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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 | 2 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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ducksinhats ◴[05 Jul 25 08:54 UTC] No.44471196[source]▶
>What exactly does bitcoin offer the world today?

I can tell you down to the day how many bitcoin there will be decades from now.

Can you do the same for any fiat currency for next week?

It offers stability and a mathematical escape from very fallible humans controlling monetary systems.

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tobias3 ◴[05 Jul 25 09:17 UTC] No.44471313[source]▶
That's not completely true. If there is consensus among participants (especially exchanges) to change Bitcoin (fork) they can do it.

Can't do that with Gold.

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1. msgodel ◴[05 Jul 25 09:19 UTC] No.44471318[source]▶
That would be a different (forked) currency then.
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2. tobias3 ◴[05 Jul 25 11:52 UTC] No.44472116[source]▶
Or it would be Bitcoin classic and have less/no value. See ETC vs. ETH. All depends on how many (important) market participants use which version.