Re:Ethereum Plunges 20%
by nodesocket on Sunday July 16, 2017 @06:05PM
(#14784342)
Aren't you forgetting Alphabay being shut down and the founder committing suicide? I am certain lots of people had crypto coins float in Alphabay, which is now just lost. Can't be sold, just lost into the air.
[ Parent
| on HN ]
The beauty of the blockchain is that everything is open.
Most of the bitcoins sit in the wallets of rich Americans (or well westerners) and Chinese "investors". The former looks for a cool new investment tool the latter seeks to have global financial influence and a way to get money out of China without ending up in prison for life.
Are you sure the coins in Alphabay are lost? Couldn't the government just sell them off like they did with the coins from Silk Road?
Re:Ethereum Plunges 20%
by nodesocket on Sunday July 16, 2017 @07:58PM
(#14784746)
I believe there is a difference between coin seized from the personal accounts and general Alphabay account. Also, this assumes the government has private keys and access.