Comment by SXX

8 days ago

Imagine mafia knocking on your door and putting a gun to your head because some journalist figured out you are secret billionare.

Not cool?

8 comments

SXX

Reply
ghaff  8 days ago

How is it different from all the non-secret billionaires to say nothing of all the people with 100s of millions?

  • SXX  8 days ago

    You really dont get it? Because real billionares have the money and you dont.

    Journalists just told everyone you are billionare, but you're just average SWE on $120k / year and absolutely no money for hiring small army of guards. Neither your own government agencies keep your back protected like they do for usual high profile people.

    Now go find a proof for mafia that you are not in fact have a billion bucks on USD stick.

    This has happened in this Satoshi hunt multiple times already. I mean finding that some random crypto related SWE is Satoshi when they are not.

    • InitialLastName  7 days ago

      > you're just average SWE on $120k / year and absolutely no money for hiring small army of guards

      FWIW, in this instance Adam Back is also a non-secret billionaire, mostly from his public involvement in a number of ventures within the Bitcoin ecosystem. The difference is closer to 1 order of magnitude than the 4 you're proposing.

      1 reply →

  • entropyneur  8 days ago

    Satoshi is a paper billionaire - he can't use a small fraction of his "wealth" to hire proper security. Simultaneously his "assets" are much more attractive to criminals. Imagine holding a regular billionaire hostage and demanding they give you a billion dollars. They'd probably have to sell 1B worth of stock, then convert it to cash (or crypto), etc. all of that requiring multiple interactions with different people and institutions.

    • socialcommenter  7 days ago

      Heisting multiple billions worth of crypto would have the same issues, just to a smaller degree. If that much illicit money is on the line, `mJurisdiction` which normally looks the other way might be tempted to investigate and confiscate it for their own benefit.

      They also can't easily sell that amount quickly without repercussions (and without another institution like an exchange).

      You're right, but only to a limited degree.

  • frogulis  8 days ago

    Even if you put a gun to Bill Gates' head, signing over all his wealth to you would still require a lengthy process, not just handing over some keys.