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Cyberleek Burned 270 Milion dev coins (lemmy.nz)

submitted 2 days ago by oldmanalex@sh.itjust.works to c/piracy@lemmy.dbzer0.com

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[-] Appoxo@lemmy.dbzer0.com -3 points 10 hours ago* (last edited 9 hours ago)

At the point of burning, it was 1 mil worth, no?

[-] echodot@feddit.uk 5 points 7 hours ago* (last edited 7 hours ago)

It's worth 1 million if you can find someone prepared to give you one million dollars for it. If you can't find someone to give you one million dollars for it then it isn't worth 1 million.

The whole reason that currency is worth the amount that we say it is is because everyone accepts that it is a currency and and that it can be used for goods and services. A random cryptocurrencies produced by an individual who may or may not have GTA 6 game files don't have that consensus.

[-] Appoxo@lemmy.dbzer0.com 2 points 45 minutes ago

Same as gold and any other commodity xD

Basically how trading works.

[-] sukhmel@programming.dev 1 points 19 minutes ago

In general, yes

In this case it's more like if everyone is selling eggs $1/egg, but the tag shows the price based on the last transaction, so when someone buys an egg for $10 you suddenly increase everyone's worth ten times. If they start selling the price may collaps faster than they can sell

[-] 0x0@infosec.pub 3 points 7 hours ago* (last edited 7 hours ago)

...

Ever heard of a fool and his money?

this post was submitted on 24 Aug 2026

202 points (94.3% liked)

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