I Obtained Satoshi's Treasure Keys 1, 2, and 3 in Minutes

Post by iakh » Thu, Apr 18, 2019, 3:47 AM UTC

moftz wrote: post #14

kbenson wrote: post #9

Earlier quoted context omitted.

> Is drumming up more interest in bitcoin enough of a goal? If you have many millions of dollars in bitcoin, or are a consortium that does, how do you remove any sizable chunk of that money without tanking the market? One way might be to get people interested, and wanting to buy bitcoins, which allows bitcoins to be liquidated easier without affecting the market. Does this accomplish that, and how large does the amou…

How does a CEO of a company turn their stock into a bunch of cash without tanking their stock price? Selling after a bad quarter makes it look like things are dire. If you can't perform well, make everyone think you are going to perform well. Anyone that wants to make a profit off of bitcoin needs to hype it up as much as possible

Post by jmiserez » Thu, Apr 18, 2019, 5:42 AM UTC

tuesdayrain wrote: post #17

chx wrote: post #3

Ah yes when the Nakamoto Scheme (name courtesy of https://prestonbyrne.com/2017/12/08/bitcoin_ponzi/ ) begins to run out of steam, of course those with stakes need to do something to get the scam back on track. And HN fell for it, hook line and sinker. The Washington Post had it right in 2015 even though they didn't even use the neologism "hodl": > - Hey, do you want to hear about the future? It's a digital currency…

Talking about irreversible transactions as if they're objectively bad is intellectually dishonest. Chargebacks are a real issue for many genuine sellers and crypto offers perfect protection for them. If you don't trust the seller then use alternative methods, but this type of transaction is for a niche that needs to be filled.

Post by [deleted] » Thu, Apr 18, 2019, 6:30 AM UTC

Karunamon wrote: post #24

jmiserez wrote: post #23

Earlier quoted context omitted.

Yes, and cash is irreversible too. A large part of the world still runs on cash and it works just fine. Chargeback rates vary a lot by country too so this is not as much of a problem everywhere. And with 3-D Secure authentication it's already much harder to get your money back.

Sadly, cash doesn’t have an effective range beyond a few inches.

Post by aeternus » Thu, Apr 18, 2019, 7:29 AM UTC

kryogen1c wrote: post #4

chx wrote: post #3

Ah yes when the Nakamoto Scheme (name courtesy of https://prestonbyrne.com/2017/12/08/bitcoin_ponzi/ ) begins to run out of steam, of course those with stakes need to do something to get the scam back on track. And HN fell for it, hook line and sinker. The Washington Post had it right in 2015 even though they didn't even use the neologism "hodl": > - Hey, do you want to hear about the future? It's a digital currency…

My immediate reaction to satoshis treasure hunt is that it feels like a scam. Is drumming up more interest in bitcoin enough of a goal? I don't buy that someone spent a million dollars (plus invested time to make the game) for fun with no way to make money back.

Post by X6S1x6Okd1st » Fri, Apr 19, 2019, 7:16 PM UTC

fatzeus wrote: post #20

X6S1x6Okd1st wrote: post #5

Odd that they don't sign a message with the wallet they say they are putting up for stakes.

Apparently finding the wallet will be one of the later clues.