other things to consider.
imagine there were 100k customers..
all getting a split of the funds

its not going to be a single TX of 100k outputs
its going to be separate transactions over hours/days.
because the auditors will need to make a batch TX of X customers.
wait for the confirm. and triple check things as the funds go out per batch

its not a push button and forget thing for litigators/courts and auditors to do

so dont expect it all to release in one shot. and then dont expect all receivers to unanimously or even 50% of them to collectively decide to sell at the exact same moment.

with some exchanges only doing a couple hundred btc volume a day.. even if it was 10% of the stash being sold (13k) in one day. it can affect the prices

on the weigh of averages

the price at the MTGox close was in the $100-$1200 range for the couple years prior to close.. lets call it an even $400 for pencil math(not everyone bought at the same time)

imagine it was for easy pencil math.. 850k customers with 1btc each
well they aint all getting 1btc each back... they are getting (pencil math scenario) a 6th of their account balance

which is on average 0.16117647
which at todays price is still $3k

so still profit in the end. so selling is still profit

the only thing that matters is that its not a case where the coins are going to need to be sold by court order of settlement in one shot/one order to fulful a court ordered fiat amount settlement

by releasing the fund AS COINS. it atleast wont be a full 137k sell off in one shot. one sell order.
instead it can be sporadic and long term selling off chunks by old whales with more then a few coins.

though with all that said.
selling at the bottom of todays market is stupid.
they are in profit and some may just want out and forget about crypto there will be some sell off.
and some that may just hold

and now have fun speculating.. because no one knows what all the people will choose.

..
if i personally had coins in at the time. and a meaningful amount. i would have years ago wrote them off as a loss and forgot about them so it wont consume my life/stress levels.
then if getting a letter saying im getting a 6th of my balance mid summer. id choose to hoard. i wouldnt sell at this low market price even if they are in profit.
(but then again i actually do have my own hoard from 2012era, at super profit which i kept in my own private key where im not ready to sell)
though i do expect others to just want to sell up and move on if they totally removed themselves from crypto years ago

logic, common sense and alot of looking into by lots of people come to this conclusion:

satoshi was one person...
no one else used his pseudonym

but he did talk to and get idea's from other people and get different aspects of features from different sources.

he simply was the magician, and smart guy that pieced it all together. he made the decisions of which cryptography, what numbers, how many bytes, etc.. and pieced it into a form none of the other cypherpunks or economists or anyone previously in time could have thought of.

he was writing the white paper towards a community of cypherpunks. which he felt part of. so like most communities when talking with them he would write we

if you know enough about things like mining and stuff or look at the 2 year market prices

simply look at the coins price and guage it on a score of where the prices had sat at in the last couple years
cheapest-expensive
EG
$15k            $70k
||||||||||||||||||||
and see where the price currently sits.
and then mark where the current price sits within that window


its a lil important to see what the cheapest mining are/were and where the 2 year LOW/high of market is and was to work out how much wiggle room is left at the low end compared to the price

EG bitcoin is at the low end
where as ethereum has alot of wiggle room to fall. (most efficient mining is lot cheaper than current price and going to get a HECK OF ALOT cheaper.. be warned)

if you are buying.. a price going down is not bad..
call it discount the lower it is the less you pay the more you get.
however dont get too obsessed with trying to wait for the ultimate bottom.
especially if prices are already in the good green region already

if you can work out that a coin has alot of wiggle room left where a recent LOW or mining cost is alot less then current price, meaning the price s in the orange zone. then yea wait it out you might get lucky.
and yea if its in the red zone like if a coin is in a current high/new ATH dont buy..
but if its in the green relax and be ok to buy in. knowing odds are in your favour, you just have to have patience

taking away the idiotic views, and just concentrating on the concept.

lets run that scenario through.. again .. but using potholes as the public service instead of his biases of poor people.. just to be more fair to the concept he is probably trying to make

imagining the current system where a neighbourhood pays state taxes via employment income tax and hoping one day the state finally inspects the neighbourhood and see's the roads with potholes and finally does something to repair them via tax..(i know annoying right. you pay money in but feel you never get anything out of it personally)

sbrys, instead is probably envisioning a 'choice' where he and his neighbourhood can collectively or individually seek out a road repair service from YELP, and get a few quotes and decide on the best deal and then he himself funds the pothole infront of his yard/driveway. or collectively with his neighbourhood they all chip in a share of funds into a multisig to pay for numerous pot holes that even he bumps in and out of on his route out of his neighbourhood..

