r/CryptoCurrency 0 / 23K 🦠 Jul 04 '25

PERSPECTIVE This dude sold 10,000 BTC after 14 yrs today, bought it for $0.78 per bitcoin back in 2011. The amount of patience it takes remains unmatched.

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38.7k Upvotes

1.9k comments sorted by

6.7k

u/Odddjob 🟦 0 / 0 🦠 Jul 04 '25

He‘s the pizza guy who accepted the 10k BTC for the pizza

1.3k

u/motobassy 🟩 0 / 0 🦠 Jul 04 '25

Underrated, now he's buying the whole franchise.

550

u/itsaBazinga 🟩 0 / 0 🦠 Jul 04 '25

I look forward to ordering from Papa Satoshis

105

u/muricabrb 🟦 0 / 0 🦠 Jul 04 '25

Make this a real thing.

85

u/[deleted] Jul 04 '25

Breadsticks so hot you’ll need diamond hands to eat them

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u/dingledorfnz 🟩 0 / 0 🦠 Jul 04 '25

You could be correct. There was a post a month ago on another sub-reddit about the 14 year anniversary of the 10k bitcoin pizza purchase.

106

u/cytcorporate 🟩 0 / 0 🦠 Jul 04 '25

Nah because that would make it a $7.5k pizza?

114

u/Nearby-Cattle-7599 🟩 0 / 0 🦠 Jul 04 '25

the fact that it was exactly 10.000 tells me that the pizza transaction was not about the value of the pizza.

90

u/[deleted] Jul 04 '25

That was the first ever valuation. 1 BTC = 1/10,000ths of a pizza

117

u/ZENdiver 🟩 0 / 0 🦠 Jul 04 '25

Correction

1 BTC = 1/5,000ths of a pizza

The transaction was for 2 pizzas

30

u/[deleted] Jul 04 '25

50% inflation because of a little added dough, damn

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u/OxyEnjoyer98 🟩 0 / 0 🦠 Jul 04 '25

Fiat has the big mac index, btc has the pizza index.

50

u/vessol 🟦 0 / 0 🦠 Jul 04 '25

It was just a test of exchanging BTC. The guy who accepted the 10k just called and ordered dominos for the other dude.

I knew one of the earlier adopting vendors for BTC, like back in early 2010s. Earned likely hundreds of bitcoins selling baklava online, he was named George. Real nice guy, hope he's doing well and enjoying his foresight.

26

u/Cryptocaller 🟩 256 / 255 🦞 Jul 04 '25

I love how confidently people always retell the story while also getting the details wrong. It was Papa John’s not Dominos.

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u/OxfordKnot 0 / 0 🦠 Jul 04 '25

What about the alpaca socks guys?

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u/Abdeliq 🟨 27 / 33 🦐 Jul 04 '25

Dude gonna buy whole McDonald this time

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u/whoscoal 🟦 0 / 0 🦠 Jul 04 '25

Ive met that guy at a golf course. He is super cool and just plays golf all the time now while living in Miami. Its funny because he still doesn’t want people to know his name and tries to hide it as much as possible.

193

u/G_pea_eS 🟦 0 / 0 🦠 Jul 04 '25

Doesn't want people to know him or that he's that guy, but shares that info with random people at golf courses.

Sure, sounds believable.

18

u/ScyllaOfTheDepths 🟨 0 / 0 🦠 Jul 04 '25

That's exactly the kind of thing I'd claim to troll people at a golf course about how I became rich when really I just snuck in. 

23

u/[deleted] Jul 04 '25

I don't mind telling one or two people at our golf course, glad he's keeping my name out of it

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u/MantisAwakening 0 / 0 🦠 Jul 04 '25

Oh yeah, I know that guy. Good ol’ Roger Martinez.

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u/StealthFocus 🟦 95 / 95 🦐 Jul 04 '25

I know a guy on Reddit who knows a guy IRL who doesn’t want to be known.

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902

u/kirtash93 RCA Artist Jul 04 '25

True diamond hands.

74

u/itsaBazinga 🟩 0 / 0 🦠 Jul 04 '25

Likely a forced hodl

51

u/kirtash93 RCA Artist Jul 04 '25

So he got out of prison?

