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this post was submitted on 09 Feb 2024
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Whoever Satoshi was, I wonder how he's responding to the thought that he's personally contributed more to global warming than the average billionaire.
Satoshi is estimated to have wallets totaling as much as 1.1 million btc. That would make them the 26th richest person in the world.
If, Satoshi and the wallets actually still exist. Most of those wallets have been completely idle since they were mined
I imagine that “Satoshi’s Wallet” is the stuff of legends among cryptographic security researchers.
The ONE PIECE is real /s
It's a bit more than just an estimate. If you want to know more, have a look here: https://bitslog.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/
The keys to the addresses exist. Whether someone is in control of them is unclear. It can't be proven that they've been lost.
Ok I was kind of dumbing it down when I said “if the wallet exists”, but yeah, obviously a wallet and key “exist”, but whether or not anyone actually has them is unknown.
Really sucks for Satoshi, too. If the keys are still in someone’s position, they can’t use it, because people are watching those wallets like hawks and if they move, that means there’s a new billionaire. For a brief moment. Until Bitcoin takes a massive nosedive from which it’ll never recover.
That must be some special kind of hell. To be an actual billionaire (and truly of their own making, which is even more rare) but not able to spend a cent of it. Spending it instantly reduces its value and likely kills the very thing that created it. Man, that’s like a Monkeys Paw billionaire.
Probably not thinking about it on his yacht that he doesn’t pilot or maintain, having built the most successful grifter scheme of all time
I feel like calling bitcoin a grifter scheme is kind of like calling fiat currency (edit: in general) a grifter scheme. Which I guess isn't entirely untrue...
Oh not this again.
Crypto is also fiat. It's backed by nothing except the trust that it exists, therefore it's fiat.
That's my point. Sorry, I should have said "fiat in general".
no, the US dollar is backed by the fact that you can use it to pay your taxes to the US government, and interact with the US government in general, quite literally backed by more than crypto.
and I hate to break it to you, but all currency, ever, is fiat.
all that gold standard stuff? you just abstracted the fiat nature from the money to the metal, there was never any actual basis for the value of gold outside its value, and there are plenty of more sparse metals that people don't value as highly
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