however he needs to think. not all residents will voluntarily want to pay the upkeep of their road. or even care about the pot hole infront of their driveway because they learned to drive around it.. or they cant afford it this year
..or if there is an annoying pothole 5 houses down the road that he bumps into. if he wants it sorted he would pay for more of it then the share of the neighbourhood because others might not have that same equal annoyance of said pothole or funds at hand to pay it..

thus it becomes a tale of spite and arrogance in the neighbourhood where sbrys thinks he is not responsible for the pot hole 5 houses down where it should be the home owner 5 houses down that repairs that hole. (which that home owner doesnt care about as they drive around the hole). and now the neighbours are fighting, each making excuses not to pay for the repair. or arguing about paying for other peoples responsibilities

what then happens is a neighbourhood committee is formed to set rules for the neighbourhood where everyone has to pay in a neighbourhood service charge where it appears as a small% each on a regular bases rather then singular lump sums at surprise times

see where this is going.. simply swap the word 'committee' for 'local government'. and then add in the concepts of how neighbourhoods then club together to get 'group discount/bulk purchase' discount. and let that concept expand..
and within years. guess where you end up.

..
now lets inject some of sbrys poverty bias
in a scenario of neighbourhood/local government committee (playing his views to the extremes(not using his words verbatim))
he would be first to tell the 'committee' to make someone homeless and steal their house and make sbrys profit, simply because they didnt pay their pothole service charge and is a rule break. and they dont deserve any special treatment.
because yea he sees their avoidance of paying the pothole service charge as a sign of weakness and he thinks the poor deserve to not survive in his neighbourhood, and he sees how he should profit(get stronger) out of their suffering by making sbrys profit from confiscating their home to pay for sbrys's costs of the neighbourhood charge.

now its all played out. here is the lightbulb moment
.. see the scenario from the other side..
by sbrys saying he doesnt want to pay taxes.. he is considered the weak neighbour that shouldnt survive

what companies do is they "paper loan" (no actual money switches hands) to a dying company
EG say $2billion (on paper not real cash transfer)

and they physically pay X% instead as a 'consultation fee' to the dying company executives. where by the dying company executives hand over a few billion of assets to the loan company in a different 'gift' /partnership handover.

this is done so that the loan company is not seen as making profit from the hand over. is not actually losing real large cash in any real debt. but gets to play a loss for tax purposes and has the debt wrote off in the bankruptcy.

celcius had more then $1bill in assets and $167m in cash. but the liabilities on paper appears as $10b but in actual fact are lower in real cash debt terms..
.. but thats how business is done. everyone gets rich during a liquidation. apart from the customers

what you need to ask yourself.
bitcoins "coupling" is not about coupled to fiat generally..
the actual coupling grief is the DOLLAR attachment(out of all possible fiats, why DOLLAR?!)

dollar is only used by 330m people. yet other countries like india and china have a billion + each people using their respective currencies

so why have DOLLAR as the coupling

then.. note this while thinking about 'coupling'

bitcoin CAN work without being DOLLAR coupled. heck it can work by being coupled to a non fiat measure.. such as "min wage hours" which would be a more fair coupling for all citizens of the world while disrupting wallstreet/forex
where by the price changes in measures of seconds/hours... which then later EASILY converts to their local fiat rate of their local fiat min wage number.
rather then measured in dollars/cents and then converted to their local fiat rate

anyways..
fiat will never disappear. governments will always exist and taxes to pay for social/public services will continue and governments will always want control or their value in their nation separate from another.

i know the euro has shown a sign of change where by the french government is not using the franc. but instead using a subset/ section of reserve of euro. where some think that can expand to a "one world currency"
..but there will always be rival countries that dont want to be puppets to a master single currency and also it reduces trade options if everyone were to use the same thing. as there is less swap opportunities for rivals to fight over.
forex is a business in of itself.

having bitcoin as a "one world currency" where by all countries only ever use bitcoin.. defeats the point of bitcoin.
bitcoin is a free option to hedge against fiat. its not meant to replace it. its meant as an escape door option away from fiat. if there is no other currency. there is no escape meaning bitcoin becomes as corrupt as fiat if people cant escape from it

sorry but if aliens/ future colonists were to use bitcoin

bitcoin has a blocktime average of roughly 10 minutes

space aliens would need to sync blocks. meaning blocks need to propagate to a distant planet in under 10 minutes to stay in sync and be able to see a confirmed transaction within reasonable time.

