Paxful Founder Suggests Satoshi Nakamoto “Burning” Bitcoin
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Answer Paxful Founder Suggests Satoshi Nakamoto “Burning” Bitcoin
Every now and then, someone who claims to be Satoshi Nakamoto, the founder of Bitcoin, appears.
This has become a nuisance to some and poses some threats to the market, especially in the event that the “real Satoshi” appears and decides to spend all his possessions.
For the real Nakamoto, he has become horribly rich as he currently has almost 1 million bitcoins equivalent to more than $10 billion in his wallet that has not moved since its inception.
Paxful founder Ray Youssef suggested an unconventional solution that might sound crazy to some.
The proposal is to burn all of Satoshi’s 980,000 bitcoins.
Where he stated:
“One million bitcoins are less on the one hand, and on the one hand we put Satoshi to rest and peace permanently.”
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If all of Satoshi’s bitcoins are burned, the anxiety caused by Nakamoto’s identity may disappear and his appearance will become does not constitute no risk.
As for how to burn Satoshi Nakamoto’s Bitcoin, it will be by the consensus of all connected to the Bitcoin blockchain.
They agree to transfer the coins to a different account or agree to create a new network (a new split) in which Satoshi’s 980,000 bitcoins will be in the old network.
The proposal was made by Youssef on Twitter and referred to Bitcoin investor Roger Ver, CEO of Binance (CZ), and Coinbase CEO Brian Armstrong.
interaction Some followers agreed with Youssef’s suggestion negatively, as one of them indicated by saying:
“Why isn’t the founder of Bitcoin worth this money? Why this selfishness?
Another replied:
“It is just as stupid an idea as the idea of the CEO of Binance that suggests that the Binance blockchain will be rewritten after it was hacked.”
A similar incident to Youssef’s suggestion was the split of the Ethereum network after the DAO hack in 2016, which resulted in the new Ethereum and Ethereum Classic.
Read:Learn about the story of the “hamster” who trades in cryptocurrencies and makes returns from them!
Thus, Joseph’s suggestion may seem reasonable!
Read also:
Who is “Satoshi Nakamoto”? What is the importance of his identity in the world of Bitcoin?
Satoshi Nakamoto, the founder of Bitcoin, reappears
Fake news in the crypto world is losing millions of dollars
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