If/when the huge Satoshi bitcoin stash gets traded in, we'll see similar outcomes there too.
If/when the huge Satoshi bitcoin stash gets traded in, we'll see similar outcomes there too.
Plenty of market manipulation and rug pulls happening on the regular stock market as well
I'd say that's true: if you have one skin, there's virtually zero production cost to making more copies of said skin.
It's not that different for many things in the real world, I suppose (eg: if you sell way above cost, then your cost is also arguably zero), but I'd say it's magnified in the digital world (or even with NFTs).
The cards were literally indistinguishable even with the loupe. I quit buying cards after that. It’s a suckers game if I can’t tell the difference between a $50 and a $3 card even when I know one is fake. Sure enough, a few months later the prices have absolutely cratered for the cards.
The only ones they couldn’t copy exactly seemed to be the “enchanted” cards, which sell for hundreds or thousands of dollars.
Edit: minus some race conditions of people changing passwords/moving/emptying wallets.
I guess some people call early P2PK (pay to public key) addresses "abandoned", but we simply don't know if somebody still controls them.
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
In a scenario where you have a powerful enough quantum computer and are able to break the encryption you can access any wallet (I.e. the system would be done, and the value would be zero).
But on the other hand there are people looking at those abandoned wallets and if money start to flow out from them someone will ask questions.
A new wallet cert would be created that uses more bits. Enough that a brute force even with a quantum CPU would take too long. Then you transfer the funds to the new wallet. Abandoned wallets might be claimed during this transition but overall the deflationary trend of btc won't really be effected long term.