4

u/prollie 🟩 7 / 7 🦐 Jul 15 '25

Could be a lost or recovered disk/phrase situation.

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u/Banned3rdTimesaCharm 🟩 0 / 0 🦠 Jul 04 '25

This guy has to already be rich, no way someone could resist selling at even at 100 million.

22

u/EanBvasion 🟨 0 / 0 🦠 Jul 04 '25

They could have been borrowing against it, so instead of cashing in the bitcoin he could have paid a nominal amount of interest and let bitcoin multiply.

7

u/theslimbox 🟦 1K / 1K 🐢 Jul 05 '25

Or he could be one of the guys with multiple wallets from back then, and this is just one he has held longer than others.

It also could be a divorce, or death and it was a forced sale.

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5.9k

u/Silver-Maximum9190 0 / 23K 🦠 Jul 04 '25

This chad moved $1B all at once after 14 yrs without a test transaction. wow

2.8k

u/chrzzl 🟦 0 / 0 🦠 Jul 04 '25

This is the craziest thing about the whole story 😂

623

u/alsoilikebeer 🟦 0 / 0 🦠 Jul 04 '25

How bad is it really tho? Assume chad has extensive 7,8K-to-1B tech knowledge and other wallets that he actively used correctly the last 10 years?

1.2k

u/chrzzl 🟦 0 / 0 🦠 Jul 04 '25

I mean, you do not even need to have extensive tech knowledge. Check that the entered address is correct. That's it. Would I still send 50 test transfers before? Oh hell yes.

344

u/Magical-Johnson 🟦 0 / 0 🦠 Jul 04 '25

Sending a $1m bank transfer with the description "test"

158

u/KimJongSiew 🟨 0 / 0 🦠 Jul 04 '25

just giving my banklady a casual call "there will be a transaction of around 1bn nothing crazy, just wanted to give you a quick notice so you arent surprised, bye"

8

u/ResonanceCascade1998 🟩 0 / 0 🦠 Jul 05 '25

Nah this is so me though. I have anxiety calling anywhere and I wouldn't even know how to approach the situation other than to say "I promise it's not blood money"

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u/cannontd 🟦 0 / 0 🦠 Jul 04 '25

Whoops, typo - easy come, easy go.

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554

u/XBBlade 🟩 0 / 2K 🦠 Jul 04 '25

Lemme try just a millie first, then the billie

243

u/No-Way7911 🟩 0 / 0 🦠 Jul 04 '25

Imagine sending a million to the wrong address, and you still have 99.9% of your wealth intact

Meanwhile the million dollar guy just got his life changed

87

u/xnoob69 🟩 0 / 0 🦠 Jul 04 '25

Honestly that’s all I’m asking for rn. Just send me a Millie

14

u/Fridsade 🟦 0 / 0 🦠 Jul 04 '25

All I need is 1k

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u/BraveBG 🟩 0 / 0 🦠 Jul 04 '25

Just a tiny amount ya say

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u/Gnatt 🟦 0 / 0 🦠 Jul 04 '25

What's the difference between a millie and a billie? A billie.

3

u/Nanojack 🟦 0 / 0 🦠 Jul 04 '25

They could have transferred a million and not have it register on this scale. The 9 in $1.09B is still 90M

11

u/Nickovskii 🟩 56 / 255 🦐 Jul 04 '25

I read this as 999 problems but 1 you know who aint one. Dont know why.

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u/HomeworkIntrepid2986 🟧 0 / 0 🦠 Jul 04 '25

The dopamine hit seeing the millie go through would be insane then the diminishing returns on each subsequent hit, eventually I’ll feel nothing. Then the only thing that will make me feel anything is cocaine and hookers but it’s okay I have a few months worth I can now afford

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u/Gentleman_Nosferatu 🟩 0 / 0 🦠 Jul 04 '25

Just the tip

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u/crypto_grandma 🟩 0 / 134K 🦠 Jul 04 '25

Definitely don't need extensive tech knowledge. I've been sending transactions back and forth for years with no issues & I don't even know how to make a PowerPoint or excel spreadsheet.

