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191 points aorloff | 1 comments | | HN request time: 0.203s | source
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ksynwa ◴[] No.44473078[source]
Someone who is involved in crptocurrency explain this to me. If I was this person, could I just sell these bitcoins today and get something like $2B in cash? Or is it more complicated than that?
replies(2): >>44473167 #>>44473370 #
1. bookerjt ◴[] No.44473370[source]
Think about it: for you to collect your $2b someone has to be willing to give it to you and believe they will get it back in the future by buying your bitcoin. Who would do that?

Then you just magically deposit $2b into your bank account? Riiiight. That’ll set off epic levels of warning lights and in the US the feds would be up your ass instantly.

I bet it’s a freaking nightmare to sell off that much btc.