Many, many years ago, I think it was 2017 I really wanted to help fellow wizzies.
So I got rich off crypto, yes, one of those early adopter guys.
In 2017 or so Ethereum was just starting to take hold. It cost around 7$ to 14$.
I did some modelling and extrapolated that it has extremely high likelihood of replicating Bitcoin's initial success due to tokenomic system.
I made a post on wizchan back in the day (forgot which domain) and told you wizzies to buy ETH as it will most likely go up 100x and you will all be rich like me.
Guess what happened next? Admin deleted the thread for no reason. I tried to help and admin just deleted the thread and warned me.
Of course ETH did 100x at least. All what I said happened over the course of next few years. If any lucky wizards read the thread before it got deleted you'd be rich right now.
It's really sad and kind of disgusting moderators did this and shot community in the foot. I really wanted to help and nothing more. For wizards like us getting rich is the ONLY redemption we can hope for.
People shilling crypto was a problem and you got caught up in it, you attributing malice to the mods when there’s honest mistakes indicates you might have a shitposting tendency. Everyone has an analysis and justification for their investments, the ones who make money and don’t. I’m glad for you OP, but I remember people saying to invest in eth and chain link for many years here. I don’t think it was that hidden from wizzies, if we had the money to spare we would have when bitcoin first spiked. I wish we all had too buddy, but I don’t think you can blame anyway.
>>310636 > People shilling crypto was a problem and you got caught up in it, you attributing malice to the mods when there’s honest mistakes indicates you might have a shitposting tendency.
I didn't shitpost. I made one important post, I explained logically why Ethereum will explode (it did because of exactly those reasons). I wanted to hep other NEETs get rich as this was obvious at that point. Mods cucked out NEETs out of potentially comfy life. Good job.
>>310636 I was also not a deggie gambler. I made a bet on bitcoin and ethereum and maybe two other cryptos, THAT'S IT. Ethereum wasn't one of the hundreds of shitcoins I bought. Like 3/4 of my investments paid off bigly. I had very high conviction ratio.
>>310643 according to Efficient Market Theory any investment that guarantees wealth will become oversaturated until it regresses to the mean. Any investment that generates above avg profits is paid for in risk.
>>310646 Yeah, except tell that to Warren Buffett. Efficient market theory is a meme. The reality is semi-efficient market rules and there are certain very rare exceptions that come once in a decade where individuals with know-how can outperform the market (potential gain massively outweighs risk). Ethereum in 2017 was ONE of such rare once in a blue moon occurrences. You had your chance and squandered it. Thank the mods.
>>310649 You didn't have to get out in 2018. Ethereum costs $2,353.38 today and will only go higher with ETF acceptance. You just had to listen and buy at 14$. All you had to do. Just buy and then live off ETH for the rest of your days. You had one job.
>I did some modelling and extrapolated that it has extremely high likelihood of replicating Bitcoin's initial success due to tokenomic system. >I made a post on wizchan back in the day (forgot which domain) and told you wizzies to buy ETH as it will most likely go up 100x and you will all be rich like me. Repost it
I remember that thread but didn’t go all in because I was way too risk adverse. I did buy some eth but I forgot all about them and am not sure where they are now
hey don't feel bad, i tried to help wizzies live cheaply by saying where the best groceries were the cheapest and got shit on for spaming… its nothing new here…
can you guys give me advice to make money from home that is very low effort and easy? I just want to be a neet but I am afraid of losing social welfare
>>310664 Monero is the best cryptocurrency and that is exactly why you shouldn't buy it. Paradoxical? Let me explain. So Monero is flawless. It's actually, legit, 100% anonymous. This is what Bitcoin wanted to be. But Monero being SO GOOD is what makes the government HATE IT. That is why gov is slowly banning off and on-ramps to monero. No legitimate companies can purchase and hold Monero. Yes, there are DEX exchanges, but those are used by criminals (because Monero is actually so good) and big companies and normies will never buy it for that exact reason. Monero is also harder to store. Yeah you can store it with trezor but its pain in the ass.
TL:DR: Monero is functionally the best crypto. This makes Monero ostracized and a bad investment as the system will try to get it banned.
Bitcoin is good enough to be a hodl crypto, but shitty enough for gov to allow it due to totally transparent blockchain.
This is why Bitcoin is the best investment (but not best crypto)
>>310666 > OP got lucky, now he brags about being lucky like he's in a position to give other people advice.
