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Is it fraud because there was zero acquisition cost? If it were the real Satoshi (let's pretend for this that Satoshi was one person and not a team at NSA), wou
by yucky 5y ago
Is it fraud because there was zero acquisition cost? If it were the real Satoshi (let's pretend for this that Satoshi was one person and not a team at NSA), wouldn't that Satoshi also have zero acquisition cost?
- OJFord 5y agoNot because no, being gifted something isn't fraud, I just meant that when I broke it down into simply what it is I realised it's like finding a credit card and guessing the PIN.
- yucky 5y agoI don't think that analogy holds though. In the case of a found credit card, there is an aggrieved party is defrauded. As far as anyone can tell, there is no actual person who is Satoshi. If there were, he would be one of the ten richest people in the world, and yet not a single bitcoin has been moved to indicate he exists. So there is no aggrieved party and thus nobody defrauded. The biggest issue would be the massive sell off that would happen if those coins were moved and sold. It would shake crypto to the foundation.