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

320 points · 277 comments · jakemanger

  1. colesantiago · · focus · HN ↗

    [dead]

    1. AIiscoming · · focus · HN ↗
      True and its also not compareable to gold.

      But as long as others giving you real money for this garbage, it would be better to use it for a project like neovim :)

      1. colesantiago · · focus · HN ↗
        A dead wallet has better use for Bitcoin though.

        We don't know where the Bitcoin has come from, so it needs to go through extensive anti money laundering checks.

        Save the hassle of all of that taxes, accountancy and just send everything to a dead wallet.

        1. done_lurking · · focus · HN ↗
          In what country does a bitcoin donation need to go through an "anti money laundering check"? Also, you could pay a lawyer 100k to handle the taxes and accounting and you would still have 700k left over.
          1. colesantiago · · focus · HN ↗
            Any country which bans Monero and their mixers being sent to exchanges which are then flagged by OFAC on tainted cryptocurrencies.

            Nah, you would have a lot more to pay in taxes.

            Might as well send it to a dead wallet, it's not real money anyway in many countries as legal tender.

            1. done_lurking · · focus · HN ↗
              As I understand, those legislations are imposed on the exchanges, not the individual. The Neovim team doesn't have to do any extra work to verify the integrity of the bitcoin.

              You're right about the taxes, but even after taxes it would still be more than worth your time to exchange for fiat.

              Bitcoin is not real money nor legal tender in any country AFAIK, but I don't see how that makes it worthless. You could say the same thing about almost anything that isn't fiat, yet people liquidate non-fiat assets into fiat all the time. I'm not sure how you came to the conclusion that it should all be sent to a dead wallet.

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