Honestly I don't know for sure if it is possible but I think there are a couple reasons it wouldn't work.
1- he would destroy the value in the BTC he holds
2- trying to corner a market like that is always a moving target. As you buy gold, silver or hash power or whatever the price increases at a rate that you can't keep up with.
This is of course assuming he was a bad actor but I don't think he is otherwise he wouldn't have invented it in the first place.
Lazy JM ranch
npub1p4…fnvnp
2024-03-16 19:10:03
in reply to nevent1q…8vhc
Author Public Key
npub1p4r3wutla9j8hu4fx6zpj6jfuhkm9k39r2pux5769qmln9362t8s0fnvnpPublished at
2024-03-16 19:10:03Event JSON
{
"id": "75dc266e2cab3315e2d5b43e81370700ceda1f5fe3f20dfd4755e5dab544aa94",
"pubkey": "0d4717717fe9647bf2a93684196a49e5edb2da251a83c353da2837f9963a52cf",
"created_at": 1710616203,
"kind": 1,
"tags": [
[
"e",
"c7dfa60ce846b9645fc21eef14dcadf6c7e12f86b3eb684b7bbde2cb77117c5e",
"",
"root"
],
[
"e",
"63536bce9f6757a0ac17e8b49778c0d14e2c328310dd4b3756b22c27794abd3b"
],
[
"e",
"a299c9041b046058ed86b057646d7213ddc11b263e109626deff4cdc0b56034d",
"",
"reply"
],
[
"p",
"b624f6d00150f62f69eb305d3339db2ff98d5ce777b89d2cfbe7569717494791"
],
[
"p",
"9bfa99b42aeefeabcaf640eb0c8cbc32426ba1300159e8a4425acff2ec2326eb"
],
[
"p",
"0d4717717fe9647bf2a93684196a49e5edb2da251a83c353da2837f9963a52cf"
]
],
"content": "Honestly I don't know for sure if it is possible but I think there are a couple reasons it wouldn't work.\n1- he would destroy the value in the BTC he holds\n2- trying to corner a market like that is always a moving target. As you buy gold, silver or hash power or whatever the price increases at a rate that you can't keep up with.\n\nThis is of course assuming he was a bad actor but I don't think he is otherwise he wouldn't have invented it in the first place.",
"sig": "84e34b041cae73ceccbafeacc32a495fd6466d92de0f6c561bc7952064cce143028c51a1f733eaba363a570ef324a129f6653bd14ff75186491d329333c63ab8"
}