4 ms·

Interesting, I didn’t see this but I heard about bitcoin in 2009, and bought my bitcoins in 2010 and 2011 just for the fun of it, worth every bit as I still hol

Interesting, I didn’t see this but I heard about bitcoin in 2009, and bought my bitcoins in 2010 and 2011 just for the fun of it, worth every bit as I still hold them.

jjackson5324 3y ago
Do you view it as a security hazard to talk about this publicly (or tied to your username)? I presume that bitcoin is now worth millions of dollars (at the very least)?
- tamimio 3y ago
  That’s a valid point, but I wouldn’t call it a hazard since not much information is available (as your second question implies). It’s similar to seeing someone with a luxury car on the road, except that one is physically accessible and the other is not.
- dotBen 3y ago
  No because whether he owns a bitcoin at $30 or at $30k a bitcoin is a bitcoin and at this point every wallet is indexed, tracked and any wallet with significant value (regardless of cost basis) is being mined for potential vulnerabilities.
  - ziddoap 3y ago
    >at this point every wallet is indexed, tracked and any wallet with significant value (regardless of cost basis) is being mined for potential vulnerabilities. The point being made is that once a wallet is connected to a real identity (as opposed to just knowing that wallet X has Y amount of BTC), the attack surface for that wallet is increased by magnitudes and entire vectors of attack are opened up (e.g. phishing).
- Uptrenda 3y ago
  kinda true. A lot of users were targeted by outing themselves as having crypto wealth.
- thom 3y ago
  There are, I would guess, hundreds of people on HN who are millionaires and happily lead public lives without fear of being hit by $5 wrenches until they give up their passwords.
  - epolanski 3y ago
    I know a guy who stopped saying how many Bitcoins he had after he mined few thousands (by then Bitcoin was skyrocketing to single digit dollar values!) I know he kept mining for years. I know for a fact he only sold 2 of those since then. Now here's the interesting fact: he wasn't early into Bitcoin because of the technology, but because he was a full blown lunatic crypto anarchist. The guy literally works at some low paying job and has a normal life and lives dreaming about a world where Bitcoin's a common way to trade goods. Seriously, he's easily worth hundreds of millions since years and he lives like a normal dude and spends his time just blogging and being a bitcoin evangelist.
    - ziddoap 3y ago
      >Seriously, he's easily worth hundreds of millions since years and he lives like a normal dude and spends his time just blogging and being a bitcoin evangelist. Maybe I'm just reading it this way, but it seems like you are implying that this is a negative and I'm really not sure why a millionaire living like a normal dude could possibly be considered negative.
      - epolanski 3y ago
        You're right. I actually like him for that. What I inherently dislike is anarcho-capitalism of which he's a huge supporter.
        npoc 3y ago
        What's wrong with anarcho-capitalism?
EternalUsenet 3y ago
[flagged]
- mingw__ 3y ago
  what a weird demand to make
  - kobalsky 3y ago
    to be fair, the comment they were responding to is just some weird flex without substance, fishing for attention. a good thing about being a bitcoin millionaire is that you can prove it while remaining anonymous, in like three clicks
- pests 3y ago
  Who cares?
  - EternalUsenet 3y ago
    I do, because people online tend to flex about things that seem like really tall tales. Someone who held on this long is exceptionally rare in the first place, and I like when someone makes a claim, they back it up with evidence.
    - lcnPylGDnU4H9OF 3y ago
      Even if they were lying and have now been outed as lying, who cares? I could see a point if they somehow used this claim to enrich themselves at the cost of others but I don't anything of the sort happening here. The only enrichment is the internet points they can get from a popular comment.
    - deleted 3y ago
      [deleted]
SirLJ 3y ago
I heard about it when it was about $30 and it looked expensive to me back then and even if I bought some, I wold have sold them long time ago at 2,3,5x as I much prefer the stock market (and even real estate) for investing...
- dvirsky 3y ago
  Same here, I actually started to buy some at $30 for the heck of it, but the process to buy then was so involved that I gave up and wanted to get back to it later, and never did.
- tamimio 3y ago
  I held on to them for so long because my old laptop’s motherboard died and I had the wallet there. I forgot about them till around 2014, when I looked for them and surprisingly managed to extract them from the hard disk as everything was dead in that laptop not just the motherboard. Then I secured them and forgot about them again until Covid time, when they skyrocketed in value. So I don’t deserve all the credit for holding them, but rather my poor laptop and memory.
  - jbverschoor 3y ago
    Inaction regularly is the best move
    - lifestyleguru 3y ago
      Buying bitcoin in 2010 absolutely wasn't inaction, it was a painful process. The problem is identifying when not to do anything. Tell me one thing to do once in 2024 and then forget about it until 2038. Subscription to an AI service? Nah...
- xanderlewis 3y ago
  I bought £5 worth in 2017 or so and (after remembering I even had them) sold for ~£20 a few years later. 4x! Yay! …shame I didn’t invest my entire life’s savings.

