Peter Todd has gone underground after an HBO documentary named him as the creator of Bitcoin, Satoshi Nakamoto, whose real identity has long remained a mystery.
Yes but having billions in Bitcoin more closely resembles having billions in cash than billions in stocks / other assets which are harder to steal and get away with.
Ironically, that’s the kind of “issue” you need trustworthy banks for. The thing crypto was meant to replace. But none of the crypto exchanges that exist are trustworthy enough
Yes but having billions in Bitcoin more closely resembles having billions in cash than billions in stocks / other assets which are harder to steal and get away with.
Yup, if you robbed Elon Musk you’d just walk away with some IOUs that might be worth millions… and also billions in Twitter debt.
The actual Satoshi has billions in untraceable cash equivalents that already happen to be in a currency that drug lords like dealing in.
Ironically, that’s the kind of “issue” you need trustworthy banks for. The thing crypto was meant to replace. But none of the crypto exchanges that exist are trustworthy enough
I still don’t understand why crypto exchanges exist is an unregulated, decentralized currency, wouldn’t an exchange remove part of those benefits?
yes!