91–100 of 617 posts
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But children can buy a cereal box that has some "rare" card.
Close to 0% of children do their own grocery shopping and buy their own boxes of cereal
So high prices induce new supply in a market to relieve shortages and the “economy is in free fall”? Sounds like it is working as it should. Those with oversight fixing supply in response to price signals when the private system is unable to. Wouldn’t it be nice if those in charge of the economy in the real world made the same sort of intervention.
The supply of digital knife skins is infinite and free. The only reason they hold any value at all is because a company artificially restricts them. Doesn’t really tie in to actual markets involving physical item.
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Probably the biggest possible investment for quantum computing today is all the abandoned bitcoins wallets ripe for taking
If you can get abandoned wallets, can't you just get any and all wallets? Edit: minus some race conditions of people changing passwords/moving/emptying wallets.
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Probably the biggest possible investment for quantum computing today is all the abandoned bitcoins wallets ripe for taking
If you can get abandoned wallets, can't you just get any and all wallets? Edit: minus some race conditions of people changing passwords/moving/emptying wallets.
1. It's easier to extract funds from abandoned wallets without being noticed
2. There will be a transition to wallets with post-quantum cryptography
3. The abandoned wallets won't be able to make that conversion because these need new wallets/keys
People love buying unsecured securities and then being upset when bad things happen
"The GOAT of expensive skins in CS2 is the Karambit Case Hardened in the "Blue Gem" pattern. While the original is costly, one Factory-New variant with pattern 387 reached a staggering $1.5 million! The rarity comes down to its blue pattern, which is incredibly rare on a Karambit."
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If you can get abandoned wallets, can't you just get any and all wallets? Edit: minus some race conditions of people changing passwords/moving/emptying wallets.
Actually, no. Even a perfect quantum computer can only attack a key if its public key has already been revealed on-chain, which is only the case for a small amount of coin. The other QC attacks rely on cracking a private key after it was broadcast, and before the transactions make it into a block.
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If you can get abandoned wallets, can't you just get any and all wallets? Edit: minus some race conditions of people changing passwords/moving/emptying wallets.
I am making a lot of assumptions here which are not backed by much knowledge about bitcoin: 1. It's easier to extract funds from abandoned wallets without being noticed 2. There will be a transition to wallets with post-quantum cryptography 3. The abandoned wallets won't be able to make that conversion because these need new wallets/keys
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Most of the scarcity in artificial economies like CS is (just as with trading card games) manufactured and vulnerable. Seeing what happens with a rug-pull in a billion dollar artificial economy like this is a valuable lesson for anyone watching. If/when the huge Satoshi bitcoin stash gets traded in, we'll see similar outcomes there too.
Probably the biggest possible investment for quantum computing today is all the abandoned bitcoins wallets ripe for taking