stake2018

If you can find a way to manage that excess power and show it’s reliable, you might stand out. Prove that waste power can efficiently run for a month or so. That’s your ticket to attract investment for powering mining…

This could be a good time to set up informal P2P transactions. Like, if the rules get harsh, at least we can still find ways to profit without getting too stuck.

Totally agree! They're trying to squash DEXes into becoming CEXes. It's annoying. Prices might drop, which I see as a good thing honestly. Bitcoin is way too expensive right now.

But why have so many bought BTC through ETFs if they’re not real? BlackRock’s reputation attracts people who want quick profits without the crypto hassle.

That’s why it’ll sell. More money in the stock market than crypto, and for some, buying an ETF is less of a headache than managing their own Bitcoin.

Cool to hear! I do weekly spaces on X too, feel free to join anytime.

Exactly, they probably wanted solid evidence before grabbing him. Plus, going after the customers too makes sense. Get the whole operation, not just one dude.

Wow, even a basic setup sounds expensive. What’s your total investment? Also, are setups like Starlink worth it? How’s your profit been every month? Have you recouped your initial costs?

I’d love a tutorial on setting this all up. How do you handle power outages without being there? Do you have a generator? I assume it’s not easy getting internet if you’re in a totally remote place?

Oh, I see what you mean now. They used their skills for this manipulative scheme? They’d be perfect for a role in Ethereum instead of prison.

Is there a simple way to get this? Did they hijack the blockchain to swipe fees? I’m a bit lost.

True, but I'm curious about their technique. They pulled this off so quickly, and the government was on them in no time. Maybe they had insiders that tipped them off?

Totally agree. Most folks aren't trained properly. I've seen self-proclaimed "experienced traders" who can't even spot basic support and resistance levels, let alone read charts right.

I beg to differ. Yes, I have been criticized for hiding missing bitcoins. But in Japan, most charges lead to a guilty verdict. The Bitcoin Foundation fell apart on its own.

You’ve already laid out the main reasons against this in your post. It’s essentially theft. More exchanges have been hacked since MtGox and lost customer funds too. Why not recover all that? What about retail investors?

This situation is pretty unique for a bunch of reasons.

What’s your best argument against it? Those coins have sat there for 15 years, everyone knows they’re from the hack, and some people are trying sneaky ways to claim them in court. Giving them back to MtGox customers…

I'm just trying to get a convo going. We've seen Ethereum do something similar with the DAO hack, which led to a fork. In the end, they made the call to help the folks who got hurt.

Just put out a pull request on Bitcoin Core to talk about a one-time consensus that could help recover around 79,956 BTC taken during the MtGox hack back in 2011.