this post was submitted on 24 Aug 2026
174 points (95.8% liked)

Piracy: ꜱᴀɪʟ ᴛʜᴇ ʜɪɢʜ ꜱᴇᴀꜱ

70277 readers
1240 users here now

⚓ Dedicated to the discussion of digital piracy, including ethical problems and legal advancements.

Rules • Full Version

1. Posts must be related to the discussion of digital piracy

2. Don't request invites, trade, sell, or self-promote

3. Don't request or link to specific pirated titles, including DMs

4. Don't submit low-quality posts, be entitled, or harass others



Loot, Pillage, & Plunder

We heartily recommend visiting the free port of freemediaheckyeah (aka FMHY) while you sail the high seas, for all the freshest links the ocean has to offer.

📜 c/Piracy Wiki (Community Edition):

🏴‍☠️ Other communities

FUCK ADOBE!

Torrenting/P2P:

Gaming:


💰 Please help cover server costs.

Ko-Fi Liberapay
Ko-fi Liberapay

founded 3 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] MNByChoice@midwest.social 9 points 1 day ago (1 children)

Given that, wouldn't the next play to be to have a set of accounts each with a "reasonable" number of coins each? Then as confidence builds in the coin, these smaller positions can liquidate over time.

[–] kate@lemmy.uhhoh.com 4 points 23 hours ago (1 children)

it’s a public ledger and so it would still be known which wallets received the initial coins; but also, you can’t know how many is reasonable without knowing what the price per coin will end up at

[–] MNByChoice@midwest.social 1 points 3 hours ago

Right.

1 - Initial coins received by developer.
2 - Developer starts wallets #2 through #10 that obtain the coin. Coins are nearly free and only cost processing power.
3 - Others obtain coins.
4 - Developer destroys developer coins.
5 - Confidence is coin grows.
6 - Wallets #2 through #10 make trades with each other. Maybe one goes silent after a bit.
7 - At each new high, or something, a few of the wallets sell some coins.
8 - Repeat over next 20 years.