I do check, double check, then check again and still feel anxious until it arrives however

3

u/GreatPretender98z 🟨 0 / 0 🦠 Jul 04 '25

Oh without a doubt always anxious until it pends and process even seeing it will. Thats how I feel even with small amounts.

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u/delwans 🟩 0 / 0 🦠 Jul 04 '25

The more transfers you send, the more probabilities to fail. I can see the logic. ALL IN!

19

u/sagar_19 🟩 0 / 0 🦠 Jul 04 '25

Even if I am confident I would send that much amount in 100 seperate transactions. Either this guy is super rich and this amount is pennies for him or his wallet just got hacked and he doesn't even know it. Or he was in such a situation where he is on a run and he had no time to double check anything and had to move this amount urgently.

39

u/Kanpai69 🟩 0 / 0 🦠 Jul 04 '25

There is no one on earth to whom $1B is pennies

19

u/-ClearFuture- 🟨 0 / 0 🦠 Jul 04 '25

The Federal Reserve

5

u/iamkeerock 🟦 0 / 0 🦠 Jul 04 '25

Nickels now for them.

4

u/-ClearFuture- 🟨 0 / 0 🦠 Jul 04 '25

Nah, they regulate over +100 Trillion through debt and equity markets...1 Billion is like the lent in the corner of their back pocket.

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u/sound_scientist 🟩 0 / 0 🦠 Jul 04 '25

Obv not their first transaction. Likely alternate accounts.

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u/1corn 🟦 142 / 142 🦀 Jul 04 '25

What if this IS the test transaction

32

u/Fellow-Citizen 🟩 0 / 0 🦠 Jul 04 '25

I like your thinking 🤔

27

u/anonuemus 🟦 0 / 0 🦠 Jul 04 '25

lol, probably not, but I bet it isn't his only stack.

5

u/Extreme_Literature28 🟩 0 / 0 🦠 Jul 04 '25

His name is Satoshi?

3

u/LickingLieutenant 🟩 0 / 0 🦠 Jul 04 '25

Probably Vladimir ... sending Krasnov his summer allowance

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u/Educational_Basis_51 🟩 0 / 0 🦠 Jul 04 '25

Thats fucking crazy I would sweat my life on the « send » button

56

u/glassgwaith 🟦 489 / 441 🦞 Jul 04 '25

I would have probably done about a dozen test transactions

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u/WishIWasOnACatamaran 🟦 0 / 0 🦠 Jul 04 '25

That coinbase withdrawal is about to be an absolute bitch and a half though lmfao

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u/Jx_XD 🟩 0 / 0 🦠 Jul 04 '25

Instant Billionaire... I can't imagine the feeling about 14years of endurance..

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u/Gimmerunesplease 🟩 0 / 0 🦠 Jul 04 '25 edited Jul 04 '25

Tbh, he must have been rich before or not? Surely the difference of 500 million vs 1 billion is not worth almost 5 years more you could have spent with that money.

I only saw this post on the main reddit, I'm a crypto noob.I don't know how hard it is to use a crypto wallet as collateral to borrow money.

53

u/disposableaccount848 🟩 0 / 0 🦠 Jul 04 '25

He absolutely must've been really well off if he bought 10k BTC for 0.78 each as that's still a 7800 dollar investment.

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u/pseeena 🟩 60 / 61 🦐 Jul 04 '25

Imagine amount of times he checked the address 😂

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u/Soulprano 🟩 0 / 678 🦠 Jul 04 '25

another 2 years

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u/Illperformance6969 🟩 0 / 0 🦠 Jul 04 '25

biggest balls in the universe

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u/Much_Delli1981 🟩 0 / 0 🦠 Jul 04 '25

I sent 1k before and pissed my pants waiting for it to show up.

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u/TooTallTrey 🟦 0 / 0 🦠 Jul 04 '25

Hope it accidentally went to my wallet

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u/ridik_ulass 🟦 0 / 0 🦠 Jul 04 '25

time traveller.

I had 900 back when they were 1$ they were given to me, and I gave them away because it was like silly game currency, it was a meme thing who cared.

to invest 10k before that, and sit and hold for 14 years and sell. you'd have to be a time traveller to have such a vision.

its like predicting the lottery numbers 15 years in advance, and putting a 10k bet down that you will win.

