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Source was slashdot: http://bsd.slashdot.org/story/14/01/20/0348247 http://bsd.slashdot.org/story/14/01/20/0348247 A few people asking about the 'billionaire'

by mappu 13y ago

Source was slashdot: http://bsd.slashdot.org/story/14/01/20/0348247 http://bsd.slashdot.org/story/14/01/20/0348247 A few people asking about the 'billionaire' citation, he is the man behind http://mpex.co/ http://mpex.co/ , an options exchange (css, who needs it?) and he apparently has a net worth of over 700k BTC ( https://bitcointalk.org/index.php?topic=321265.msg3449849#msg3449849 https://bitcointalk.org/index.php?topic=321265.msg3449849#ms... )

thaumaturgy 13y ago
Hmm. This seems a bit premature. There's nothing yet on OpenBSD-Misc. And, even if this does go through -- not to look a gift horse in the mouth, but what OpenBSD was looking for was an ongoing, long-term commitment from someone, probably a business, to simply inherit the electric bill, and this would not be that. It's a little strange that a copy of some IRC logs are all that's needed now to make news.
- edwintorok 13y ago
  List of contributors seems to have been updated: http://www.openbsdfoundation.org/contributors.html http://www.openbsdfoundation.org/contributors.html
notastartup 13y ago
is it possible for him to withdraw all that at the market rate? Even if he withdrew regularly, wouldn't that cause him to affect the value of the bitcoins? I wonder if there's enough liquidity.
- repsilat 13y ago
  Nah, not really. "Real" worth would be thr integral of price from current holdings to zero, not the product of holdings and price. Unfortunately that would be impossible to model (depends on future information and on how he sold it), so we just go with the simple upper-bound we have.
  - rtpg 13y ago
    if there are enough bids out there, you could do everything more or less instantaneously. I doublt there are 700kBTC worth of bids out there, but probably $20k
dobbsbob 13y ago
His exchange mpex has that many coins he personally doesn't own that much. His often hilarious blog shits all over ycombinator too (for reasons I can't remember) which I find ironic now that there is a post about him here

by mappu 13y ago

thaumaturgy 13y ago

Hmm. This seems a bit premature. There's nothing yet on OpenBSD-Misc. And, even if this does go through -- not to look a gift horse in the mouth, but what OpenBSD was looking for was an ongoing, long-term commitment from someone, probably a business, to simply inherit the electric bill, and this would not be that. It's a little strange that a copy of some IRC logs are all that's needed now to make news.

edwintorok 13y ago
List of contributors seems to have been updated: http://www.openbsdfoundation.org/contributors.html http://www.openbsdfoundation.org/contributors.html

notastartup 13y ago

is it possible for him to withdraw all that at the market rate? Even if he withdrew regularly, wouldn't that cause him to affect the value of the bitcoins? I wonder if there's enough liquidity.

repsilat 13y ago
Nah, not really. "Real" worth would be thr integral of price from current holdings to zero, not the product of holdings and price. Unfortunately that would be impossible to model (depends on future information and on how he sold it), so we just go with the simple upper-bound we have.
- rtpg 13y ago
  if there are enough bids out there, you could do everything more or less instantaneously. I doublt there are 700kBTC worth of bids out there, but probably $20k

dobbsbob 13y ago

His exchange mpex has that many coins he personally doesn't own that much. His often hilarious blog shits all over ycombinator too (for reasons I can't remember) which I find ironic now that there is a post about him here