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Is there any proof they hold $75mm in BTC? I didn't see any on the site. Why; I could have put this page up.
by ukd1 7y ago
Is there any proof they hold $75mm in BTC? I didn't see any on the site. Why; I could have put this page up.
- Forbo 7y agoThat's an excellent point. This could be an elaborate long-con watering hole attack.
- Deimorz 7y agoWhat would the attack be? Someone applies and they... now have their email address and business info, which is probably public or easily discovered anyway?
- sillysaurusx 7y agoI was going to agree with you that it seemed an unlikely attack vector. But... Craig Wright shows the lengths that people will go to for seemingly no reason other than status. Did Craig ever get anything? (Other than a whole lot of trouble.) I don't remember if people figured out what his original motive was. Ah, think of it like this: you behave much differently when you talk to someone you think has loads of money and might be interested in investing in your ideas. That means they're in a position to start making some very interesting connections that they otherwise wouldn't have access to. The VC model works via reputation. When you take away reputation, you're left with questions like "Should we spend time trying to convince this person to give us money? Will they want unreasonable terms? How long will the process take? What if they string us along but never actually sign a check (which is what happens most of the time anyway)?" All that said, this is wild speculation. But your comment was a neat prompt for speculation.
- michaelt 7y ago1. Say you’ve got an investment fund with $$$$ in assets 2. Suckers see that as social proof, and assume other investors have done their due diligence 3. They invest 4. The money disappears in suspicious circumstances.
- api 7y agoSounds like some recent failed unicorns that shall remain nameless.
- XnoiVeX 7y agoGood thinking. This smells fishy.
- clarkmoody 7y agoIt would be really cool to see a few signed messages tied to addresses with thousands of Bitcoin in them.
- MoronInAHurry 7y agoIt's also suspicious that the page's title says $100 Million, and the headline says $75 Million. A bunch of the meta tags also say "$100" (without any "million"). Proof seems necessary when they obviously changed how much money they were saying they had by $25 million.
- Forbo 7y agoThat much could easily be explained by when they were checking the valuation of BTC. Within the last month price has swung anywhere between ~$7,500 and ~$10,000.
- zozbot234 7y agoYes, it's a bit weird. OTOH, if real, this would be on the same order of magnitude as the Pineapple Fund bitcoin donations, which ultimately disbursed around $55M.