players like WLFI, BNB chain, Tron, Centralized Nobitex exchange, etc. The centralization introduces more human factors which always lead to corruption.
TwoCitiesCapital Posted May 18 Posted May 18 To be fair, Iran could always move money on the Bitcoin network too. But there is no owner/founder of the Bitcoin actively invested in Trump entities or negotiating stakes for Trump entities to buy as has been the case Binance. But also, we alert knew of similar corruption - like Trump pardoning CZ while in negotiations for Trump families to buy a stake in Binance....
Fly Posted May 18 Posted May 18 (edited) 1 hour ago, TwoCitiesCapital said: To be fair, Iran could always move money on the Bitcoin network too. But there is no owner/founder of the Bitcoin actively invested in Trump entities or negotiating stakes for Trump entities to buy as has been the case Binance. But also, we alert knew of similar corruption - like Trump pardoning CZ while in negotiations for Trump families to buy a stake in Binance.... Yes, I would argue the reason for these transactions was because they were centralized and controlled by influential businessmen/politicians. That serves as the reason for the transaction and if BNB/TRX/WLFI didn't exist then I doubt the same transaction volumes would have been done on BTC. Like you mentioned... Iran could have flowed BTC through Nobitex but that wouldn't have benefitted CZ, Justin Sun, Trump, etc. Crypto is an blatant grift. Edited May 18 by Fly
Buckeye Posted May 26 Posted May 26 So Bitcoin is becoming Boomercoin? Apparently the “cool kids” are now into Zcash, because it allows for private transactions. Will be an interesting development to follow.
TwoCitiesCapital Posted May 26 Posted May 26 30 minutes ago, Buckeye said: So Bitcoin is becoming Boomercoin? Apparently the “cool kids” are now into Zcash, because it allows for private transactions. Will be an interesting development to follow. If there are regulatory concerns at all, items like Z cash and Monero that serve primarily to obfuscate identity and transaction ownership will be the first ones targeted for money laundering, terror cell funding, etc. I'm ok owning Boomercoin as it demonstrates its value case every day and now has the regulatory environment and administration behind it.
TwoCitiesCapital Posted May 27 Posted May 27 Strategy has accumulated 2.6x of mines Bitcoin supply so far. Just them. Doesn't account for ETF inflows. Doesn't account for DCA'ing. Doesn't account for other treasury companies. How does this type of regular accumulation not impact price? It seems so crazy and yet the price is continuing in a downtrend after getting rejected at the 200 DMA. It seems so nonsensical, that I both want to lever the hell up to buy more, but am also concerned that there's something I'm missing because any other commodity operating at this level do structural shortage moons - and Bitcoin isn't.
Fly Posted May 28 Posted May 28 4 hours ago, TwoCitiesCapital said: Strategy has accumulated 2.6x of mines Bitcoin supply so far. Just them. Doesn't account for ETF inflows. Doesn't account for DCA'ing. Doesn't account for other treasury companies. How does this type of regular accumulation not impact price? It seems so crazy and yet the price is continuing in a downtrend after getting rejected at the 200 DMA. It seems so nonsensical, that I both want to lever the hell up to buy more, but am also concerned that there's something I'm missing because any other commodity operating at this level do structural shortage moons - and Bitcoin isn't. We're in a clown world. I feel like the same thing could be said for the oil market.
TwoCitiesCapital Posted May 28 Posted May 28 11 hours ago, Fly said: We're in a clown world. I feel like the same thing could be said for the oil market. Absolutely agree - but we know the administration is manipulating those markets with insider trades and the strategic reserve. So I can at least make sense of that and take advantage of it - I'm on my 4th round trip for oil since the conflict started. But I can't figure out what the problem is with BTC. Even if the IPO narrative was correct and this was a liquidity event for whales, would be well beyond that selling at this point? I just can't figure out who is selling, in enough size, to keep the lid on the price with the supply/demand dynamics like they are.
