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Neovim have a ~$800k Bitcoin donation sitting untouched since 2023

320 points · 277 comments · jakemanger

seymon · 1789644245 · focus · HN ↗
I hope they still have the private key.
1. osigurdson · 1789648222 · focus · HN ↗
  It is an interesting fact about Bitcoin in general. There are 21M tokens in total AND some percentage are lost every year. Run this simulation long enough and there will be very few active Bitcoins remaining.
  1. Roark66 · 1789649066 · focus · HN ↗
    Seems pretty silly to build in deflation into a currency. It incentivises putting your money in a mattress for 100 years.
    benenrjdnz · 1789649507 · focus · HN ↗
    Deflation is a good thing, it rewards delayed gratification. Those evil Keynesians have convinced the world a little bit of inflation is good. It isn’t. Losing purchasing power on your money is a bug.
    Nothing wrong with putting money under a mattress for 100y if the value of money is not evaporating.
    For most of human history the money was stable. It’s the disasters of 20th century wars that eroded the value, and 21st century lack of monetary discipline that keeps driving it down now.
    pjc50 · 1789651659 · focus · HN ↗
    > Losing purchasing power on your money is a bug.
    The idea that you can put away an amount of money under your bed that buys 1,000 loaves of bread or one GPU, leave it there for decades, and then have it buy exactly the same number of loaves of bread or GPUs is a fantasy. You can hold onto the shiny rock but you cannot stop the world rotating around you and changing all its relative prices.
    > For most of human history the money was stable
    Achieved by a combination of restrictions on trade, price stability laws, occasional crippling shortages, and quietly shaving bits off old coins. A much poorer world.
    jcbrand · 1789653435 · focus · HN ↗
    Except that this is literally what Gold does.
    The ratio of one ounce of gold to one productive beef cow has held for a hundred years, and plausibly for around 5,000 years.
    A single ounce of gold could purchase a quality tunic, sandals, and belt in Ancient Rome and still buys a fine tailored suit in the modern era.
    <a href="https://findbullionprices.com/blog/gold-purchasing-power-what-one-ounce-buys/" rel="nofollow">https://findbullionprices.com/blog/gold-purchasing-power-wha...
    pjc50 · 1789656770 · focus · HN ↗
    This would be more convincing if it wasn't from a site trying to sell me gold. Do people really believe that the mechanization of clothing production in the industrial era has made no difference to "real" prices?
    (Rome definitely had inflation crises!)

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