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

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191 points aorloff | 1 comments | 04 Jul 25 18:41 UTC | HN request time: 0s | source
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Synaesthesia ◴[05 Jul 25 05:50 UTC] No.44470362[source]▶
I was also around when bitcoin just started out. Many people wanted it to be a global revolution in finance.

But instead it turned into a game of "hodl" to get rich.

Scams were openly perpetrated in the forums.

I became completely disillusioned. What exactly does bitcoin offer the world today?

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dovys ◴[05 Jul 25 06:02 UTC] No.44470410[source]▶
Speculation, get rich quick schemes and scams. They will exist no matter what. At least the barrier to entry to get scammed is higher with crypto than just online payments
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Synaesthesia ◴[05 Jul 25 07:47 UTC] No.44470867[source]▶
No, scamming people is much easier with crypto. The transactions are irreversible, for one.
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akritrime ◴[05 Jul 25 08:39 UTC] No.44471132[source]▶
As it is with cash.
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1. superjan ◴[05 Jul 25 09:07 UTC] No.44471265[source]▶
And crypto scamming is anonymous, low risk and can be automated. Scamming people for cash requires you to get close to each of your victims.