COPEMAXXX3000. It makes you feel better saying "I was lucky", because it would hurt so fucking bad knowing someone did the math and picked the right horse for fundamental reasons.
Suspicious being lucky three times in a row eh (BTC, ETH and S&P).
If you read between the lines, the purpose of this thread is just to humble brag about how he got rich and how smart he is for picking red on the casino table. He doesn't give a shit about wizards and doubt he's a virgin.
I feel extremely bad about missing out on crypto gains. I knew about it before the normies and it felt like this one reward for being an imageboard browsing weirdo but I just never had the brains to do the math and balls to invest and hold and I was afraid of listening to advice out of fear of getting manipulated by shills.
The knowledge that some people became millionaires just by buying and selling some imaginary numbers while people make 0.1% of that money while breaking their back just makes me feel depressed. It feels like you are a lower human if you work for a wage.
There are certain cursed people whom whatever they invest in crashes and whatever they dont invest in booms. if you are one of those cursed ones, then crypto would have crashed just as you entered.
you can go test the theory out right now if you dont believe me.
I'm one of the mods who deleted those threads, sometime in late 2017 or early 2018. >Admin deleted the thread for no reason. The reason was that there were existing cryptocurrency threads, but you insisted on making your own thread. >I tried to help and admin just deleted the thread and warned me. Crypto shilling and investment trolling were a big problem during that period and your posts came off as spam. Then you remade your own thread after being pointed to the general and have since reminded us of your persecution on several occasions.
>>310689 if you buy counterfeit or knockoff goods from alibaba, even if it claims to be legit, be prepared for 100% of it to be confiscated by customs and not be able to get any sort of refund or compensation from alibaba
if you want to buy something in bulk, and they send you samples and it all looks good, when you commit to buying, you should be prepared for 100% of the actual bulk to be lower, defective, broken, or used
basically any money you spend on alibaba, be prepared to lose it all, before you even have a chance to resell the thigns you buy
>>310679 I cashed out my $50 bitcoins when they rose to 120 each. Why? Because I have living expenses.
Expecting the average person to hold until it hits 10k or 40k is delusional.
Most people are dirt poor and are just extremely happy if their desperate 1k crypto shot turns into 3k and they hurry to cash it out.
The only people who held their single or double digit bitcoins until they were worth millions of USD are those who were rich to begin with. For whom a random 10k bitcoin gamble loss wouldn't even make a dent in their daily finances.
No poor person ever got rich through crypto because the temptation to cash out once your holding gains 3-10x value is too high for someone who faces daily financial uncertainty in real life.
>>310680 I'm one of those people. I've literally caused permanent market crashes on certain assets just by opening a moderate position in them like a few hundred or few thousand dollars. Like a smaller stock that never recovered the day after I invested in it (even 6 years later, it just slowly slides down) Even in sports betting, really weird shit has gone down after I made a substantial bet. Like the 3-0 winning soccer team at 88 minutes suddenly suffering a 3-4 defeat in the last two minutes plus three minutes of extra time.
The universe simply blocks some people from advancing and makes sure there is utterly no way to bypass or cheat the system.
Once or twice can be chalked up to a statistical anomaly or statistically insignificant coincidences. When it happens dozens of times through your life (an event with 1:1000000 or worse odds keeps happening against you) you just know you are cursed and not meant to obtain wealth.
Meanwhile there are people like that guy who bought a few tickets and won the powerball lottery twice in a row. The universe ensures certain people simply can't lose at life even if they put in minimal effort or resources. It's all a chaotic, random hellscape with no method to the madness.
>>310703 >Even in sports betting, really weird shit has gone down after I made a substantial bet Tell us what you've bet on next time so we can bet against you and share our winnings with you (we won't hahahahahahhahaha!!!!)
>>310703 Even ChatGPT coldly admits that a certain level of astronomical bad luck opens the possibility of being cursed by an Evil God > If we controlled for all other factors and still found a consistent pattern of astronomically low probability events happening to an individual, it might suggest that an evil god is at play. However, it is important to note that even in such a scenario, we cannot prove the existence of a god, let alone an evil one, with empirical evidence or scientific inquiry.
>>310740 >Even ChatGPT has less rationale than a 4 year old succubus. It doesn't admit or agree on anything. If you ask it the exact same question with a fresh session it has a 50/50 chance of telling you the opposite of what it has just told you now. The belief in bad luck is only put in to practice by automotive insurance brokers, the quintessential underminer.