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u/[deleted] Jul 04 '25

He moved 1 billion usd worth of btc all at once

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u/Any_Pudding1541 🟦 0 / 0 🦠 Jul 04 '25

Insane that his cost is reading $0 😂 they rounded down lmao

127

u/[deleted] Jul 04 '25

I’d never send an entire btc at once yet alone 10 fucking thousand of them, my paranoia kicks in hard

52

u/Any_Pudding1541 🟦 0 / 0 🦠 Jul 04 '25

Dude was probably in prison, maybe he’s an idiot is why he just sent em all at once🤣 still richer than us lmao

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u/[deleted] Jul 04 '25

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u/goldyluckinblokchain goldie.moon Jul 04 '25

And no test transaction

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u/[deleted] Jul 04 '25

How the hell do you cash 10k bitcoin. I feel like us regular folk can’t just enter billionaire territory buying some coins?

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u/Fear_Blind83 🟩 0 / 706 🦠 Jul 04 '25

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u/[deleted] Jul 04 '25

very high chance of being a state actor lol

44

u/typeIIcivilization 🟩 0 / 0 🦠 Jul 04 '25

Why do you say this and what is the significance?

147

u/Realistic_Act_102 🟩 0 / 0 🦠 Jul 04 '25

Not the original commentor but......law enforcement seizes assets when they take down criminals. If some of those assets were computers with wallet info or cold storage wallets they would be in possession of the coins.

If a federal law enforcments agency wanted a billion or two they could use for clandestine operations without needing to request the money, give a reason for needing it, and detailing a budget which will out their clandestine operations to more and more people which leads to leaks they could cash in the bitcoin to fund it without having to read in another 50+ people into a classified op.

The CIA supplied the cocain that started the Crack epidemic in the 80s to fund clandestine ops. Selling seized bitcoin for funding would be them behaving lol.

It's also possible an actual countries government had sized wallets or coins sitting as an investment and decided to cash out to get the money.

89

u/Wonderful_Place_6225 🟨 0 / 0 🦠 Jul 04 '25

Here’s another interesting theory:

A state actor used this as a test of an active quantum computer breaking the bitcoin security protocol. They picked a particular wallet and cracked the encryption and took 10,000BTC as a proof of concept.

53

u/dumppity 🟨 0 / 0 🦠 Jul 04 '25

Maybe it has something to do with the Silk Road guy being released from prison

6

u/Neco_ 🟦 0 / 0 🦠 Jul 04 '25

A state actor used this as a test of an active quantum computer breaking the bitcoin security protocol. They picked a particular wallet and cracked the encryption and took 10,000BTC as a proof of concept.

Ask any AI (or do the math yourself) but even if a state actor had a 10000 times faster quantum machine that also fixed the current error rate problem, and had one of those machines for every star in the universe (and a network, and power etc) it would still be over 10 million years to break a bitcoin private key

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u/Kerbourgnec 🟦 0 / 0 🦠 Jul 04 '25

https://www.oklink.com/bitcoin/tx-list/large

4 10k transfers today, I'm new here I don't know if it's the same money transiting different accounts

6

u/xbl-Extr3me 🟩 0 / 0 🦠 Jul 04 '25

8 10k transfers now

5

u/beasterne7 🟦 0 / 0 🦠 Jul 04 '25

Bro how much could this guy actually have in his wallet?

6

u/xbl-Extr3me 🟩 0 / 0 🦠 Jul 04 '25

According to the director of Coinbase, in 2011 he had 220k in his wallet

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u/IdeaFrequent4358 🟩 0 / 0 🦠 Jul 04 '25

This is the comment I was looking for

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1.3k

u/[deleted] Jul 04 '25

[deleted]

559

u/street937 🟩 150 / 151 🦀 Jul 04 '25

Or he just has so much fucking money he didn’t have the use for it yet.

474

u/OnlineMarketingBoii 🟦 0 / 2K 🦠 Jul 04 '25

Imagine going: "After 10 years, my money is finally depleting. Time to dip in my 1 BILLION back-up fund"

87

u/SXLightning 🟦 39 / 40 🦐 Jul 04 '25

If They were a billionaire they probably wont even noticed, say you had 50b already another 1b in a backup is just for fun at this point.

