Craig Wright ordered to hand over half of his alleged Bitcoin holdings

Re:Craig Wright ordered to hand over half of his alleged Bit... by 9nGQluzmnq3M on Wednesday August 28, 2019 @05:42AM (#20818216)

There are indeed many absurd things about this case, but that's not one of them: the value of anything will collapse if you try to sell a significant fraction of the world's total supply at once.

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Re:Craig Wright ordered to hand over half of his alleged Bit... by sk5t on Wednesday August 28, 2019 @07:33AM (#20818725)

"I'm sorry, your honor, the laws of supply and demand make it unpalatable to comply with the court's order."

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Re:Craig Wright ordered to hand over half of his alleged Bit... by 9nGQluzmnq3M on Wednesday August 28, 2019 @07:36AM (#20818741)

As noted elsewhere, the court is demanding that Wright hand over half the bitcoins, not $5B in USD.

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Re:Craig Wright ordered to hand over half of his alleged Bit... by sk5t on Wednesday August 28, 2019 @07:58AM (#20818871)

I agree, although this is not the point to which your original post, and my concurring post, respond. Had the court ordered liquidation--of bitcoin, hogs, apartment blocks, whatever--it seems unlikely that market volatility would stay the court's hand. (Again, we agree about this.)

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