Oh look, new money was old money all along.
Guess even they are cashing out.
this post was submitted on 05 Jul 2025
148 points (100.0% liked)
Technology
3390 readers
593 users here now
Which posts fit here?
Anything that is at least tangentially connected to the technology, social media platforms, informational technologies and tech policy.
Post guidelines
[Opinion] prefix
Opinion (op-ed) articles must use [Opinion] prefix before the title.
Rules
1. English only
Title and associated content has to be in English.
2. Use original link
Post URL should be the original link to the article (even if paywalled) and archived copies left in the body. It allows avoiding duplicate posts when cross-posting.
3. Respectful communication
All communication has to be respectful of differing opinions, viewpoints, and experiences.
4. Inclusivity
Everyone is welcome here regardless of age, body size, visible or invisible disability, ethnicity, sex characteristics, gender identity and expression, education, socio-economic status, nationality, personal appearance, race, caste, color, religion, or sexual identity and orientation.
5. Ad hominem attacks
Any kind of personal attacks are expressly forbidden. If you can't argue your position without attacking a person's character, you already lost the argument.
6. Off-topic tangents
Stay on topic. Keep it relevant.
7. Instance rules may apply
If something is not covered by community rules, but are against lemmy.zip instance rules, they will be enforced.
Companion communities
[email protected]
[email protected]
Icon attribution | Banner attribution
If someone is interested in moderating this community, message @[email protected].
founded 2 years ago
MODERATORS
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)
This guy had fuck you money already. Probably a multimillionaire at a minimum back then.
Probably lost the wallet and forgot about it, and found the USB drive while moving furniture.
Was extremely easy to mine them then, I did on my shitty desktop
Sure it was easy to mine, but it was also worthless.
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.
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
Source…? I feel like this needs sources.
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
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.
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?
how do you think spies got money before bitcoin first launched…?
Money Laundering Techniques
Guess what crypto is
You’re so close dude.
I'm playing chess with a pigeon. Strut around buddy, eat some corn.
When your response is so obviously canned (and arguably forced) it really takes a lot of the sting out of it lol
You dropped a feather
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.
Fly back to your flock, chicken
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.
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.
Source: his ass
Tin foil trust me bro
OP doesn't know purchase cost. Wallet deposit on that date doesn't mean it was purchased 1 hour before.
Inb4 it's confirmed to've been funneled into neo-nazi orgs... 😅
Or Russia or something. But same difference I guess.
That's only two of them, yep.
"worth"
That's literally the exact amount of USD you can exchange it for, so it is literally worth exactly that amount
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...
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......
That's nonsense because then you're just saying the word "worth" doesn't mean anything when it comes to anything besides unique items
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.
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.