Interesting, I didn’t see this but I heard about bitcoin in 2009, and bought my bitcoins in 2010 and 2011 just for the fun of it, worth every bit as I still hold them.

jjackson5324 3y ago

Do you view it as a security hazard to talk about this publicly (or tied to your username)? I presume that bitcoin is now worth millions of dollars (at the very least)?

tamimio 3y ago
That’s a valid point, but I wouldn’t call it a hazard since not much information is available (as your second question implies). It’s similar to seeing someone with a luxury car on the road, except that one is physically accessible and the other is not.
dotBen 3y ago
No because whether he owns a bitcoin at $30 or at $30k a bitcoin is a bitcoin and at this point every wallet is indexed, tracked and any wallet with significant value (regardless of cost basis) is being mined for potential vulnerabilities.
- ziddoap 3y ago
  >at this point every wallet is indexed, tracked and any wallet with significant value (regardless of cost basis) is being mined for potential vulnerabilities. The point being made is that once a wallet is connected to a real identity (as opposed to just knowing that wallet X has Y amount of BTC), the attack surface for that wallet is increased by magnitudes and entire vectors of attack are opened up (e.g. phishing).
Uptrenda 3y ago
kinda true. A lot of users were targeted by outing themselves as having crypto wealth.
thom 3y ago
There are, I would guess, hundreds of people on HN who are millionaires and happily lead public lives without fear of being hit by $5 wrenches until they give up their passwords.
- epolanski 3y ago
  I know a guy who stopped saying how many Bitcoins he had after he mined few thousands (by then Bitcoin was skyrocketing to single digit dollar values!) I know he kept mining for years. I know for a fact he only sold 2 of those since then. Now here's the interesting fact: he wasn't early into Bitcoin because of the technology, but because he was a full blown lunatic crypto anarchist. The guy literally works at some low paying job and has a normal life and lives dreaming about a world where Bitcoin's a common way to trade goods. Seriously, he's easily worth hundreds of millions since years and he lives like a normal dude and spends his time just blogging and being a bitcoin evangelist.
  - ziddoap 3y ago
    >Seriously, he's easily worth hundreds of millions since years and he lives like a normal dude and spends his time just blogging and being a bitcoin evangelist. Maybe I'm just reading it this way, but it seems like you are implying that this is a negative and I'm really not sure why a millionaire living like a normal dude could possibly be considered negative.
    - epolanski 3y ago
      You're right. I actually like him for that. What I inherently dislike is anarcho-capitalism of which he's a huge supporter.
      - npoc 3y ago
        What's wrong with anarcho-capitalism?

EternalUsenet 3y ago

[flagged]

mingw__ 3y ago
what a weird demand to make
- kobalsky 3y ago
  to be fair, the comment they were responding to is just some weird flex without substance, fishing for attention. a good thing about being a bitcoin millionaire is that you can prove it while remaining anonymous, in like three clicks
pests 3y ago
Who cares?
- EternalUsenet 3y ago
  I do, because people online tend to flex about things that seem like really tall tales. Someone who held on this long is exceptionally rare in the first place, and I like when someone makes a claim, they back it up with evidence.
  - lcnPylGDnU4H9OF 3y ago
    Even if they were lying and have now been outed as lying, who cares? I could see a point if they somehow used this claim to enrich themselves at the cost of others but I don't anything of the sort happening here. The only enrichment is the internet points they can get from a popular comment.
  - deleted 3y ago
    [deleted]

SirLJ 3y ago

I heard about it when it was about $30 and it looked expensive to me back then and even if I bought some, I wold have sold them long time ago at 2,3,5x as I much prefer the stock market (and even real estate) for investing...

dvirsky 3y ago
Same here, I actually started to buy some at $30 for the heck of it, but the process to buy then was so involved that I gave up and wanted to get back to it later, and never did.
tamimio 3y ago
I held on to them for so long because my old laptop’s motherboard died and I had the wallet there. I forgot about them till around 2014, when I looked for them and surprisingly managed to extract them from the hard disk as everything was dead in that laptop not just the motherboard. Then I secured them and forgot about them again until Covid time, when they skyrocketed in value. So I don’t deserve all the credit for holding them, but rather my poor laptop and memory.
- jbverschoor 3y ago
  Inaction regularly is the best move
  - lifestyleguru 3y ago
    Buying bitcoin in 2010 absolutely wasn't inaction, it was a painful process. The problem is identifying when not to do anything. Tell me one thing to do once in 2024 and then forget about it until 2038. Subscription to an AI service? Nah...
xanderlewis 3y ago
I bought £5 worth in 2017 or so and (after remembering I even had them) sold for ~£20 a few years later. 4x! Yay! …shame I didn’t invest my entire life’s savings.