News for hackers. Stuff that matters.
Re:How to Lose $3B of Bitcoin in India by atomical on Sunday August 12, 2018 @06:24PM (#17746782)
The issue is that non-state actors were hiding money to avoid taxes. I wouldn't label prevention of theft as manipulation.
Re:How to Lose $3B of Bitcoin in India by 1996 on Sunday August 12, 2018 @07:12PM (#17746991)
Invalidation is manipulation. The goodness of the reasons does not matter. Some people prefer a currency that can not be invalidated (shrunk) or debased (grown)
Re:How to Lose $3B of Bitcoin in India by atomical on Sunday August 12, 2018 @07:13PM (#17746995)
Wouldn't creation be manipulation too? As in the creation of the genesis block with Bitcoin?
Re:How to Lose $3B of Bitcoin in India by chii on Sunday August 12, 2018 @07:35PM (#17747087)
but everybody knows the approx. creation rate of bitcoins. Fiat money creation is not predictable to the same mathematical degree.
Re:How to Lose $3B of Bitcoin in India by atomical on Sunday August 12, 2018 @10:50PM (#17747727)
No one knows who Satoshi Nakamoto is, if he's alive, and whether he will use his bitcoin in the future. He could move the market if he chooses. At one point he was an oligarch, correct? He had money and political power as far as Bitcoin is concerned.
Re:How to Lose $3B of Bitcoin in India by chii on Monday August 13, 2018 @08:44AM (#17749604)
i dont believe the spending of Satoshi's (nor anybody else's coins) would cause any issue, since the market knows of the existence of these coins. It's that bitcoin is quite volatile due to its immaturity as a currency and commodity (it seems to act as both atm...)

Unless satoshi has somehow hidden a large chunk of coins that has never been released somehow (which, would be weird, since as soon as they release it, it would invalidate the current chain!)

Re:How to Lose $3B of Bitcoin in India by 1996 on Sunday August 12, 2018 @08:26PM (#17747267)
If you are arguing that the initial creation is a manipulation, I think you are posting in bad faith, because manipulation is generally understood as altering something that already exists - as in "genetic manipulations"
Re:How to Lose $3B of Bitcoin in India by agorabinary on Sunday August 12, 2018 @08:26PM (#17747263)
> prevention of theft

Taxation is theft.

Re:How to Lose $3B of Bitcoin in India by orf on Sunday August 12, 2018 @08:42PM (#17747319)
Except that, you know, it's not.

And I'm not sure that your comment adds anything to the discussion here, I would consider elaborating on why you think you should not have to pay taxes after being able to generate wealth using public infrastructure as a foundation.

Re:How to Lose $3B of Bitcoin in India by throwaway8879 on Sunday August 12, 2018 @10:17PM (#17747622)
Next time you use a public utility/service please turn yourself in for theft also.