using bitcoin, as bitcoin limits the possible distance of colonists/aliens


what you would probably see..
(if there is a good locking mechanism on a sidechain/altnet side to truly back/peg main blockchain funds)
where by people will lock up an amount of BTC. and if (as just highlighted) a secure sidechain/altnet that could be trusted to manage the funds would be a chain/altnet that is used on another planet. where by the funds do not need to swap on the main bitcoin network by the minute and instead it becomes a once a day 'settlement' with a X confirm requirement based on the distance/time between earth and planet.

with all that said.
dont expect aliens to work in binary. or have computers like we do.
expect their 'networks' to be nothing like bitcoin or crypto.

we would need to create a representative lock on the aliens data structure. in a secure unbreakable way.
locking bitcoin is easy, no change needed. its the alien network that needs to have a consensus mechanism that cant break to then peg to the locked bitcoin reserve that would need to be part of the education/communication/introduction with the aliens

taint was not introduced about fungibility.. taint was about the tracing of a coins audit back to its origin coinbase reward that validated that the coin was created by the rules

it later become re-branded as a blacklist of treating different coins differently due to the purpose of who previously handled the coins and why


but here is the thing. fiat has [new definition of]taint too
when you receive fiat.
you have to fill in a taint report.. AKA a tax form where you have to inform the IRS where your income came from
where each form of income comes with different tax % levels.
yep a $100 received from a pension is treated differently than a $100 from an employer. vs different than a $100 gift from a relative
and yes the police treat a $100 from a drug dealer differently than $100 you got from your family.

a retailer may refuse to accept a single bank note of $100 or refuse to accept 1000 dimes. retailers would prefer to accept 10x $10 or 20x$5

currencies "fungibility" is not what people think it is. a $100 is not treated like another $100

do the maths.. its the opposite

what you will find is that people with just 1-2 eth.. (under32eth threshold) cant solo stake.
they will pool stake by depositing their little coin into an exchange
where by the exchange (one PC) regularly signs a block at penny costs for their PC due to having alot of collective stake to have lot of oppertunities.

and so then dividing that coin over a few million customers to give them small decimals of 'passive income'
which costs the users NOTHING.
 where by it cost exchanges pennies and costs its customers nothing. everyone would be willing to sell very very cheaply and still profit

ethereum while its PoW has a underlying cost of atleast $500 per eth right now. so yea the speculative amount above it is why its at $1k right now and speculated to a high of $4k
(2x-8x speculation above value cost)

but when it begins to cost only a few pennies and a few dollars. the speculation would only be 2x-8x of the underlying cost. meaning still pennies/dollars

you wont see ethereum at a $8k bubble speculative price with an underlying value cost of under a few dollars. that would be a hyper bubble.

expect etherewum to have a long term drop as it changes to PoS.
the costs of signing blocks vs pow mining blocks will make ethereum value drop by 2000x from its ATH meaning it going down to just a few dollars.

as for bitcoin.
though markets try to short the btc price. there are many countries that cant afford to mine and so they would prefer to buy and so that will counter those hard pushes of shorters.

its like everything if a banana was 10cents in 2020 and went upto 70cents in 2021 and then down to 17cents in 2022
where by its now 20cents and not many farmsers can grow bananas for 10-17cents anymore.. then people will realise that the new value of banana is ~17-20 as being the cheap price. and be buying more bananas now before the winter season when prices go premium again.

bitcoin will remain a deflationary currency where by the costs will go up.
take any bitcoin discount period as that a discount and a great time to get in

treat ethereums prices as a slow step down which will continue to step down over time as the PoS detonation looms

the first problem is not the end of the sentence. but the first part. and also this part


by this i mean. you are assuming and taking judgement of the value of bitcoin to have been worth/valued and in your eyes that it should have stayed at $70k where by the change to $20k was the unexpected, death nail.
with words like reduced, downturn, crash, drop. decline

what you need to understand is that the $70k price point was not where value was, it was not meant to sustain. it was not meant to be the purchasing power.
the $70k was the premium, the temporary bubble event . a price that exceeded expectations and was the exception

bitcoin is now back at good value rate. back in the realm of good pricing.

