The guy who holds the most bitcoin in the world (worth $90 billion) killed himself in 2011 and his wallet remains...

The guy who holds the most bitcoin in the world (worth $90 billion) killed himself in 2011 and his wallet remains sealed.
Kinda crazy to think about.

He looks exactly how i imagine the creator of Bitcoin to look like.

found hanging in the closet

autoerotic asphyxiation incident?

nvm, he bought at the peak when it was $23, and killed himself after it dropped 40% to $14
RIP

No, Len Sassaman suffered from severe depression for years before he finally offed himself. Personally, I suspect being forced out of Bitcoin was what put him over the edge; he was trying to control the direction and the other "core devs" were rejecting his suggestions and telling him he was wrong.

he should have hard forked

Kind of crazy to remember there are dozens and dozens of meaningful amounts of Bitcoin being lost and once you dip down you realize many many millions have probably been lost by retards who mined that shit for a few months, had a couple hundred and their computer crashed. Look at the value of Bitcoin from 2009-2011 and how much was mined then for an idea

Sorry, *dozens and dozens of super publicized stories of Bitcoin losses of enormous amounts and a little hunting shows tons of smaller ones

Most mined bitcoin is lost.
And yet at any time the holders can just steal it back.

Yeah, I think that a massive amount has been lost like over 5 million.

What is gonna happen when 99% of bitcoins is lost? Are people gonna still trade with it?

I have around 100 BTC locked in my fucking wallet that I set up 15 years ago. The private key was printed out on a piece of paper that my dad threw out when I was in the US for 3 years.

Imagine pretending you don't know who actual Satoshi is.

that's not satoshi
not him either

Len Sassaman

I thought Satoshi was an actual Japanese man.

why is that crazy?

*had my bro rip in peace

It's essentially infinitely divisible so even if there's only 1 btc in circulation we would talking about owning 5 sats the same way we talk about owning a btc now.

killed himself

by secret government good squads, sure

just keep changing the base unit of account bro

21 mil limit is meaningless

fixed supply is meaningless

Scarcity is a law of nature, commie

remember the guy who drowned at the beach?

killed himself in 2011

Yeah, himself....
Okay

Back then, although he had recognized the possibility of hard forks -- I think he even mentioned them in the White Paper, how different versions could compete and the loser would die off -- splitting into multiple derivatives probably would have killed BTC entirely, especially when it was known that there was a pseudonymous founder who was in dispute with the other developers. This was early 2011, before even Litecoin existed (October 2011). Len killed himself in July 2011, and IIRC it was about three to six months after he was forced out.

No one really truly knows, but timezone analysis suggested the founder was someone in the U.S., and Len loved to sprinkle Britishisms into his speech and writing just like "Satoshi Nakamoto" did.

Not that large (provably so).

I've lost 1BTC due to a hard drive crash and an exchange failure. Sucks, but I think I paid around $500 for the various UTXO chunks in it.

IMO there should be a mechanism to recover lost Bitcoins. If a wallet isn't moved for 200 years or something it should go to the miners.

You realize BTC being lost and locked away is a GOOD thing for the rest of us. Since there will only ever be a set amount, the value of the remaining BTC in circulation goes up. It's a deflationary asset.

No you fool. The more that's sealed away, the more value the rest of ours gains.

just brute force the password

He looks he could be my blood relative, what a faggot.

It’s really sad to think about
And all these normies haven’t the slightest clue

It's not the Twin Jews.

and thats still worth less than Elon.

Here he is

The creator of Bitcoin was John Forbes Nash jr. I have outlined at length all the reasons pointing to his identity as Satoshi, but the biggest clue lies in the white paper references; the fact that Satoshi proved a 51% attack is unfeasible against a network was proved mathematically but he never mentioned even once that this system is a classic Nash Equilibrium of selfish miners cooperating in their own interest. If you were writing this white paper again today in academia, your supervisor would absolutely make you reference John Nash. So why didn't Satoshi? Can anyone come up with a plausible explanation OTHER THEN Nash was Satoshi?

The crux is that more can't be created once it's out there. People would still hold relatively the same amount as everyone else.
Unlike fiat where it is created and appropriated by governments, reducing the relative value for everyone else.
'Changing the base unit' wouldn't have an effect, the price would remain constant against fiat because the supply wouldn't change, only the way it's counted.

For example in fiat terms, it would be like saying we're going to shift dollars one decimal so $1 becomes $10. Prices would change to reflect the new paradigm but supply would be unaffected so everyone would hold the same relative value as everyone else.

A friend's dad snuffed it in 2011, on his deathbed he was trying to give them some long combination of numbers and letters, which they suspect could have been a wallet or key. He had been very active in all sorts of web-related memery and schemes as well, bought and sold web addresses, managed to get his kids first name only gmail accounts, that sort of stuff, so chances are that he had dabbled in crypto. Her brother has his old laptop stashed somewhere, I'm convinced they've got some huge haul locked away in there, if they can figure out how to retrieve it.

Valery Chalidze is a serious candidate too

killed himself over a 33% drop

He was ngmi.

It's a deflationary asset.

no, it has inflation. price depends on demand. solana and eth pumped like crazy despite having no fixed cap.