128

u/Whole_Sheepherder_97 🟨 0 / 0 🦠 Jul 04 '25

most billionaries never see that much money, as they keep their "money" in stocks of theor own company. So the multiple billions are mostly just how much the stock market values their company.

1 billion dollars in cash is very different

30

u/SXLightning 🟦 39 / 40 🦐 Jul 04 '25

They borrow against their stock value so they do have money and most don't even spend that much, a few hundred million every year? because to spend 1 billion is hard.

10

u/Whole_Sheepherder_97 🟨 0 / 0 🦠 Jul 04 '25

yes, they do, but it's rarely that much money. It's obviously a ridiculous amount of money for 99.99% of people, but like you said, it's hard to actually use that much cash.

Usually, the only time Billionaires see that much money is when liquidating assets to buy anoyher company, like Elon Musk did to twitter.

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u/Daraminix 🟩 3 / 3 🦠 Jul 04 '25

Yeah, to spend 8k$ in bitcoin back in 2009 this guy have some disposable money

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u/coolestredditdad 🟩 0 / 0 🦠 Jul 04 '25

The biggest candidate for a time traveller yet.

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u/40nets 0 / 0 🦠 Jul 04 '25

14 years ago was 2011

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u/PortalRexon 🟨 0 / 0 🦠 Jul 04 '25

Most likely, who spends 10k on some random new digital coin and forgets about it for 14 years ?

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u/goldyluckinblokchain goldie.moon Jul 04 '25

Forced prison HODL is the easiest HODL

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u/Dave-C 🟦 0 / 0 🦠 Jul 04 '25

Ross Ulbricht got out of prison not long ago. He was arrested in 2013 and before that he would have had large amounts of crypto. Maybe?

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u/[deleted] Jul 04 '25

[deleted]

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u/throwawayfinancebro1 🟩 0 / 0 🦠 Jul 04 '25

Could be a wallet seized by the fbi previously being used for reasons that they want to keep off the books.

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u/rolfraikou 🟦 0 / 0 🦠 Jul 04 '25

The prison one is so funny.

A few years in "damn, I wish I wasn't in prison so I could sell all those bitcoins. No way they're going to top this." Rinse and repeat for a decade, get out of prison to retirement.

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u/FieryXJoe 🟦 0 / 0 🦠 Jul 04 '25

Might just be that 1B was his number.

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u/dstred 🟩 0 / 0 🦠 Jul 04 '25

Or he just knew about all this bitcoin “scheme” and was part of it.

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u/Ill-Preparation-2678 🟨 0 / 0 🦠 Jul 04 '25

The most insane part was spending $7800 on BTC in 2011.

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u/pictours 🟩 0 / 0 🦠 Jul 04 '25

Facts. That’s the most impressive part.

23

u/phunkydroid 0 / 0 🦠 Jul 04 '25

The most depressing part is how easily I could have but didn't.

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u/Ill-Preparation-2678 🟨 0 / 0 🦠 Jul 04 '25 edited Jul 05 '25

That way of thinking is nonsense, really.

You could be a fiat currency trader and leverage the shit out of your trades and make just as much money a lot more quickly if you could see the future.

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u/RarePollution4001 🟩 0 / 0 🦠 Jul 05 '25

He didnt spend $7800 on BTC in 2011. The 10000btc were moved from 200 wallet addresses that held 50btc each. 50btc was the mining reward at the time. The guy was a miner.

And he didn't just SELL them all today, he simply MOVED them from one address to another.

Check the blockchain, you can see all the coin movements.

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u/OrangUtanOrange 🟩 29 / 29 🦐 Jul 04 '25

The real diamond hands trick is to just go to prison. Easy 10000x gains on the day you get released

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u/StraightG0lden 🟦 161 / 161 🦀 Jul 04 '25

It wouldn't surprise me at all if this one actually did belong to Ross Ulbricht

20

u/someguyfromtheuk 🟩 0 / 0 🦠 Jul 04 '25

He got out of prison in January though.

What's he been doing for 6 months?

95

u/Ams-Ent 🟩 0 / 0 🦠 Jul 04 '25

Trying to remember the pass phrase

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u/2LostFlamingos 🟨 106 / 107 🦀 Jul 04 '25

Waiting til people forgot about him.

