Every story and comment from the Hacker News API, in a layout borrowed from 2001.
A comment on Silk Road Bitcoins worth $1B transferred after seven years. Parent comment
- slowly buy bitcoins on exchanges over several years
- destroy the wallet with 1B publicly ( I assume here it is possible. I heard of possibility to transfer to reserved/impossible wallets )
- wait a bit for the exchange rate to go up
- sell your previously bought bitcoins
- pay back the loan
Edit: OK, maybe $1B is too small for this scheme to work. But if the wallet would contain say 50% of all bitcoins this would be a possibility.
There are no comments on this comment yet.
- slowly buy bitcoins on exchanges over several years
- destroy the wallet with 1B publicly ( I assume here it is possible. I heard of possibility to transfer to reserved/impossible wallets )
- wait a bit for the exchange rate to go up
- sell your previously bought bitcoins
- pay back the loan
Edit: OK, maybe $1B is too small for this scheme to work. But if the wallet would contain say 50% of all bitcoins this would be a possibility.