When etherium was $4 or $5 each I asked my dad if I could by some and he said no. I was a kid but had saved up allowance. It peaked at $4000 and bounced around $1000 to $2000 for a while. I could have been rich.
i had a chance to buy bitcoins from TOR when it were 0.00000001$, but i bought a microwave dinner instead. if i had bought the coins instead of that dinners, i would have $999-999-9999 ext. 9999
>>310743 I sometimes play a game where I think about the bitcoin that got stolen from me when a drug market closed and they stole all the money. I think in theory, the amount they stole is growing each year, and when they stole $100 of bitcoin in 2010 when I was a student it would now be worth millions now. Each year what they stole increasing in immense value. Of course it's a joke, because I would have wasted that money and never kept it until now because I'm a poor retard. It just puts a spin on the idea of "oh I could have bought some". Of course, I did have some because I hung around political forums that invested heavily in bitcoin when it was worth nothing for ideological reasons, but I lost them. The idea someone stole it from me though is more amusing, but it's all the same thing, it would have been converted to rent money long before now.
>>310668 I'm not OP but another early crypto adopter. I think in the long term it may be incredibly good, but it may have a tough 1-2 years ahead. Currently it is very cheap because there are no good decentralised exchanges, and there is fear it is gradually getting removed from the centralised exchanges by regulatory pressure. Tainted/illegal bitcoin and eth will become more of an issue; it will be harder and riskier to use those in the grey market. Hacks of billions of dollars worth of crypto will continue, which will need to be laundered. Societies will become more and more cashless.
Good decentralised exchanges are inevitable and being developed right now. That will allow monero to be interchanged will bitcoin and ethereum, regardless of regulations. It is inevitable that a market will emerge for a more private currency that is safe in the grey and black market. It will remain a niche currency but it will at least be a lot more valuable than now. It is just difficult to time it.
>>310773 Not really. The main use was and still is buying illicit drugs from the dark web, specifically methamphetamine, cocaine, weed and various pills like ketamine.
The second largest use is people speculating on the worth rising or falling.
The third and nonexistent use for bitcoin is, was and will always be payment usage, form of salary payment, car payment, house payment etc. (these happen, but in a such minuscule amount that it may as well not count).
>>310783 well who would want to use such a volatile currency to buy groceries? sure its nice when it goes up. but you don't want your daily spending money to go down by 90% in an hour
>>310788 step 1: speculate step 2: almost all your assets are now in crypto due to the price multiplying over the years step 3: it's now easier and cheaper to buy groceries with it directly rather than perform an exchange, report taxes, get permission from a bank to receive the money etc
Any widespread adoption would lead to similar, and the price variance is also a direct result of it being early in the adoption cycle.
>>310783 The main use these days is now speculation, clearly.
>>310773 The whitepaper very clearly states it was meant to be about "peer-to-peer cash" but that dream is forgotten by most
>>310626 Teach people how to fish, instead of giving them fish. I think that it would be better if you posted videos and free courses which explain the logic and economic theory behind your calculations. Or just general economic functions literacy. I know it's realistically even more impossible but at least you'd have a chance to actually hwlp a couple of wizzies out not just with ETH but generally understanding investment.
>>313908 Please stop posting, you know absolutely nothing about *real world* economy. >just stop being poor bro >just start from nothing and try to catch up with the IRS and billion dollar companies as competition bro
i genuinely believe i am cursed, not ha ha rite ok j/k
like legit unexplainable bad luck for my entire life.
ive studied it and tried to break it my entire like, minimal success.
My Present Theory:
as poster im replyin to said,
i believe we are in some kind of a simulation, call it whatever you want to call it, and most of us are meant to play a part, we volunteered to come here for it. Response: why would we volunteer for a life that sucks ass??
i dont know.
but i believe we are here to play a part, its wy we cant really alter it at all, and someone radically altering their life is almost un heard of.
As to Why someone gets cursed, i have a lot of theories, none are good.
in ancient times most men like us would of been considered cursed, and would of probably been shunned.
i talked to a gypsy a couple of years back, she told me, me, my life, is a culmination of Numerous generational curses all landed on me, and i will be end of line for te curse/s. And, didnt want to be involved beyond it , because curse could lash out for tryin to lessen it.
>>310763 I still do. Worthless as shit, not even currency, those pieces of software are.
Only when values do not fluctuate and a solid, nearby, collective and variated organization of markets can give you guarantees of it being accepted, is any of these "currencies" worth having. Like coupons.
