1.7 million Bitcoin represents possibly about 1 week of global trading volumes. Even assuming it is 1-2 months of trading volumes, the market can absorb.
Trying to manage the Bitcoin price via spending restrictions is a terrible idea.
In any case, the Bitcoin price routinely drops by upwards of 85%. It is not a security concern. Price volatility is not a security.
On Tuesday, April 29, 2025 at 5:08:16 PM UTC-6 Hunter Beast wrote:
This is a proposal to mitigate against potential mass liquidation of P2PK funds. The specification is pretty simple, but the motivation and justification for it is a bit longer.