..
once you can flip your mindset into the notion that low=value and high=premium.
then you see that different mindset at play. where by getting 17,000 loaves of bread was the minimum wage. and the 69,000 was the lucky special christmas bonus. rather than the other way round

its not the case of 69,000 loaves was the minimum wage everyone expects to get and then the 20,000 loaves is the below poverty killer income that causes people to starve and die

my quote was in reference to someone pulling a puff piece suggesting that LN is the reason there is no bitcoin congestion. i clearly stated when there are only 17k LN nodes but hundreds of millions of centralised exchange accounts.. no fluff. its actual numbers anyone can find should they dare observe..
 the reality is people are using exchanges as "bank accounts" to avoid the bitcoin network. rather than using LN.

as stated there is real world evidence. not just the hundreds of millions of exchange customers. but also that even the CHIVO dropped LN, to instead prefer centralised exchanges as the back bone account management system of crypto/fiat of chivo payments

atleast my goal is not to lock people into LN and then give lame excuses for why they should never exit it. by screaming how bitcoin is bad, bloated, heavy,broke just to make your network look good
while simultaneously trying to ignore, hide, avoid, the flaws of your favoured network

have you dared to even read your own post history and tally how many times you shamed bitcoin vs how many times you shamed LN.. go on try it observe your bias

yea you hate bitcoin network i get it. but do yourself a favour. if you want to be a PR guy for LN.. try better.

maybe you first should learn plagiarism
its about passing off someone else's hard work as your own for monetary gain, reputation
this is not a school or a work place.

someone clearly saying he noticed something on a binance tweet is not claiming the content as his own.
also this is a forum. a social platform. its not a scholars white paper portal where things get published for professional review. professional credit

chill out a bit.
the plagiarism rule is not about trying to ban accounts for simply not providing links. its about stopping idiots from claiming they made the bitcoin white paper or where a scammer is claiming to be a project manager and wants donations by stealing whitepapers and PR campaigns from other projects and saying they are his.

so calm down you sound to much like a conversation cop. threatening punishment for silly reasons

the problem with society is this

when it comes to helping those in need. the government take the most basic low number they can find as the survival line. and give that as social security payments/unemployment allowance.

then they set another slightly higher number as the minimum wage..
but both of these are way below the 'cost of living' true number

so even having a job at min wage isnt going to cut it. and instead of fighting for an increase of minimum wage some people argue that the social security is too high..


the problem is not the poor. its that min wage is not at living cost!!!. so blame the low min wage. not the social security
..
what could be done because technology allows it...
is an actual measure.
EG they say 5 fruit-veg a day, X amount of protein,fat sugar... actually cost out a real healthy diet, instead of the meanial rice and instant mash with beans budget diet. the actual average electricity bill. not the cheapest ineffective energy supplier.
the actual housing costs not the government supplemented/discounted housing cost.
actually work out a true living cost and make that the minimum wage.
 where by the social security is ofcourse below that. but there is no crying about minimum wage being like unemployment. but instead a fair minimum wage. that people want to work to get(for those that can)

the technology is there to codify all of this and automate it. like taking values from all retailers and auditing them to certify prices and then calculate fair min incomes for different 'laws'(min wage/social security) to be put into code and voted in by citizens. (no politicians required)

where for instance how to get social security funded, it can be less of a "tax regime". but more of a system of voluntary contributions. where some people can 'stake' the coin(already earned savings) and where by a certain amount of PROFIT of the stake  then funds the basic social securities and thats where 'money creation(via staking)' goes towards instead of current system where money creation is debt/loans.
so where the staking system (money creation) funds social security. and people earn savings interest by staking too.

completely separate from their real life employment earnings of coins..


all without a politician decision maker. and without blaming the poor

washing aside your "lets those suffering, suffer more' remarks of your tax burden

if there ever was a society without politicians. where all criminal law was voted in via people using blockchain votes that validated a law by them having one vote per person.

where people could  donate towards the road repair of their street by forming a neighbourhood multisig where a neighbourhood volunteers to put funds in if they get peed off with the road disrepair. where by they all club together to pay for fire/police service should they live in an area that has serious need for security.

then in that dream utopia. it can be done by the technology.
but what you then see happen is instead of 'neighbourhood voluntary tax' it soon pools/syndicates into town tax, then county, then state then national tax. where by it tries to make things cheaper per person by adopting a wider population into paying into the pool of funds.. and many decades later.. oh look government again..

yep taxes used to be village/castle level centuries ago. then it evolved. to national level. due to citizens opting for that kind of thing over time

many countries have many tax loopholes. the main one is loans.
so allow your forum pseudonym to loan(personal loan) your real life name a 0% interest with a 100 year repayment plan of £0.01 with no penalty for non-payment.

