• 9point6@lemmy.world
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      7 days ago

      He potentially has billions of dollars in bitcoin

      Bad people do bad things for big sums of money

        • Dasus@lemmy.world
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          7 days ago

          You can’t torture the money away from most billionaires. Someone who has most of their wealth in Bitcoin theoretically could have that happen to them.

          And after stealing the money, there’s not that much chance of getting caught, unlike if you just tried putting billions into your regular ass bank account.

        • NotMyOldRedditName@lemmy.world
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          7 days ago

          Other billionaires also have security. The accused people who aren’t really Satoshi likely don’t have the means to properly protect themselves the same way.

          • xmunk@sh.itjust.works
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            7 days ago

            Yea - Taylor Swift, as an example, has serious security around her due to her wealth and also the personal threats she’s received… that doesn’t come cheap.

        • Aurenkin@sh.itjust.works
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          7 days ago

          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.

          • xmunk@sh.itjust.works
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            7 days ago

            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.

          • itslilith@lemmy.blahaj.zone
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            7 days ago

            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

        • Kecessa@sh.itjust.works
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          7 days ago

          Satoshi could liquidate 4.76% of all the bitcoins that will ever exist, that would wipe the crypto market and potentially bring the stock market along for a very bumpy ride, wipe a ton of money in pension funds and so on.

          The fact that one person owns that much Bitcoin should worry anyone who is invested in it.