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> trying to unlock several million bitcoins from genesis The genesis block only holds 50 BTC in reward which due to a technicality cannot be spent. And as Yoda
by tromp 6y ago
> trying to unlock several million bitcoins from genesis
The genesis block only holds 50 BTC in reward which due to a technicality cannot be spent. And as Yoda might say, spend or spend not, there is no try. Either you know Satoshi's private key, or you don't. Faketoshi clearly doesn't.
Bitcoin's biggest utility at the moment is pure speculation.
- f430 6y agoWhich is why the false prophet from down under raised money to start that massive decrypting effort. I didn't even mention the other wallets he tried to unlock without success. Coincidence? When there are more than 4 or 5, you start thinking. I will agree that Bitcoin is just a large ponzi scheme which will collapse as soon as they can't find the next "speculator" to buy their coins at a high price. It's just hilarious seeing it play out over and over again with exactly the same result.
- moralsupply 6y ago> It's just hilarious seeing it play out over and over again with exactly the same result. You mean, the result that it keeps going up (with large drawdowns, but with exponential growth nevertheless)? If you're so sure Bitcoin will crash, short it on a futures market. You can make a lot of money with that insight if you're proven to be right.
- jcpham2 6y agoPutting your money where your mouth is both expensive in time and money. Talking is free. I stopped trying to explain bitcoin in 2012