I am not all that suppressed by 348 bitcoins. A lot of the "early adaptors" (including myself) viewed bitcoin as something to work to promote, we spent bitcoins at every opportunity (10,000 BTC Pizza anyone). We also gave a lot away (funding facets back in their day).
I myself have a great deal less than Jeff.
Neil
Topic: Jeff Garzik's Bitcoin Balance Revealed - page 3. (Read 7018 times)
How come there are people who use Bitcoin but don't know who Jeff Garzik is? Is it because they don't appreciate the technology part of it and only care about the user and business aspects of it? I guess he's been pretty low key on the forums lately, but his name is still all over the source code.
That's why it's surprising that he only managed to keep 348 bitcoins. Seems impossible. I guess maybe he never decided to put much actual investment money into it, perhaps.
There was a parody of Mark Karpeles that replied to Jeff that said: "I only have 650,000 bitcoin myself"
Surprisingly small amount.
If he holds for a while they may be worth a lot more however.
Definitely anyone with this kind of BTC is really blessed.
He's set for life with 350 BTC. If he holds for a while they may be worth a lot more however.
Definitely anyone with this kind of BTC is really blessed.
You'll be set for life with 50 BTC. If you can hold onto it long enough, you'll be set for life with 5 BTC.
Yes but, who really will hold that long if 5 is all they have?
agreed.
Still a pretty good amount.
348.006 or 348,006 ?
I have the same question, 348000 bitcoins or 348 bitcoins?
His later response suggests that it is 348 bitcoins:
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Jeff Garzik @jgarzik 20h
@CryptoWars Everyone I meet assumes I'm a gazillionaire with thousands upon thousands of BTC.
@CryptoWars Everyone I meet assumes I'm a gazillionaire with thousands upon thousands of BTC.
Unless he means that he isn't a gazillionaire, but still has thousands upon thousands of BTC
haha. 
He confirmed to me, it's 348 bitcoins.
https://twitter.com/jgarzik/status/480477929160208384
Damn, I was really thinking he got 348k
https://twitter.com/jgarzik/status/480477929160208384
Damn, I was really thinking he got 348k
348? ....hmm okay
JEFF are you crazy? why only 348
? Peter said he sold half his coins for 5 figures - e.g: 20,000
So it could be anywhere from $10,000 to $99,999. At today's exchange rates, the range will be BTC16.75 to BTC167.50. So his total stash could have been BTC33.5 to BTC335.
BTW, which exchange he used?
True.
I don't know which exchange.
Maybe it was a private sale?
Quote
That said he still has a lot more than me less than I expected but 348*600 = 208,000
Enough to purchase a small house at least.
Enough to purchase a small house at least.
Depends on the market price, if bitcoin would be worth $10.000 in the future he'd have 3.480.000
On the side note, https://twitter.com/_Magicaltux/status/480463347050373120
What happened to his plan to launch Bitcoin satelites in to space? (It was a partnership between the Dunvegan Space Systems, owned by him and Deep Space Industries Inc.) I think he spent a lot of his coins in this project.
I think he spent a lot of his coins in this project. Check his last posts on here. I saw that he'd just mentioned it.
Peter said he sold half his coins for 5 figures - e.g: 20,000
So it could be anywhere from $10,000 to $99,999. At today's exchange rates, the range will be BTC16.75 to BTC167.50. So his total stash could have been BTC33.5 to BTC335.
BTW, which exchange he used?
Peter Todd also said he sold half of his bitcoins when Ghash hashrate hit 51% for 5 fiat figures. So basically he had max 315 BTC and now only max 157 BTC.
And he will be cursing this when Bitcoin hits $10K after 2-3 years. BTW... from where did you got that BTC315 figure? Did Peter Todd announced that he had that many Bitcoins?
Peter said he sold half his coins for 5 figures - e.g: 20,000
Peter Todd also said he sold half of his bitcoins when Ghash hashrate hit 51% for 5 fiat figures. So basically he had max 315 BTC and now only max 157 BTC.
And he will be cursing this when Bitcoin hits $10K after 2-3 years. BTW... from where did you got that BTC315 figure? Did Peter Todd announced that he had that many Bitcoins?
Surprisingly small amount.
If he holds for a while they may be worth a lot more however.
Definitely anyone with this kind of BTC is really blessed.
He's set for life with 350 BTC. If he holds for a while they may be worth a lot more however.
Definitely anyone with this kind of BTC is really blessed.
You'll be set for life with 50 BTC. If you can hold onto it long enough, you'll be set for life with 5 BTC.
+1000000000000000000000000000000000000
Surprisingly small amount.
If he holds for a while they may be worth a lot more however.
Definitely anyone with this kind of BTC is really blessed.
He's set for life with 350 BTC. If he holds for a while they may be worth a lot more however.
Definitely anyone with this kind of BTC is really blessed.
You'll be set for life with 50 BTC. If you can hold onto it long enough, you'll be set for life with 5 BTC.
Peter Todd also said he sold half of his bitcoins when Ghash hashrate hit 51% for 5 fiat figures. So basically he had max 315 BTC and now only max 157 BTC.
Guys 348 coins is a little over $200K.
I don't consider that a small amount.
On a side note, 348 coins is about 346.131721 more coins than mine
Yeah I would say 348 coins is a good amount....
I don't consider that a small amount.
On a side note, 348 coins is about 346.131721 more coins than mine
Yeah I would say 348 coins is a good amount....
What happened to his plan to launch Bitcoin satelites in to space? (It was a partnership between the Dunvegan Space Systems, owned by him and Deep Space Industries Inc.) I think he spent a lot of his coins in this project.
I think he spent a lot of his coins in this project. 
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