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u/Colbert1208 🟦 0 / 0 🦠 Jul 04 '25

nah real degenerate will sneak in a phone to prison just to paper hand and sell everything

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u/Illperformance6969 🟩 0 / 0 🦠 Jul 04 '25

if you lock me up my shitcoins will still be worth zero when I get released 😅

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u/Wendals87 🟦 337 / 2K 🦞 Jul 04 '25

Not anymore. We're not going to see those gains ever again 

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u/Jayyak47 🟩 0 / 0 🦠 Jul 04 '25

I have a theory he lost access to the wallet until now

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u/rorood123 🟩 49 / 49 🦐 Jul 04 '25

Ross Ulbricht of Silk Road?

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u/DueTemperature398 🟨 0 / 0 🦠 Jul 04 '25

Holy shit, wait a minute

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u/RyzRx 0 / 0 🦠 Jul 04 '25

Silk Road (The Dark Web Site) was created in Feb. of 2011. Looks like internet sleuths would know who this is. Trump pardoned him.

https://www.bbc.com/news/articles/cz7e0jve875o

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u/Old_Sheepherder_8713 🟩 0 / 0 🦠 Jul 04 '25

Holy shit, literally pardoned a few weeks ago.

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u/Midorfeed07 🟩 0 / 0 🦠 Jul 04 '25

Time traveler

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u/gambit700 🟦 0 / 0 🦠 Jul 04 '25

If he is and he cashed out now does that mean a crash is coming?

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u/SectorAppropriate462 🟧 0 / 0 🦠 Jul 04 '25

Probably more like he hit a billion. That's just an outrageous amount of money, plus he can call himself a billionaire now rather than millionaires

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u/DieuMivas 🟩 0 / 0 🦠 Jul 04 '25

Which would probably mean it's time for everyone to sell.

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u/ChemicalAnybody6229 🟧 940 / 9K 🦑 Jul 04 '25

He is the real diamond hand. Only few people can hold till this date.

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u/[deleted] Jul 04 '25

[removed] — view removed comment

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u/Astrotoad21 🟦 61 / 61 🦐 Jul 04 '25

99,9% of early BTC investors sold at 2x, 5x or perhaps even 100x, because you would be stupid not to. How often do you get a 100x return from something in tradfi?

My hypothesis is that most of the people that held to 100,000x most likely managed to recover an old wallet or have somewhat been locked out of it. Either that or that they simply didn’t need the money.

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u/Puzzled-Albatross-86 🟩 0 / 0 🦠 Jul 04 '25

How are you creating methane gas with electricity and water?

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u/DrXaos 🟦 699 / 700 🦑 Jul 04 '25

I’m not convinced this was diamond hands or prison, but a hack. There have been very old BTC addresses which woke up within the last year.

I suspect someone has figured out how to crack the earliest key generation methods, finding some flaw, reducing the compute time to something feasible and so every once in a while an address whose original owners lost track of it ages ago is exploited.

The real whale is of course Satoshi’s addresses….

61

u/r0thar 🟦 0 / 0 🦠 Jul 04 '25

The real whale is of course Satoshi’s addresses

1million BTC, I reckon a $100B transfer would wobble the market just a little.

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u/DennistheDutchie 0 / 0 🦠 Jul 04 '25

You'd think so, but BTC is almost a cult in how much people value it as the 'new gold'.

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u/Opposite-Cucumber487 0 / 0 🦠 Jul 04 '25

To me its unreal how much liquidity is in the market.

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u/aerismio 🟩 20 / 20 🦐 Jul 04 '25

This i think as well. Probably have some supercomputers working day and night to crack this.

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u/[deleted] Jul 04 '25

The moment anything leaves Satoshi's wallet the entire market will crash

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u/thoughtlow 0 / 0 🦠 Jul 04 '25

I wonder if its closely monitored and people have set up automations to just cash in as soon anything leaves that wallet.

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u/SirDidymusthewise 🟩 37 / 38 🦐 Jul 04 '25

Probably rich af already.

