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that prediction is bogus. they were OG, yes, but it's highly improbable they were able to hold on to all those bitcoins. 2009-2011 was a time when people threw
by keymone 5y ago
that prediction is bogus. they were OG, yes, but it's highly improbable they were able to hold on to all those bitcoins. 2009-2011 was a time when people threw literally hundreds to thousands bitcoins for dumb things like socks and pizzas. and those are real world assets - it was much easier to spend BTC for virtual assets like hosting or vpn or gambling.
no doubt the guy was beyond rich, but i'm almost certain they didn't hold 5% of BTC.
> I doubt they had a survivorship and secession plan for their bitcoins
and why would you doubt it? when somebody becomes billionaire, paying financial management companies and lawyers is pocket change.
- vmception 5y agoBecause Mirceau made their trust issues with institutions to be pretty clear I think he was aware of technological solutions native to Bitcoin, but I just dont think he would have put them in place unless he was terminally ill and had some lead time to do it. This has nothing to do with being a billionaire and is distinct from drowning on vacation as an in shape 41 year old He’s had an objectively gargantuan sum of money for a very long time, everything you said is true for single digit millionaires too Or a thousandaire in Romania
- keymone 5y agobecoming a billionaire most likely changes your perspective a lot. and he became billionaire 7 years ago. that's plenty of time to think of how to preserve bitcoins such that they aren't lost when one passes away. and since you say he was technical - well there are tehnical solutions to do that, multisigs, sharded keys, etc.