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My theory was always that Satoshi burned the coins from the beginning. There never was any fortune.
by wmf 1y ago
My theory was always that Satoshi burned the coins from the beginning. There never was any fortune.
- amjnsx 1y agoI see it as the ultimate honeypot. If those coins haven’t moved yet the network is secure.
- monster_truck 1y agoI think you mean canary. Honeypots are decoys by definition
- IIsi50MHz 1y ago…not in my understanding. The term would seem to originate from one or both of "a pot of honey" and "a cesspit or chamber pot"[1]. Both attract flies. the former attracts bears, while the latter attracts 'filth'; both attributes can be useful. The attractant need not be a decoy to function. [1] Sidebar: a 'honeydipper' can be either a tool made of spaced circular disks on the end rod for the purpose of obtaining honey from a container, or a scooping tool used remove excrement from a septic system or storage container.
- josu 1y agoHe may have burned the keys, not the coins. The process of burning the coins is by sending them to an address such as: 1111111111111111111114oLvT2