I disagree with this. You dont Have to Be rich to hold For a long Time. Just enough to comfortably get by. LIke I Have never in My Life made More than 15k a year. Yet I bought nvidia For 9k and sold For 67k after holding it For 5 years. What made me hold was The fact that 3k For example doesnt change anything in My Life. I have a Place to sleep in and food. My mother helps me sometimes with 200e. I only cashed out because I could finally buy an apartment. Which in hindsight wasnt smart because that 67k would Have Been 400k 2 years later. I'm not saying I would Have ridden Bitcoin for 10000x but thats a far cry from selling your investment with 3x. If you need 3k extra to live, you are living sbove your means
>>317610 I traded shitcoins since the beginning and think it is very unpredictable now. I moved almost everything into bitcoin. There are two that have not launched yet that i will probably buy a little bit when they do launch (unless the marketcap is too high at launch): tari and serai
>>317623 It now depends on geopolitics so it is very hard to predict. The Biden administration was very hostile to all cryptocurrency, but Trump and other politicians seem intent on completely reversing that - they only just started to treat it as an official reserve asset, and law enforcement has dropped many cases against shitcoin scammers, so it looks like he's encouraging people to try to develop and advertise shitcoins. Europe needs to spend massively on defense so presumably they could start printing a lot of money and inflating the euro. Russia/china/india have started using bitcoin to evade sanctions. If this trend continues then there is no limit really. At the same time, if there is a recession then maybe it will perform badly as it is perceived as a risk asset. My answer may seem unclear but that's because the situation is unclear, risk is always involved, but the upside potential is definitely still there as it seems on a trajectory to become increasingly politically important
>>317623 It already has a market cap of 1,50 trillion which is more than the GDP of most countries in the world.
The only capital left to be injected in the market is from either the US government or the ultra rich / global oligarchs.
So I wouldn't hold my breath. The valuation is extreme even at 80k per coin. It could burst any moment if hedge funds or big institutional investors decide to remove bitcoins from their portfolio.
>>317630 Good info, I'd previously just dismissed crypto in general as a scam but it looks like it's actually got quite a few massive uses like how you mentioned Russia evading sanctions. And good point about the possible recession, in the end I might buy a bit but not too much until I see how things go.
anons who live off crypto are you prepared for the eventuality that your crypto becomes useless? do you have any useful skills? another source of income?
>>317647 I have a lot of IT education and slowly learn more, but in reality if it came to that i'd very likely just kill myself. I have an anxiety disorder and it's so stressful to try to prepare for the worst outcomes so it feels like i should just not bother to think about it much so i can try to enjoy life more
>>317650 Have you always been this way? I mean, would you say that crypto is allowing you to live at all, or is it that you've grown so reliant on crypto, that it's become like life support - take it away, and you die? What if crypto never existed in the first place - wouldn't you have learned to live without it?
>>317651 I cant really know i suppose. I doubt I would have survived without it because 10 years ago i had a suicide method all prepared and ready to go.
Perhaps it's also the only reason i "succeeded" with it - i didnt seem to have any other option but to gamble on it. On a sociological level i think this is a common occurrence that has been a driver for its popularity. Young people are desperate and willing to gamble when they see no other way out because the economy is so fucked
>>317655 This is unironically the reason why cryptos will keep skyrocketing for years.
It isn't hedge funds pumping up them with capital. They literally only keep going up because desperate 20-40 year olds keep maxing out their loans and credit cards in an attempt to get out of hell & dump it into cryptocurrency in anticipation of price appreciation.
>>317667 The golden years of MLM scams and crypto are only beginning.
As AI and corporate greed destroys more and more jobs, there will be billions of young people globally who will get royally fucked by having neither wealthy parents nor access to any kind of a job.
They will literally take loans from loan sharks and dump them into MLM's and cryptos. If it doesn't work out they will kill themselves. If it does they make extra money.
>>310626 Not making it rich off of crypto is one of my biggest regrets. I could have bought into bitcoin for 20-50-100-200$ a pop, I've known a lot about it, I just didn't have the will. Didn't have my own money and the little I got randomly I spent on nonsense. If only I worked a supermarket job for a couple months and spent it all on bitcoin… I would have a house and enough money to relax for the rest of my life. It's actually insane in hindsight. Like, I was handed the golden keys on a silver platter and I just couldn't be fucked to pick them up. Not going to kill myself over it, but damn if I unlock wizard powers next May I'll try my hands at chronomancy lmao.