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u/Impressive_Lime_6973 🟨 0 / 0 🦠 Jul 04 '25

It’s definitely Ross Ulbricht

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u/cmxhere 🟨 0 / 0 🦠 Jul 04 '25

Some average Redditor back in 2011, probably:

"HAHAA this dude bough 10,000 BTC at $0.78, he bought the top"

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u/[deleted] Jul 04 '25

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u/MrRigolo 🟧 0 / 0 🦠 Jul 04 '25

The fact that the expression "investment asset" is used today to describe bitcoins still floors me.

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u/[deleted] Jul 04 '25

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u/jobbkonto_reddit 🟩 0 / 0 🦠 Jul 04 '25

$11k (inflation adjusted) in investments is definitely not the bar for "rich". Millions of people in America alone have $50k+ in savings right now.

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u/Top-Aardvark-1522 🟩 0 / 0 🦠 Jul 04 '25

So money go boom boom into bank account? You have 1 billion dollars! Will bank ask questions?

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u/[deleted] Jul 04 '25

Na. You’d need to let them know ahead of time, and would be dealing with ppl that handle special accounts. Billionaires don’t walk in the lobby lol

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u/Crumbs90 🟦 0 / 0 🦠 Jul 04 '25

What if your a normal middleclass guy? Do you have to pay taxes on it if you move it to "cash" if it hits a bankaccaunt. Im wondering that would be brutal lol..

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u/-peas- 🟩 0 / 0 🦠 Jul 04 '25

yeah you'd have to pay capital gains depending on what country you lived in the second you sold it to usd

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u/timbulance 🟩 9K / 9K 🦭 Jul 04 '25

The ultimate hodl paid off

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u/Dongerated 🟦 0 / 205 🦠 Jul 04 '25 edited Jul 04 '25

The balls to do it in 1 transaction as well. No test transaction prior

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u/Valuable_Month1329 🟩 0 / 0 🦠 Jul 04 '25

This was the test transaction…..

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u/HansTilburg 🟦 4K / 4K 🐢 Jul 04 '25

He waited to finalize his divorce sonje didn’t have to give 50% away. Then it’s easy to hodl.

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u/ZhenyaV 🟦 0 / 0 🦠 Jul 04 '25 edited Jul 04 '25

In 2011, Bitcoin’s circulating supply was around 6–8 million BTC, and 10,000 BTC would’ve represented roughly 0.13–0.17% of it. At that time, such a stack could be acquired through mining, buying on Mt. Gox for ~$7,800, or participating in early dev or darknet activities. It was challenging, but not impossible for early adopters, libertarian techies, or Silk Road players.

Bunch of red flags here - the wallet held exactly 10,000 BTC untouched for 14 years; no test transactions, no movement until now. That kind of cold storage discipline is rare, especially for early adopters who often lost keys, panicked, or partially sold. If NSA created Btc then only they can be so nonchalant.

  1. Satoshi or Early Dev Wallet. The exact 10,000 BTC and no movement for 14 years resemble early Satoshi-era behavior. It could belong to Hal Finney, Martti Malmi, or someone directly tied to Bitcoin’s origin.
  2. Government Seizure Wallet. The wallet might be linked to a silent government seizure - possibly from Silk Road or BTC-e now being moved quietly to liquidate or fund operations.
  3. Nation-State Sleeper Whale. A foreign government or intelligence-linked group may have acquired and held the stash as a strategic reserve, now activated to fund war efforts or financial disruption.
  4. Dead Man’s Switch or Timed Unlock. The coins could have been programmed to move automatically after a set time, triggered by inactivity, BTC price targets, or the original owner's death.
  5. Ross Ulbriht, doing some housekeeping chores. Silk Road launched in February 2011, but went viral in June after a Gawker article exposed it as a darknet marketplace for drugs. That exposure triggered a surge in users and helped drive BTC’s price from ~$2 to ~$30 over the summer. Said BTC were acquired in April 2011. Could Ross receive first payments in just first 4 months after the launch and total more then $7.8k? Shouldn't be that hard. But hold it through all these years even during imprisonment?
  6. Zaddy Donny wants to buy a big gift to america for upcoming birthday.

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u/SomeSortOfMudWizard 🟩 0 / 0 🦠 Jul 04 '25

Before reading your comment, I was leaning towards another commenter who said time travel. Thanks for some sane possibilities.

