Altcoin News: Paxful CEO Proposes to Destroy Satoshi’s Bitcoins

August 21, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

Ray Youssef, the founder of the Paxful exchange service, has proposed a cardinal way to rid market participants of fears related to the possibility of selling Bitcoins located on the wallets of the cryptocurrency creator Satoshi Nakamoto.

“Let’s burn all of Satoshi’s 980,000 [bitcoins],” he recently wrote on Twitter.

Over the years of the existence of Bitcoin, the identity of the creator of the cryptocurrency has been associated with many figures in this space, and one of the next applicants has appeared recently. More often than not, behind such statements is nothing but the vested interests of individual groups. At the same time, the threat of selling a large amount of cryptocurrency may unnerve some market participants.

“[One] million less coins and we lay Satoshi to rest in Peace,” he added.

Youssef addressed his message to Roger Ver, the head of the Binance exchange, Changpen Zhao, and Coinbase CEO Brian Armstrong. None of them have yet answered the call, but other commentators are actively expressing indignation.

“So, the bitcoin creator doesn’t deserve this money? Whomever he may be or has been? What a totalitarian and egoistic idea,” replied a Bitcoin enthusiast called Argy Xafis. “It’s an idea as stupid as CZ’s idea to roll back the chain after the Binance hack,” tweeted Mihai Teodosiu, founder of Yakkie Apps.

Although Youssef’s proposal is technically feasible, it will require consensus among all participants in the ecosystem, which Paxful CEO, judging by the initial comments, will not succeed.

Interesting that all Youssef’s tweets are now deleted.

Author: Marko Vidrih