Then again OP, you aren't the only one who posted about this. Information was readily available for anyone who had the ears to hear and eyes to see. I'm sure most wizards have a similar story to mine. Wonder how many of you also wasted your meager allowances or whatever spare change you had lying around at the time like me.
Still pains me that to this day I see no path to returning to NEETdom now after working for 2 years. I buy a scratch off ticket or a lottery ticket every now and then, but that's a pipedream compared to the very real opportunities missed.
The more I think about it, 2012~2020 was such magical window of opportunity, with the advent of AI and looming threats on the horizon I don't think I'll ever have another in my lifetime. If I want to be more realistic, the masses wont have such a chance for financial freedom EVER again.
>>318915 I was playing poker with bitcoin back in 2011/12, sealswithclubs. They were doing freerolls for 1/20th of a bitcoin which is funny in hindsight. I don't really have regrets though, because even if I bought back when it was $5 I'd probably have sold when it was $10 or max I coulda held is $100. 0% chance I could hold anywhere close to even $1000.
could have bought 10000 BTC before the Lazlo's story
context: stumbled upon Bitcoin in March 2010. I even had a laugh how close the date is to 24 March 2010, the day when the events of "Uplink" videogame start.
Hey, I am a 26 year-old Wizzie and am extremely interested in your investing experience and consequential advice. Is there anyway you could share your current thoughts on the crypto market and the currencies likely to increase in value substantially?
>>320820 Every single altcoin is a shitcoin that purely benefits whoever launched it.
Bitcoin is the only viable long term coin and always will be. Thanks to money launderers and drug trafficker, it will have eternal demand until the universe dies off.
The price slowly creeps up because the mining difficulty rises each year but people moving and hiding large amounts of illicit funds aren't going anywhere, they buy it no matter the price because it's the only digital anonymous cash not even the NSA can touch if you don't keep a physical wallet key.
Not an idyllic story or one you wanted to hear, but it's the ugly reality.
Put a small sum in crypto during pandemic. Lost my money. Ignored it due to emotional pain then came back today to see that my XRP has 8x. I really don't know how this shit works. I am really happy now but I shouldn't get attached or greedy.
I also put money in crypto, I was just turning 19yo, just put all my savings (US$300) in memecoins. Maybe for some people that's just lunch money because they earn 10x more in a month but for me that was a huge amount living in a third world country and having no job. I made my $300 investment turn into 20k grand I got so euphoric never see that much money in my life that was life changing money for me and just fucking lost it because I dont fucking sell at least I was able to recover and do some more trades and get 3k but it's not enough 1 year has passed and I still stayed broke just sitting all day I lost it all because my greed and I lost the money that was able to change me forever
Man, really not listen to the initial grift about shitcoins was a missed oportunity, now scamcoin(bitcoin) is highly valuable speculative shitcoin, you can win a lots of money selling this shit to another fool that want to grfit too, it's a big grift trying to grift another grift economy, classic pyramid scheme, but whatever the early scammer really got their money.
>>320838 Thing is, every early adopter according to blockchain.info already sold years and years ago. So nobody made off with billions.
There is of course the original Satoshi wallet with an untouched 1 million BTC in it, but it's pretty clear by now the owner is dead or lost access to the wallet since it hasn't seen a single transaction in 15 years (and is already worth half of Elon Musks net worth or 100 billion dollars if slowly offloaded to the market).
I bet there really is no reason for the owner to even want that moeny anyway. If he was the creator then he probably had a ton of other wallets too that he profited off of if he is still alive.
>>320846 That's the correct answer. If you read all the technical analysis articles on the original million or so genesis coins on Bitcoin, the guy split them into thousands upon thousands of wallets.
But the weird thing is not a single one has been moved on the blockchain or cashed out - ever. Even if he would be a billionaire and the 4/5th wealthiest person on the planet.
Which supports the idea Satoshi Nakamoto or whoever mined the first coins and used that pseudonym, died in one way or another years ago.
>>320858 He is by far one of the most intelligent humans to ever live. The blockchain technology he implemented is bulletproof, peer-reviewed by Ivy league universities and also used by thousands of entities today including banks.
He allowed anyone to copy it through free open source code.
Few people understand he has shaped the world about as much as Albert Einstein and there isn't even a shred of evidence if he's still alive or what his real name is.
