Peter Todd has gone underground after an HBO documentary named him as the creator of Bitcoin, Satoshi Nakamoto, whose real identity has long remained a mystery.
You can’t torture the money away from most billionaires. Someone who has most of their wealth in Bitcoin theoretically could have that happen to them.
And after stealing the money, there’s not that much chance of getting caught, unlike if you just tried putting billions into your regular ass bank account.
Other billionaires also have security. The accused people who aren’t really Satoshi likely don’t have the means to properly protect themselves the same way.
Satoshi could liquidate 4.76% of all the bitcoins that will ever exist, that would wipe the crypto market and potentially bring the stock market along for a very bumpy ride, wipe a ton of money in pension funds and so on.
The fact that one person owns that much Bitcoin should worry anyone who is invested in it.
Yes but having billions in Bitcoin more closely resembles having billions in cash than billions in stocks / other assets which are harder to steal and get away with.
Ironically, that’s the kind of “issue” you need trustworthy banks for. The thing crypto was meant to replace. But none of the crypto exchanges that exist are trustworthy enough
But … there are other billionaires out there who are not going into hiding because they are billionaires.
You can’t torture the money away from most billionaires. Someone who has most of their wealth in Bitcoin theoretically could have that happen to them.
And after stealing the money, there’s not that much chance of getting caught, unlike if you just tried putting billions into your regular ass bank account.
Have you tried though?
I’d like to.
Other billionaires also have security. The accused people who aren’t really Satoshi likely don’t have the means to properly protect themselves the same way.
Satoshi could liquidate 4.76% of all the bitcoins that will ever exist, that would wipe the crypto market and potentially bring the stock market along for a very bumpy ride, wipe a ton of money in pension funds and so on.
The fact that one person owns that much Bitcoin should worry anyone who is invested in it.
Yes but having billions in Bitcoin more closely resembles having billions in cash than billions in stocks / other assets which are harder to steal and get away with.
Ironically, that’s the kind of “issue” you need trustworthy banks for. The thing crypto was meant to replace. But none of the crypto exchanges that exist are trustworthy enough
I still don’t understand why crypto exchanges exist is an unregulated, decentralized currency, wouldn’t an exchange remove part of those benefits?
yes!