Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

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.



> 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".


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.


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.




Consider applying for YC's Winter 2026 batch! Applications are open till Nov 10

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: