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190 points aorloff | 3 comments | | HN request time: 0s | source
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mattlondon ◴[] No.44467062[source]
Maybe that guy who was digging up a landfill to find his old HDD finally found it!

Seriously though, what are the odds that someone has been quietly spending 10s/100s of millions in cloud compute to brute force the keys for old wallets?

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throw310822 ◴[] No.44467396[source]
> what are the odds that someone has been quietly spending 10s/100s of millions in cloud compute to brute force the keys for old wallets?

Even if that were possible, you could brute force one wallet. Not eight wallets closely related to each other.

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Scoundreller ◴[] No.44468059[source]
Keys created with an RNG that turned out to be a little too predictable?

Or some other flaw found in a wallet’s key generation?

Kinda like what happened here: https://news.ycombinator.com/item?id=6195493

(Or exactly that but nobody tried to attack this again with moar power?)

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pyman ◴[] No.44468461[source]
One of my students believes Elon Musk and Peter Thiel created Bitcoin. Here's the summary of the 5 page doc he presented:

In 2000, according to Peter Thiel, he met with the E-Gold team in Anguilla.

Around 2001, Elon and Peter were at PayPal, and they had plans to build a similar digital currency.

In 2002, PayPal was sold, and that pretty much ended the digital currency plan. Instead, PayPal let users link their bank accounts and cards to make payments. This created a bigger dependency on banks.

By 2004, there were over a million E‑Gold accounts. Banks weren’t happy about it. Meanwhile, Elon and Peter understood exactly how much potential this new kind of digital currency had.

In 2007, the banks took the founders of E-Gold to court for running an unlicensed money‑transmitting business. That same year, the E-Gold engineers were out of work.

Bitcoin was invented in 2008, the same year Elon was broke and busy trying to save both SpaceX and Tesla from going bankrupt.

His theory is that Elon and Peter hired the smartest engineers from the E-Gold team and asked them to build blockchain so they could create their own version of E-Gold. The team worked on Bitcoin from 2007 to 2010 under the alias of Nakamoto.

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AuryGlenz ◴[] No.44470293[source]
Fun personal fact - the only reason I didn't invest more in Bitcoin (which would have definitely been enough to be FU money) was because I had some E-Gold when it was shut down.
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DoesntMatter22 ◴[] No.44470500[source]
Worse fun personal fact. I was planning to buy 5000 bitcoins on a Friday after work. A coworker convinced me and it made sense. Bitcoin was less than 2 a coin at that point.

Then I go down the elevator in my building and there is a huge crowd of people. It ended up being 50 cent the rapper and a few other famous people.

It was so surreal and unexpected I completely forgot about Bitcoin for a few months. And by then I could stand the fact it had tripled (or something) and I had missed it.

Would have been hundreds of millions. Could have lost the hdd or had sold later but I'd always hold some.

Lol so now I blame 50 cent that I didn't buy Bitcoin

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1. tony69 ◴[] No.44470704[source]
You would’ve sold it way before it became FU money
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2. bbarnett ◴[] No.44470779[source]
Indeed. That's what so many miss.

One of the doge creators sold all his early doge for a used car. He'd hit the jackpot, a $5k return on something he rolled out in under a day's work, for fun.

He didn't make the wrong decision. All his coin was worth 5 bucks, then 5900. What would you do?

3. DoesntMatter22 ◴[] No.44473486[source]
I doubt it, Ive held my Tesla shares since the beginning.