Notice: The tracking was only to a single miner, any additional mined coins from other satoshi rigs would have escaped detection.
You know that there were others mining in 2009, right? Don't believe everything you read on the internet. Pseudo-evidence isn't science. Ugh. Derailed another thread with this idiot. Apologies, I'll stop.
Satsohi mined 1.8 milllion coins from 1 rig , are you so clueless that you really only believe he was running only 1 rig.
Odds are he was running a minimum of 4 rigs and possibly 8 rigs.(Anyone sharing a blockchain is running a minimum of 4 nodes especially in the old days.)
So his real bitcoin total is most likely over 7.2 million bitcoins.
Yes showing how stupid you are is derailing the topic.
So to get back on topic,
Peter Zeihan has stated Bitcoin is a Dumpster Fire.
https://coinpedia.org/opinion/geopolitical-strategist-and-author-peter-zeihanpeter-zeihan-thinks-bitcoin-is-dumpster-fire/
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Peter said, “so the boomers right now are in the most liberal investment environment of their lives they’re the largest generation this world has ever had so capital costs for the last couple years have been the lowest they’ve ever been and in a couple years they’ll be the lowest they’ve ever been and in a couple years they’ll be the lowest they’ve ever been and in a couple years they’ll be going to be very very high because all that boomer liquid capital is going to go away it’ll be locked into t-bills in cash.”
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Why Bitcoin is Heavily Reliant on Government Laws!
Bitcoin is emerging in this environment where money is free; it will not be here in a couple of years; it is not a store of value; it is not a method of exchange; it is not readily shiftable into the real economy. We’ve discovered with the Russian sanctions that it is completely reliant on the normal financial system for access. This means it is vulnerable to anything the government might do; it has already been banned in ten of the world’s top twenty economies; and in terms of currency. If you ever get a carbon tax it will be having a negative value so yes there’s nothing about bitcoin that’s been here for a long now as mentioned by Peter.
Bitcoin is emerging in this environment where money is free; it will not be here in a couple of years; it is not a store of value; it is not a method of exchange; it is not readily shiftable into the real economy. We’ve discovered with the Russian sanctions that it is completely reliant on the normal financial system for access. This means it is vulnerable to anything the government might do; it has already been banned in ten of the world’s top twenty economies; and in terms of currency. If you ever get a carbon tax it will be having a negative value so yes there’s nothing about bitcoin that’s been here for a long now as mentioned by Peter.
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He pointed out the recent global situations where anyone living in a war zone country like Ukraine where people are fleeing and cannot access the ATM, here Bitcoin comes as a savior as if they can get across the borders they can easily access their private wallet from anywhere and that’s what brings the Bitcoin on the radar of government regulations and that’s why it is being banned in many countries. It is a sure-shot case of money laundering and it’s certainly not good enough to be used regularly in any sort of civilized system.
FYI: Carbon Taxes will mainly screw over Proof of Waste coins such as btc and ltc.
