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Why would he sell real bitcoins for fake fiat? This is Satoshi we're talking about, not your average joe. To him, USD is riskier than BTC.
by NkVczPkybiXICG 14y ago
Why would he sell real bitcoins for fake fiat? This is Satoshi we're talking about, not your average joe.
To him, USD is riskier than BTC.
- danpat 14y agoTrue, to a degree, but day-to-day living still requires normal currency. Cash out $1M USD and you'd be comfortable to do whatever you liked for quite some time, while still keeping 99% of his coins.
- jacquesm 14y agoI think there may have been an element of sarcasm in the GP.
- saalweachter 14y agoAlternatively, sell half your remaining BTC every time they double in value relative to the USD. Infinite money!
- waterlesscloud 14y agoSomeone cashed out $1 million overnight. Dundundun!
- jcoder 14y ago> This is Satoshi we're talking about I'm used to cult of personality on HN, but cult of anonymity is a novel thing! Who is Satoshi, and why do you put so much trust in them? What if I told you that "Satoshi" was brilliant quant working on Wall St., who came up with a scheme to invent an asset, give it incredible unreasonable value, then cash out for that value in USD, all while spinning a clever narrative about decentralized cryptocurrency for a new world?
- robryan 14y agoIf that were true it would be even more impressive.
- Andrew_Quentin 14y agoYes. I suppose we could try a game of making Satoshi look bad. Anything except for sex and murder, go...
- mh- 14y agothat's some powerful delusion.