And if he is alive (which is a big if) he is one of the wealthiest people to walk the planet.
>>321185 140-150, or significantly above Mensa range. The odds that someone else randomly came up with blockchains and cryptos within the next hundred years is close to 0.
>>321211 That's just standard Markdown, a writing syntax popular among geeks for many purposes. I guess it was the default and only editor before the masses flocked to it without any technical background.
>>321217 Cont. This meme might have made sense 10-20 years ago when markdown was in its infancy and relatively unknown, and rich text formatting was not available or the default on Reddit. Anyway it's outdated now.
>>321211 Hot take: Reddit is actually kind of a good place, only stupid ass imageboard user that like to troll and shitpost hate reddit because they would be permaban, and that's a good things,m
>>321226 It depends on the sub. There are very good subs about niche things, and everyone there is acting nice. On the other hand, the most populated subs of course are unreadable. It's so big of a site that it's stupid to judge it as a single entity.
>>321233 Yes, I agree, the biggest popular subreddit a usually shitty, but niche one are usually good with quality content, the ratio of good information for post is good, different from a imagemboard like 4chin where the ratio is low where the avarage reply is low quality to inflammatory trollish, after passing into my 30s I lost the will to waste time in big imageboard like 4chan because of the low ratio of post/quality, reddit unironically is far better.
Crazy that it have been 15 years and still nobody is actually using crypto except criminals. Really good for ransomware and what not. But going to the store to buy some milk? No. Send some to my uncle? No.
Some countries have it banned, some countries have a soft ban where banks will block buying and selling. Complicated tax laws and what not. 100% based on USD, a currency I dont want to deal with. You are not buying something for X BTC, no it is X on whatever it is worth in USD then convert to BTC. I thought it was suppose to be "free" as in freedom from fiat.
If you really want to "invest" in crypot, just buy certificate and you dont have to deal with all the meme surrounding it.
>>321240 Whatever was the initial intention and hopes of the creator of Bitcoin, clearly bitcoin and other shitcoins in general just became a pyramid scheme for grifter trying to fool idiots and other grifters, it all just one big scam, it's better to invest into something more real tied to economy like ETF of some stock exanchge instead of wasting time on a digital pyramid scheme, it's the same shitty people grifting on day trader and other get rich quick schemes.
>>321226 >only stupid ass imageboard user that like to troll and shitpost hate reddit because they would be permaban I've spent more hours on reddit than you have fag
>>321240 The fact it's still the only viable payment method for cocaine and other expensive drugs means it will have infinite demand for an infinite amount of time.
It's essentially paper money in computer form. Used correctly it's 100% untraceable to any single person.
>>321289 >The fact it's still the only viable payment method for cocaine and other expensive drugs means it will have infinite demand for an infinite amount of time. Until we take the drug dealers out in to the street and melt their faces off with a blowtorch
Early adopters of shitcoins and scamcoins got rich from being the first to get into the pyramid schemes, not a new thing, just pure luck, not shitcoins and scamcoins are just that shitcoins and scams.
>>321290 I'm good with that. I don't mind if non-junkies get high occasionally from a libertarian standpoint, but the rest of the daily users and dealers need the blowtorch.
>>322243 Yeah, no. We're talking Elon Musk levels of money here. If Satoshi or whoever has control of his wallet is still alive, they would do something with it.
Countries have started wars for sums smaller than the Satoshi wallets. The money is probably gone because the owner died and nobody has the wallet key.
>>322244 >If Satoshi or whoever has control of his wallet is still alive, they would do something with it. It's Crypto, not real money. What can they even do with it? Buy shrooms and child porn off of onion sites? The money was gone the instant it got converted in to crypto.
>>310637 I know this is an old thread I'm responding to but I just wanted to say it's hard to tell genuine analysis from bullshit and most of the get rich crypto stuff ends up wasting people's money, there are so many shitcoins out there and people comign up with word salad that looks smart, if I'm a mod I'm not studying blockchain physics to understand if its correct or not, I'm protecting users from potentially getting scammed, but I can see it from both angles as well about free speech and trying to help people
>>322246 Nothing was converted. It was mined within minutes before anyone even heard of bitcoin.
It was utterly worthless at the time. Hence the infamous 25000 bitcoin pizza delivery.
The miner simply lost his decryption key and is cursing his life every night he goes to sleep. Even if they cashed out a tiny fraction of the original stash slowly over a year they'd have 10 billion us dollars in fiat.