this post was submitted on 05 Jul 2025
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HODL to the max.

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[–] [email protected] 6 points 5 hours ago

Oh look, new money was old money all along.

Guess even they are cashing out.

[–] [email protected] 57 points 1 day ago* (last edited 1 day ago) (6 children)

Honestly spending $210 000 on crypto in 2011 was a ridiculously risky move. No way the guy knew what he was doing, just tremendous luck (and just as much fucking stupidity)

[–] [email protected] 39 points 1 day ago

This guy had fuck you money already. Probably a multimillionaire at a minimum back then.

[–] [email protected] 27 points 1 day ago

Probably lost the wallet and forgot about it, and found the USB drive while moving furniture.

[–] [email protected] 17 points 1 day ago (1 children)

Was extremely easy to mine them then, I did on my shitty desktop

[–] [email protected] 8 points 13 hours ago

Sure it was easy to mine, but it was also worthless.

[–] [email protected] 13 points 1 day ago

Thats the story behind most extreme wealth, random luck.

We just dont here much of most who didn't have radom luck. e.g imagine a guy buying a lottery ticket, and he wins a $200million, we'd here the story, we don't see interviews with people who bought a ticket and then lost.

[–] [email protected] 7 points 1 day ago* (last edited 1 day ago) (1 children)

He was probably a foreign agent or government. BTC was invented and supported so spies could move money across borders without being caught by official government bodies/banks. Esp since a lot of spies do things like illegal drug trafficking, gun trafficking, human trafficking, etc. That's why BTC was so popular on 4chan early on -4chan recently was hacked ~~and it was confirmed there were government emails registered on the site.~~ this last part is not true, it has been debunked, I still think that is why 4chan had BTC ads from users constantly so early though.

There's also slave groups of people forced to scam for crypto, NPR did a story about it on Planet Money. It's entirely possible they are imprisoned or those are otherwise spy lead networks

[–] [email protected] 7 points 1 day ago (3 children)

Source…? I feel like this needs sources.

[–] [email protected] 5 points 1 day ago* (last edited 1 day ago) (1 children)

Planet Money: https://www.npr.org/2025/05/23/1253043749/pig-butchering-scam-crypto-tether

This article talks about how the CIA in crypto: https://www.vice.com/en/article/the-cia-is-deep-into-cryptocurrency-director-reveals/

This article outlines the general whispers that have been happening for a very long time that Satoshi (btc creator) was CIA, but no, it isn't made up by me personally and it's pretty credible of a theory with all the other info: https://www.binance.com/en/square/post/1229087

[–] [email protected] 5 points 18 hours ago* (last edited 18 hours ago) (1 children)

The planet money piece is very long so I’ll have to check it out later, but the Vice article says nothing of the sort and actually spends time mocking people and saying it’s a conspiracy. So I’m not really sure how that at all supports what you’re saying. It just says CIA is interested in and involved in crypto, which makes sense given how it’s used. It does not say anything at all like what you claimed

BTC was invented and supported so spies could move money across borders without being caught by official government bodies/banks.

[–] [email protected] 3 points 13 hours ago (1 children)

No, the Vice article fully supports what I'm saying for that point. Look who is quoted:

CIA Director William Burns said on Monday that the intelligence agency has “a number of different projects focused on cryptocurrency” on the go.

“This is something I inherited. My predecessor had started this, but had set in motion a number of different projects focused on cryptocurrency and trying to look at second- and third-order consequences as well and helping with our colleagues in other parts of the U.S. government to provide solid intelligence on what we’re seeing as well.”

As I stated, the CIA is fully involved in crypto. The other article is the one that explains why people think Satoshi is CIA.

How do you think spies get money?

[–] [email protected] 4 points 12 hours ago (2 children)

how do you think spies got money before bitcoin first launched…?

