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Comment by drawkbox

Eventually with quantum computing or other advancements, someone will break the encryption and potentially swipe the part of Satoshi's coin.

Bitcoin, and other crypto in general even more with higher concentration of early owners, will always be precarious because of this concentration. Whoever has control of the early issued coins, holds a leverage that is dangerous and has extortion properties.

Satoshi owns 5% of bitcoin. Other crypto coins are more concentrated and more problematic. This isn't like a large institutional investor in a public stock, this is a large percentage of all currency.

The rug pull was set from the beginning.

parent drawkbox 3 years ago

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