Here's an interesting theory:
What if the reason that the stolen funds went to a single address was so that a single transaction could reverse the thefts.
What if they wait 3 weeks and send that tra...
I’m thinking he could just write a fuck ton of inscriptions and spam using all stolen funds.
First he stole the plebs sats, then stole the bits on all plebs nodes by spamming discounted blockspace.
If all 1000+btc become permanent bits on the chain and all sats become coinbase outputs, there’s virtually no way any of the coins could be recovered. He can create irreversible damage to the network via permanent bits that we have to pay for. Worse, he gets a nice discount for using Segwit to do so.
It’s obvious those coins can never be circulated in the economy and spent “as money”, but he can realize the value by spending the sats as memory in the form of bits. He has rights to the bits everyone’s node. The fee market is dead…how many 4MB blocks could he write?
First he stole the plebs sats, then stole the bits on all plebs nodes by spamming discounted blockspace.
If all 1000+btc become permanent bits on the chain and all sats become coinbase outputs, there’s virtually no way any of the coins could be recovered. He can create irreversible damage to the network via permanent bits that we have to pay for. Worse, he gets a nice discount for using Segwit to do so.
It’s obvious those coins can never be circulated in the economy and spent “as money”, but he can realize the value by spending the sats as memory in the form of bits. He has rights to the bits everyone’s node. The fee market is dead…how many 4MB blocks could he write?
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