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Originally Posted by washoe
So 10 accounts own about half of all dogecoins. One account owns 25B worth of dogecoin. One account! Who the f keeps 25B in dogecoin? And why does he not get cold feet? And how do you cashout 25B? He cant just click cashout, can he? How the f is he cashing out? And what happens if he does?
This is like Satoshi. You have your core coins that are traceable to you, then you mine a crapload of the early ones (that are anonymous because of other miners). It's impossible to cash out the early ones without crashing the coin - that $25 billion is worth maybe $2 billion in reality - and people will hound you, so the best thing to do is sell billions of your anonymous coins. You get more for them than your $25 billion stash, because of the below:
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Right now its tanking, I know. But everything is tanking.
I havent deboarded the ship yet completely, mainly because of this freakin whale account
This is really bad logic imo. If you don't want to sell, fine, but the whale logic is just silly.