Topic: Mircea Popescu died leaving 1 Million BTC behind? - page 2. (Read 524 times)

Agree, you are remembered more for what you did than all the money that you have but enough of that. I am pretty skeptic in terms of the allleged number of his bitcoin which is a million, I don't think that anyone has enough money to buy that or even hodl for a really long time.

I knew nothing about this guy, a controversial figure, read some nasty things. Anyway, it's not nice to talk bad about the dead people. What we should all learn from this is there are more important things in life than BTC and no matter how much BTC you would own someday it will all by left behind. So it doesn't hurt to try be a better person as well.

If there's a file that can access the wallet containing the alleged million bitcoins then probably all isn't that lost but for now we just have to enjoy the fact that the prices are going to go up again if there really is a million bitcoin that can't go back to the supply.

As @praine mentioned this info is mostly coming from MP's blog where he posted the financial situations or by his "PR account" (same source though...)

P.S his last post on the blog was on 22 June 2021 regarding a MMORPG game called Rage of Mages, being hyped that Rage of Mages 2 came out. At the end it's all about the simple things in life I guess

No, but this is how the news work, fake or not, doesn't even matter, since all exaggerate.
Some of those numbers are for real, but not all. And if you start adding up all those alleged lost coins in huge amounts from the news you have a good chance to already get to more than the current supply.

I think you're misunderstanding. It's not 1 million worth of Bitcoin that is being discussed here, but 1 million Bitcoins. So it is not market irrelevant at all, it's a massive amount of coins that could be taken out of circulation.

Mircea was an interesting character to me and I have followed him through the years. He ran a securities exchange that cost 50 BTC to register and trade on, and at no point did that amount ever get reduced (even after Bitcoin increasing 1000x in value from when that rule was established). He ran a prediction market called BitBet.us before selling it off, and I actually used it before it was shut down completely. There were some huge bets on that site, even for what BTC was worth at that time, notably one that had 5.5k BTC volume.

http://qntra.net/2015/03/largest-bitcoin-bet-resolved/

Mircea had his own blog here where he posted financial statements of the securities that traded on his exchange as well as philosophical musings/rants, and as you can see through the history he posted very frequently (basically every day). Last post was on June 23rd.

Go through that blog and you'll see that if he is dead, he's probably not the kind of person that would let anyone access to his coins in the case of his death.   He might not have had a million BTC, but it wouldn't surprise me too much if he did. He certainly was a whale and I've always believed him to be in the 6 digits.

I am sorry if I missed some details but where does it show that the guy owned 1 Million Bitcoins? Any address(es) containing the funds that are signed by him?
The feedback on his profile seems to suggest that he wasn't someone trustworthy.

I doubt he had a million coins and there is no evidence that ever held that much coins and these are just claims and the headline looks great, even with his tainted reputation here and his bitbet which scammed some to the amount of 10 BTC and then the gigamining fiasco and he might have made a huge amount of coins through these activities but not a million coins for sure.

No they wouldn't.  That's not how this stuff works.


He talked too much to fake his death.  I imagine this is real.

Just seems like such a peasant way of dying... drowning.  Sheesh.

If someone started adding all the coins claimed to belong to someone (Satoshi, Winklevoss twins, Mircea Popescu, Bulgarian governments and so on), they'd quickly find that Bitcoin's supply is more than 21 million 

I don't know much about Mircea Popescu, only that he had some controversial reputation. Could he be faking his death? Does he have any reasons to?

Mircea Popescu is 100% a Romanian name. Source: I'm Romanian myself

If he didn't store his keys somewhere, well.. it's a donation to everyone, right?

First of all, I agree. There is no evidence for any of this and even if 1 million worth ob BTC was to be lost it would still not account much for the market moves as it is still BTC out in circulation, maybe no longer accessible.

The scarcity of BTC does not change. The only difference is that it might be lost and if it is it won't affect the market. So the news is completely market irrelevant.

MP was an asshole, but I liked him for the most part.

RIP

I doubt he had 1 million Bitcoin though.

His exchange had a wonderful FAQ.

How much is a lifejack these days?  0.001 BTC?

It could be the opposite. A person doesn't keep a million bitcoin for so long without having it very secure, so it's most likely gone.

Even if it were found, it's unlikely and impossible for a single individual to convert that much to cash quickly.

He was last active in bitcointalk forum back in April 2016 and I see that he has negative feedback with scam accusations, but even Roger Ver posted that he is now dead,
and I am sure he was not a Polish man like that Costa Rican crhoy.com article is saying, but he was actually from Romania.
I do hope he left his private keys to someone, or those Bitcoins are lost forever in ocean with him.

he won't leave, so there's no way to access 1 million bitcoins without leaving a file. so we're all going to lose another bitcoin in a sinking market somewhere. buried and waiting for who can access the wallet.

Now this is till unconfirmed therefore we cannot just take this news and move forth. At the same time the article uses *CLAIMED* therefore the fact that he did have 1 million bitcoins is not something that is proven. I do think that even if he have died and no one knows where his bitcoins is, it would be more like *long term holding* until his family finds them and decides to sell.

Well the reason of death could also give us an insight into the whole thing, which I do not see happening since we have no confirmed article here about what has happened to him. Maybe he was killed because the person knew he owned so much and tried to steal them. Who knows ? Let us wait for a confirmed, detailed news.

Source: https://twitter.com/nobsbitcoin/status/1409135272785235971

BitcoinTalk Profile: https://bitcointalksearch.org/user/mpoe-pr-52741

Wired article about Mircea Popescu: https://www.wired.com/2014/01/openbsd/