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?
Even if that were possible, you could brute force one wallet. Not eight wallets closely related to each other.
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?)
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.
All we know is that Elon and Peter revolutionised the finance industry with PayPal.
https://kqmarkets.co.uk/article/did-peter-thiel-meet-satoshi...
https://protos.com/is-peter-thiel-inner-circle-behind-the-sa...
https://www.bloomberg.com/news/articles/2021-10-21/peter-thi...
"Peter Thiel met with the e-gold team in February 2000 on the Caribbean island of Anguilla to discuss making PayPal interoperable with e-gold. The goal was to challenge central banks by creating a system where PayPal and e-gold could work together. Thiel believed this collaboration could spark a revolution against traditional financial institutions."
Actions speak louder than words.
- Thiel met with digital currency pioneers in 2000.
- Thiel chose not to partner with E-Gold because he needed to stay compliant and bank-friendly.
- A few years later, Bitcoin quietly appears, solving the exact problems E-Gold ran into.
- No names. No funding trail. No way for banks to know who the enemy is. Just Bitcoin wallets full of money.
It doesn't sound like a bunch of idealistic cypherpunks building tech to save the world. It sounds like a few smart, well-connected people who understood how money moves, got frustrated with the banking system and their fees, and built a way to create wealth and move value without paying commissions.
The cypherpunks laid the groundwork for the encryption banks, governments, and corporations now depend on. They were never interested in dodging taxes or avoiding bank fees.