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

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[–] 1 point 5 years ago (3 children)

It's estimated that ~20% of bitcoins are lost forever- worth around $140 billion at the current exchange rate. It's a brilliant lesson on artificially induced scarcity and its effect on market prices. I'm just blown away the more I think about it. Some anonymous programmer decided to code digital money that is inherently deflationary solely on the basis of the algorithm that it's built on- and the whole world decided these tokens have value! One of these days, we're gonna see this spill out into real world wars.

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  • [–] 0 points 5 years ago* (last edited 5 years ago) (2 children)

    He didn't even code it. Dude just wrote a fucking white paper bad got a bunch of other people to help with the work

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  • [–] 1 point 5 years ago (1 child)

    Yeah, and that makes it even more astounding. He published a paper about a theoretical currency and got thousands of computer scientists to dedicate their lives to it. Not even Jesus could attract such devoted followers.

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