as for
very much sounds like you want the rich to get rich and the poor to just die off

if you dont care for the poor. then yes expect some people to call you out on it.
there are alot of anti-capitalists in bitcoin. as that was the whole point. to get away from elitism

by the way capitalism is not where everyone gets rich.. thats the fantasy tail the rich tell poor people when rich ask the poor to hand over their money.
capitalism is the myth that if you work harder and scrub them toilets or flip those bugers better you too can be a king of a kingdom one day..
do you think clintons or trump ever scrubbed a toilet or flipped a burger or done manual labour ever in their life..
capitalsim is the fairy tale dream of hope without promise.

capitalism is actually in simple terms.. the bigger character comes first. literally. and the smallest character . comes last

by the context of your topic. you are only talking about unemployment and using them as your target.
out of all the possible targets if you were to work out possible % of your tax amounts.. you seemed to have picked unemployment as the target, which is odd in of itself.

you also think that if you made special arrangements with your employer you can avoid paying into unemployment.

you never mentioned the military, or pensions or public services like police and fire. or road/bridge repair, or
national forest/conservation area, or reservoir/water/river maintenance.  you made it specifically a target of honing in on unemployment, mentioning it several times as your gripe of your 50%

yes i agree you never said exact words of unemployment is 50% of your income. but you insinuate it by associating unemployment as your main concern of tax burden

i see many people do this all the time thinking that its the unemployed that are sucking money out of the system
(i personally do not take nor ever have taken unemployment) but when there are bigger budgets being wasted through tax grants and R&D of private businesses, i just find it silly that someone wants to bring up the unemployed as their tax burden

here is a quick lesson for you.
there will always be a tax, even if everyone was employed. even if there was a job for all disabled people. even if citizens voted in a bunch of politicians and those politicians voted in to privatise fire and police and got rid of all public sector roles. a government will still find something to tax you
in fact they would probably tax you more heavier.

i personally would prefer the tax money to go to the poor and needy. like a social security/insurance for times where we have bad luck and become unemployed due to no fault of our own. rather then see our taxes being wasted on new cars and posh lunches for politicians and their private corporate buddies.. but thats just me..
my main frustration of a topic like this is that mindset that the poor should be left to fend for themselves while the rich get richer.
we recently had the treasurer himself allow his own wife to tax evade by a couple billion pounds. and then had the audacity to then tell everyone that there were not a couple billion in the treasury spare to uplift the poverty line by just £20.. yep his own wifes tax if she paid it would have covered the uplift of milions of people. just one woman tax avoidance  amount.

Ha i laugh
yet there are hundreds of millions of users using central exchanges. and only 17k nodes

seems like the 'lack of congestion' is that people are using central exchanges as bank accounts more so than LN
to a tune of.. wait for it a 200,000+:17 factor (more then 200m vs 17k)

this is also backed up by the fact that the el salvador situation moved AWAY from LN in winter and is now using a central exchange as their bank account back bone of chivo customers balance (alphapoint)
but i guess people dont want to observe actual numbers and actual real life stuff playing out. they just want to find any fluff piece that sounds like it meets their utopia

first of all it seems you have fallen into the media trap of hating people that are not wealthy, lucky, skilled, fully abled.
seems you think people with disabilities, back luck, are nasty and undeserving.

also if you think your 50% tax goes to unemployed people then you have fallen for the media FUD yet again

here in the UK they generate 200billion in just income tax, (£500b-£700b all tax revenues combined)
do you know how much actually goes towards unemployment..

here is the math of basic unemployment allowance
~£75 a week = £3900 a year * 1.3m people =£5,070,000,000
ontop of that is housing allowance which is pretty much the same

so call it an average £10.14billion

yep £10billion out of £200billion of just income tax..
thats not even 6%.. no where near 50%

so if you are paying 50% tax(all different taxes from income to spending over a year including every tax like sales tax etc when you buy something)
that is not 50% going to the unemployed. that is just 2%

yep 2% of your wealth not 50%

what you have fallen into the trap of is called the cookie game
imagine there are 200 cookies and 100 people made them with their hard work

a tax man eats takes 100 cookies and gives 10 cookies to the military, many dozens to the private sector. a couple dozen to the public sector and then walks upto you and says.. you see them 2 poor people eating them 2 cookies.. they stole your cookie.
they try desperately to not tell you how many dozens went to the private sector.