technology

23293 readers

39 users here now

On the road to fully automated luxury gay space communism.

Spreading Linux propaganda since 2020

Rules:

1. Obviously abide by the sitewide code of conduct. Bigotry will be met with an immediate ban
2. This community is about technology. Offtopic is permitted as long as it is kept in the comment sections
3. Although this is not /c/libre, FOSS related posting is tolerated, and even welcome in the case of effort posts
4. We believe technology should be liberating. As such, avoid promoting proprietary and/or bourgeois technology
5. Explanatory posts to correct the potential mistakes a comrade made in a post of their own are allowed, as long as they remain respectful
6. No crypto (Bitcoin, NFT, etc.) speculation, unless it is purely informative and not too cringe
7. Absolutely no tech bro shit. If you have a good opinion of Silicon Valley billionaires please manifest yourself so we can ban you.

founded 4 years ago

MODERATORS

[email protected]

San Francisco man has 2 password guesses left to access $220 million in Bitcoin (www.pressdemocrat.com)

submitted 3 years ago by [email protected] to c/[email protected]

10 comments fedilink hide all child comments

lmao I hope he gets desperate the next time bitcoin spikes & pays some cryptology firm to 'crack' it and they wipe it by accident.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 3 years ago* (last edited 3 years ago) (1 children)

In 2011, when he was living in Switzerland, he was given the 7,002 bitcoins by an early Bitcoin fanatic as a reward for making an animated video, “What is Bitcoin?,” which introduced many people to the technology.

That year, he lost the digital keys to the wallet holding the Bitcoin. Since then, as Bitcoin’s value has soared and fallen and he could not get his hands on the money, Thomas has soured on the idea that people should be their own bank and hold their own money.

“This whole idea of being your own bank — let me put it this way: Do you make your own shoes?” Thomas said. “The reason we have banks is that we don’t want to deal with all those things that banks do.”

Guy seems pretty down to earth. He didn't do any trading for those bitcoins, he was given them as payment for labor.

For reference, 7,002 BTC in 2011 was anywhere from $3500-$7000 depending on what month he was paid.

Also "reward for making an animated video" is a weird way of saying "payment for labor". Guess wages are going to start being considered rewards now...

[–] [email protected] 1 points 3 years ago (1 children)

I don't really get why people here are antagonizing this person, even if it wasn't payment and he traded for it. I get that most people that are into bitcoin are libertarian weirdos, but if you bought into it and made a lot of money that's not really unethical, at least it's not any more unethical than investing in the stock market which is actually propped up by systemic reaproppriation of surplus value.

[–] [email protected] 1 points 3 years ago

The dude even says "fuck bitcoin" in the article...