Dark Money

  • yes we have a few clues about Satoshi Nakamoto, but we don’t really know who Nakamoto is
  • thus we cannot begin to predict her motives
  • this is a problem, as she holds an immense amount of wealth
    • 1 million BTC ~ USD$ 8.6 billion
    • ~5% of all BTC
    • first and largest pre-mine in history
  • sure Nakamoto hasn’t moved any of it, yet
  • but don’t kid yourself, it is not lost
    • 1. Solves double spend problem
    • 2. Codes Bitcoin protocol
    • 3. Misplaces private keys
    • I think not.
  • And don’t even try giving me any of that nonsense that she burned all the private keys as an altruistic gesture.
  • if she ever tried moving a single of those trillion satoshi, BTC trading price would probably implode overnight
  • Nakamoto is not the only large holder of dark money
  • black swan events may very well become much more common as Bitcoin envelopes more and more of the traditional global economy
  • Vincent Briatore‘s video, How to not pay taxes on bitcoin
  • Unconfiscatability equals unregulatibility
    • Can’t keep criminals from using a hard medium of exchange, Bitcoin.