Yes, and our friend Pomp left this delightful message on Twitter to mark his passing.
> Mircea Popescu, a Bitcoin OG, has passed away. He likely owned quite a bit of bitcoin. We may never know how much or if they are lost forever, but reminds me Satoshi said: "Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone."
Disgusting. [Edit] To be clear I'm reacting negatively to his choice of framing Micrea's passing in terms of his own enrichment, not quibbling with the mechanics. I've nothing against the idea that supply going down would benefit the community, just the way Pomp chose to address Micrea's passing. I suspect Pomp realized the optics himself as he has since deleted the tweet.
> Mircea Popescu, a Bitcoin OG, has passed away. He likely owned quite a bit of bitcoin. We may never know how much or if they are lost forever, but reminds me Satoshi said: "Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone."
So, people are literally betting on the deaths of other Bitcoin holders? Is this supposed to be a joke? If there was a Bitcoin nation then it would execute its richest members...
You follow bitcoiners on twitter? That’s interesting
I would have assumed you had completely segregated yourself from them
Yeah I also believe the coins are lost and the principles of scarcity do apply, this is acknowledgeable with more tact than what Pomp chose to say, its an assumption that can just go unsaid
Many people die intestate every year and the state takes their net worth. That money, in many ways is a donation to everyone, since it marginally reduces overall tax burden.
arcticbull|4 years ago
> Mircea Popescu, a Bitcoin OG, has passed away. He likely owned quite a bit of bitcoin. We may never know how much or if they are lost forever, but reminds me Satoshi said: "Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone."
Disgusting. [Edit] To be clear I'm reacting negatively to his choice of framing Micrea's passing in terms of his own enrichment, not quibbling with the mechanics. I've nothing against the idea that supply going down would benefit the community, just the way Pomp chose to address Micrea's passing. I suspect Pomp realized the optics himself as he has since deleted the tweet.
ur-whale|4 years ago
Weird to hear you say this. Many of your HN comments on Bitcoin demonstrate a rather collectivist take on crypto.
Yet this feature of Bitcoin (lost Bitcoin are effectively fairly shared among all participants) is probably the most "fair" feature of the system.
It'd sure help if you gave some sort of rationale.
imtringued|4 years ago
So, people are literally betting on the deaths of other Bitcoin holders? Is this supposed to be a joke? If there was a Bitcoin nation then it would execute its richest members...
vmception|4 years ago
I would have assumed you had completely segregated yourself from them
Yeah I also believe the coins are lost and the principles of scarcity do apply, this is acknowledgeable with more tact than what Pomp chose to say, its an assumption that can just go unsaid
nly|4 years ago