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by SODaniel 4813 days ago
I think the 'point' here is that as opposed to chests with 100.000.000KG of gold there are actually 'lost' wallet files with enough BTC that it would 'rock' an economy with a currency cap in the future.

I am pretty sure if someone found a stash of gold worth $400.000.000.000 that WOULD actually effect gold prices. Also: Gold has 'real life' uses (production of components etc) and real world costs etc. attached to handling (weight, transport costs etc). None of which BTC has.
2 comments
dragonwriter 4813 days ago
> I am pretty sure if someone found a stash of gold worth $400.000.000.000 that WOULD actually effect gold prices.

Yes, it would. Spain essentially demonstrated this in the 16th Century, with the New World as the "stash".

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mayneack 4813 days ago
So I don't know how much gold it would take to rock the price, but I'm guessing it's enough as to be non-trivially "lost" however, any random flashdrive could contain any number of btc.
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thornkin 4812 days ago
The analogy to gold isn't gold that was once possessed that has been lost, it is gold that is newly discovered. A new find of a big gold vein, gold on an asteroid, etc. would be a similar shock to the system.
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