SharperDingaan Posted May 28 Posted May 28 Just a different POV ........ BTC isn't going to run upward in any significant way until the Iran war is settled. The costs of the SOH closure are now being felt across the board, bond yields are rising, US debt continues to not be rolled over in full, and the poorer credits are being stressed. Draining liquidity, pushing down price. The US needs an off-ramp to Iran, soon; a saleable MOU merely pushes the end of the war off until both Bibi and Trump are back from the polls. One of both looses, and over the short-term, the outcome looks very negative. Hedges via the option market, pushing price lower. The speculation is that the Israeli/US prosecution of Iran falls apart, as votes don't go their way, and economies do their thing. Trump looses, a 20% drop seems pretty conservative ; more if either of them gets assassinated ... as what goes around inevitably comes around (Israel). Not a lot of incentive to hold the full position; thereafter, strong incentive to simply wait. SD
Milu Posted May 28 Posted May 28 19 hours ago, TwoCitiesCapital said: It seems so nonsensical, that I both want to lever the hell up to buy more, but am also concerned that there's something I'm missing because any other commodity operating at this level do structural shortage moons - and Bitcoin isn't. I suppose the main question for you is have the reasons you like and bought bitcoin in the first place changed. For me I bought it as fixed supply non sovereign store of value that allows me to maintain a portion of my wealth outside of money printing apparatus of modern governments. For me it was always a digital gold and unless someone points me to a better alternative I don’t particularly worry if I’m missing something or if there is something structural going on. I’ve held gold for a long time in the past and I remember when it went nowhere for years and people were constantly discussing various theories about how paper gold or futures were holding back the market, or central bank manipulation. Eventually the price goes where it should so if enough people want bitcoin over time it will for up, if people no longer see value in it, then it won’t.
nsx5200 Posted May 28 Posted May 28 1 hour ago, Milu said: I’ve held gold for a long time in the past and I remember when it went nowhere for years and people were constantly discussing various theories about how paper gold or futures were holding back the market, or central bank manipulation. If you view physical gold and BTC more or less equivalent, can you do pseudo pair trade on them and use that both of their volatility to ratchet up the growth?
alxcii Posted May 28 Posted May 28 On 5/26/2026 at 12:45 PM, Buckeye said: So Bitcoin is becoming Boomercoin? Apparently the “cool kids” are now into Zcash, because it allows for private transactions. Will be an interesting development to follow. Curious how you stumbled onto ZEC, I didn't think anyone would post about it here until price was way higher. I keep mulling this over and I think if I had to buy one coin and not touch it for 5-10 years it would actually be ZEC and not BTC.
Libs Posted Thursday at 11:29 PM Posted Thursday at 11:29 PM 6 hours ago, Milu said: I suppose the main question for you is have the reasons you like and bought bitcoin in the first place changed. For me I bought it as fixed supply non sovereign store of value that allows me to maintain a portion of my wealth outside of money printing apparatus of modern governments. For me it was always a digital gold and unless someone points me to a better alternative I don’t particularly worry if I’m missing something or if there is something structural going on. I’ve held gold for a long time in the past and I remember when it went nowhere for years and people were constantly discussing various theories about how paper gold or futures were holding back the market, or central bank manipulation. Eventually the price goes where it should so if enough people want bitcoin over time it will for up, if people no longer see value in it, then it won’t. Agreed 100%
Fly Posted Friday at 01:10 AM Posted Friday at 01:10 AM https://bitcoinmagazine.com/news/anonymous-plaintiff-seeks-legal-bitcoin Quote The practical concern, as Galaxy and legal commentators have noted, is different. A court declaration could function as a “cloud on title” — a legal document the plaintiffs could present to a regulated exchange or custodian if any of the listed coins appeared at a centralized venue. That could trigger asset freezes and force original owners to surface and prove ownership, potentially at the cost of their anonymity. It is that leverage over regulated intermediaries, rather than any ability to seize coins directly, that gives the case its potential significance.
Buckeye Posted yesterday at 02:55 PM Posted yesterday at 02:55 PM (edited) On 5/28/2026 at 5:16 PM, alxcii said: Curious how you stumbled onto ZEC, I didn't think anyone would post about it here until price was way higher. I keep mulling this over and I think if I had to buy one coin and not touch it for 5-10 years it would actually be ZEC and not BTC. "It’s a More Secret Version of Bitcoin and It’s on a Tear" Zcash reminds some of bitcoin’s early days—but some see its privacy features as a red flag https://www.wsj.com/finance/currencies/zcash-crypto-winklevoss-78d71d51?st=TVzAnD&reflink=desktopwebshare_permalink “It feels like bitcoin circa 2013,” said Barry Silbert, founder of Digital Currency Group and Grayscale Investments, which set up the first publicly traded bitcoin fund. https://www.fool.com/investing/2026/05/29/is-bitcoin-dead-here-are-3-reasons-why-it-might-be/ I read another article recently where some younger investors were quoted as saying something along the lines of "Why would I want to buy Bitcoin, which has already increased 11,000% in the past 10 years, when I can buy Z-cash and possibly realize similar returns?" Edited yesterday at 02:59 PM by Buckeye
TwoCitiesCapital Posted yesterday at 03:01 PM Posted yesterday at 03:01 PM 4 minutes ago, Buckeye said: "Why would I want to buy Bitcoin, which has already increased 11,000% in the past 10 years, when I can buy Z-cash and possibly realize similar returns?" Basically the justification for every shit coun ever.... Someone asked me the other day "what's the next Bitcoin?". I told them the answer is Bitcoin.
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