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224 sats \ 6 replies \ @elvismercury 10h \ on: Are Some Whales Abandoning Self Custody? bitcoin
I've been wondering about this too. I met a guy who had been into btc pretty early (2015 ish) and had a real job and had bought a lot of it (dunno how much exactly counted as a lot). Contra the usual narrative, he was no steely-eyed god-king with deep principles, he was basically a dipshit who was in the right place/time to strike it big, but less than average success in all other ways.
Anyway, I think: what if that guy had held until now, and found himself with a hundred million dollars on his laptop? What would he do? My first instinct is to think he'd be scared shitless and would move it to Unchained or something. My second thought is that he doesn't have the sense to be scared shitless so maybe he just lets it ride?
But there must be many such examples of way bigger whales than this guy. Remember that Asian hacker guy who had billions worth hid in a big gulp cup or whatever it was?
wonder what made them suspect the big gulp cup lol
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IIRC, it was a popcorn canister.
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💯
Ultimately IRS just raided his residence and found the drive
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Now there's the dog that didn't bark in the night.
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Good point. Maybe I've fallen into the trap of assuming all whales must be intelligent. Dumb luck often beats smarts.
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was he using coinbase?
Coinbase suspended me in late 2015
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