I think the only possible scenario is if it was irretrievably broken. But in that case someone could repair and relaunch it and use the dead coins as proof to redistribute the repaired ones which would give them value.

Other than that even if it was gulped by alts there'd be a few odd little holdouts who'd give it value.

No. I doubt there's much overlap in personnel. Most stock traders would wrinkle their noses at the idea of bitcoin.

Ceypto traders are too scared, impatient and skittish to handle stocks. They're glacial in comparison.

Yes. I've just gone and done this. You never know when that fatal bus flattens you. I seriously doubt anyone else will have a clue what to do but they can look at those strings of numbers and remember me fondly.

$10000 arriving within a couple of months would induce a horrendous hangover that could last for a long time. That type of movement doesn't come without an eventual reaction and it's usually an ugly one.

It solves strife mainly. But it's about more than raw block size. It fixes some holes in Bitcoin that allows new systems to be introduced. A straightforward block size increase would never be enough to satisfy every possible user out there. Some lateral thinking is needed. Segwit should allow more development of that.

You ain't seen nothing yet. Imagine what it'll be like if crypto's market cap hit a trillion. There'd be 'developers' scurrying around like ants pumping out even more outlandish crap.

The bigger it gets the more silly sausages there are who are too dim to realise that missing the boat often means they get on one that sinks instead.

I think it's a more modern thing than that. The internet has replaced a huge amount of live sociability for many people in a way that's really not healthy.

Can you imagine proposing suicide by cyber bullying to someone in the late 90s? They'd think you were mental and would suggest turning off the internet.

Many people don't even need to be hacked. They're only too happy to give their bitcoins to total strangers for reasons I've never quite fathomed. You can never go too far wrong with the old if it's too good to be true thing.

Sod price. The only milestone worth anyone's attention is a successful scaling solution that enough people are happy enough with. Nothing else comes close.

Nah. Most people are too blinkered to value it so they'd probably use the paper wallet to light the wedding cake candles. I'm not into completely squandering money.

How old and well established is this exchange?

This is what I wonder about with all this legalisation talk. Are the legalised exchanges up to the task or are they in a hurry? There's no coming back from a successful hack.

It's all very well being backed by big companies but I don't know if that makes you any less vulnerable.

I can relate to that. I find the never ending shitstorm that is bitcoin far more interesting than anything going on in day to day life. I could waste lord knows how much time just reading up on it whilst immobile. I should be out baking cakes for the homeless.

1 - He can only sell once.

2 - There's no evidence for this 1 million figure anywhere. There were early miners. Not millions of them, but more than just him.

Somewhere between now and then there'll be some type of epic confrontation between the haves and the have nots.

Look at people like Peter Thiel sorting his exit plan to New Zealand. Technology will not equalise us. It'll make things even more skewed than they are right now. At some point real people are going to crack.

I'm away from my regular machine for a while and I always seem to forget my nem forum password so that's someone else's job for the week.

Before anything else though someone needs to find out what the deal is from Kraken. I don't know if they publicise this. Perhaps someone semi official needs to ask.

It's a drop in the ocean and it's one of the single most important things that money could be spent on. I don't see the point in waiting five years organically growing when it could be on there in a few weeks for such a small outlay.

Western exchange options are pitiful. It needs to change.

I've already said I'd be willing to contribute to a crowd fund to do it.

Crickets.

Many alt exchanges do the same. Considering some of the utter junk on Kraken the only explanation is that they were paid.

https://www.dashcentral.org/p/bsdev-general-201702

https://www.reddit.com/r/dashpay/comments/651osc/im_thrilled_with_the_kraken_news_but_heres_the/

Exchanges are out to make money and that's it. People who want coins listed on them are the same. They may as well milk them.

You have to pay them. I've suggested doing so. Dash paid $50,000 in development and listing fees to get on there. As the foundation is sitting on god knows how many millions' worth I don't get why they wouldn't spend a piddling amount like this.

It's odious but it would make a vast difference.

The one and only time seized coins caused a panic was the first Silk Road auction. I think it was 30,000 coins.

For some reason an awful lot of people got it into their head that someone with several million dollars would buy the coins, go straight to a piece of shit exchange that you wouldn't trust your welfare cheque to, and dump it all instantly.

Weirdly enough it didn't pan out like that. There were multiple auctions afterwards and apart from the FUDing tossers, no one paid it any more attention.

There are other seizures out there but they've been much smaller and I really don't see how those amounts could ever happen again.

The last one to panic over is the 202,000 Mt Gox coins. I'm not sure they'll be swapped for fiat. If they are Cumberland Mining, a big OTC broker, have already offered to do a deal on all of them so they'll never go anywhere near an open market.

No.

But in almost all cases the intrinsic value of something that is commonly perceived to have it is tiny, everyone's excitement around it humongously inflates it.

The people who tout gold's intrinsic value always refer to the industrial purposes. That being the case gold's intrinsic value is piddling. It's the speculative value that gives people boners. Gold's common as muck compared to many other metals but 95% or more of the value is down to sentimentality and racial memory.

Tens or hundreds of millions have died in the pursuit of dollars or the dollar of the day. The only value they have these days is the collective faith that it's worth something. That's a universe more powerful than something with the intrinsic value of curing your itchy arse or conducting electricity rather niftily.