Sleeping beauty Bitcoin wallets wake up after 14 years to the tune of $2B

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?

> 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.

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?)

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.

I do not think that Elon would not claim he is the inventor by now. The team theory makes this entirely unbelievable. Something like this can only be pulled of by 1-2 person's whith exceptional self-restraint.

Peter Thiel said in one of his podcast he believes it was the E-Gold team who created Bitcoin under the alias of Nakamoto. He also confirmed he knew the team. But no one knows the names of the engineers or who financed them.

All we know is that Elon and Peter revolutionised the finance industry with PayPal.