[–] [email protected] 3 points 11 hours ago (1 children)

Money Laundering Techniques

Guess what crypto is

[–] [email protected] 3 points 11 hours ago (1 children)
[–] [email protected] 1 points 10 hours ago (1 children)

I'm playing chess with a pigeon. Strut around buddy, eat some corn.

[–] [email protected] 1 points 9 hours ago (1 children)

When your response is so obviously canned (and arguably forced) it really takes a lot of the sting out of it lol

[–] [email protected] 1 points 8 hours ago (1 children)
[–] [email protected] 1 points 6 hours ago* (last edited 6 hours ago) (1 children)

Mine was better

Feel free to have the last word, I’m sure it’s very important to you. Either way I won’t be reading or responding to it.

[–] [email protected] 1 points 6 hours ago

Fly back to your flock, chicken

[–] [email protected] 3 points 11 hours ago (1 children)

In cash, but it was always risky. Couriers get intercepted, etc.

That said, I don't think BTC is the best for CIA. It's publicly traceable and that's always been known. Of course if they have untraceable bank accounts and used those to buy the BTC, then it's not particularly relevant. The spies can use their own tactics to hide their income.

[–] [email protected] 3 points 10 hours ago* (last edited 3 hours ago)

Spies are buying vehicles, drugs, guns. They can't carry that much cash today and large amounts must be declared at customs and can be seized via asset forfeiture laws and the person investigated as a spy. The entire point is to not be detected by the government or banks.

So no, not cash so much these days.

You can easily make new accounts and scramble crypto accounts and funds.

BTC is good for spies bc it has low volatility and can blend in with normal citizens who trade it bc it is so well known. They don't need a bank account in the country they are spying in for it, they just transfer the BTC instead of giving cash. That's the point, no bank account.

The spies can use their own tactics to hide their income.

That's literally what's being discussed lol, those specific tactics.

[–] [email protected] 8 points 1 day ago

Source: his ass

[–] [email protected] 7 points 1 day ago

Tin foil trust me bro

[–] [email protected] 5 points 1 day ago

OP doesn't know purchase cost. Wallet deposit on that date doesn't mean it was purchased 1 hour before.

[–] [email protected] 29 points 1 day ago (1 children)

Inb4 it's confirmed to've been funneled into neo-nazi orgs... 😅

[–] [email protected] 12 points 1 day ago (1 children)

Or Russia or something. But same difference I guess.

[–] [email protected] 6 points 1 day ago

That's only two of them, yep.

[–] [email protected] 9 points 1 day ago (1 children)
[–] [email protected] 17 points 1 day ago (1 children)

That's literally the exact amount of USD you can exchange it for, so it is literally worth exactly that amount

[–] [email protected] 13 points 1 day ago (2 children)

Sell 8 billion dollars worth of anything, and you're gonna have a hell of a lot less than 8 billion dollars.

Because you'll flood the market, at that volume a potentially irreversible drop in price.

It's basic economics, but you are defending crypto...

[–] [email protected] 8 points 13 hours ago* (last edited 13 hours ago)

I don't get the point. Now, we cannot use the word "worth" anymore to describe anything that could hypothetically move the market down by a few percent when sold? With the usual ups and downs of Bitcoin, we will probably barely see it in the graphs...

It's 0.4% of the market cap. It's not like Satoshi with his 10% of the market cap came back......

[–] [email protected] 5 points 1 day ago (1 children)

That's nonsense because then you're just saying the word "worth" doesn't mean anything when it comes to anything besides unique items

[–] [email protected] 1 points 11 hours ago (1 children)

no it just fails when you amass enough of something to affect its scarcity.

if we discovered the moon was made of solid gold the moon wouldn't be worth the current gold spot price times it's weight, instead gold would become worth much less.

[–] [email protected] 1 points 5 hours ago

You've missed the point. The point is that whatever you say about the word "worth" when it comes to bitcoin, then that same distinction would apply when you use the word to talk about USD too, and euros, and oil, and every other currency and commodity.