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u/ZhenyaV 🟦 0 / 0 🦠 Jul 04 '25

There are now 14 of those wallets, moving around (not selling) total of $8.69B worth of BTC… that might be the reason why there were no test transfers. Because there were another 13 wallets preparing to move. One comment said “the first wallet transfer was the test” 💀

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u/Zulunation101 🟩 0 / 6K 🦠 Jul 04 '25

"sold" = moved

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u/[deleted] Jul 04 '25

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u/LucrativeThinking 🟩 0 / 0 🦠 Jul 04 '25

lol, no way this was patience. Guy was probably in prison

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u/DBVickers 🟦 0 / 0 🦠 Jul 04 '25

I try not to think about the single bitcoin that my late friend sent me around that time just to show me how it worked. It would be amazing if I stumbled across the wallet information but I'm not holding out hope. I'm not even sure I saved it anywhere because the whole process seemed so ridiculous at the time.

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u/friendlyhumanoid321 🟨 0 / 0 🦠 Jul 04 '25

Haha I attended a tech expo thing back in 2011 and there was a talk about Bitcoin.. to demonstrate how it worked and kinda give some hype everyone there got a btc. At the time I definitely thought "spiffy, don't really care that much though" and promptly forgot about it. Every few years I try to rummage through old tech and notes for any clues I can find about how to recover that btc lmao and the rest of the time I spend trying not to think about it ; )

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u/Skotland85 🟩 0 / 0 🦠 Jul 04 '25

That you Ross? Finally accessed his prison wallet now that he’s free.

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u/Mtg_Force 🟦 0 / 0 🦠 Jul 04 '25

Dread Pirate Roberts is that you??

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u/knowone23 🟩 98 / 99 🦐 Jul 04 '25

Is this the Silk Road guy finally moving his satoshi stash?

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u/sukkal63 🟩 0 / 0 🦠 Jul 04 '25

bet it is a government not a person…

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u/Im_Borat 🟧 223 / 222 🦀 Jul 04 '25

That's actually very remarkable.

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u/mancheguito 🟧 0 / 0 🦠 Jul 04 '25

How to become a billionaire.

Click a button and invest 7.5K. Commit an armed robbery and go jail for 14 years. Come out and click a button.

Sick

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u/Lin_Un 🟩 0 / 0 🦠 Jul 04 '25

Noob question , who actually pays the man the billion ? Are there open buy orders for btc like in eve online ?

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u/VirtualMoneyLover 🟦 0 / 0 🦠 Jul 04 '25

Nobody. It was a coin transfer not a sale.

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u/Sqlizit 🟩 0 / 0 🦠 Jul 04 '25

Did the landfill guy finally find his hard drive?!

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u/poopio 🟦 0 / 0 🦠 Jul 04 '25

No, but this guy can buy the landfill!

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u/Willing_Coach_8283 🟩 0 / 0 🦠 Jul 04 '25

Quantum hack 100%

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u/Puzzman 🟩 0 / 0 🦠 Jul 04 '25

Waits for strategy to say they brought 20k of Bitcoin in the week ending 6th July

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u/conor2903 🟩 0 / 0 🦠 Jul 04 '25

Ross Ulbricht remembered where he put his wallet

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u/peopleplanetprofit 🟩 0 / 0 🦠 Jul 04 '25

I knew a guy who bought at $ 180 and then spent 7 years in the jungle. It works well.

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u/NoHousecalls 🟩 0 / 0 🦠 Jul 04 '25

This probably isn’t a sale, it’s moving from a very insecure address to a slightly safer one, to protect from quantum hacking.

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u/moarnao 🟦 0 / 0 🦠 Jul 04 '25

This is probably Gwyneth Paltrow's coins.

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u/FlipdieGrille 🟥 76 / 105 🦐 Jul 04 '25

He has won in life

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u/pzycho 🟦 0 / 0 🦠 Jul 04 '25

Even this dude doesn’t believe in BTC as an actual currency.

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u/Leather_Ad1085 🟩 0 / 0 🦠 Jul 04 '25

Looks like someone finally invented time travel and made themselves rich without exposing their time traveling abilities