Justin Drake

speaker

648 appearances 1 recordings 1 series first heard Mar 2026 last heard 23 Mar

Justin Drake’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 1 in all, peaking in Mar 2026 with 1.

Appearances

newest first · ▶ plays the moment

Bankless · Ethereum’s Quantum Strategy with Justin Drake · 23 Mar 2026 podcast

Yeah, so there's this web page called the Risk Lisk.

It's spelled with a Q instead of a C by this company called Project 11, where they have this dashboard that gives you a live view of vulnerable addresses.

And I believe it's on the order of 35%.

35% of Bitcoins?

Yes.

So millions of Bitcoin, let's say six or seven million, something like that.

Yeah, that's hundreds of billions of dollars.

And you're right that it does include the 1 million, roughly 1 million BTC that Satoshi holds.

Now, one of the interesting features of Satoshi's BTC is that they're all of increments of 50 Bitcoin, because basically that was the rewards that you would get.

And he would use a fresh address every time he mined.

That's how the default software was programmed back then.

And if it takes, let's say, a day,

or even let's say 10 minutes, you know, to hack one pub key, you will see Satoshi's coins being drained at roughly the same rate that they were mined back then, you know, once every 10 minutes or so.

So it will be a process that will be extended through time.

And one interesting consequence is that if you're a small fish and you have like significantly less than 50 bitcoins worth in your address, then you're fine.

You're kind of shielded by Satoshi.

Yes, exactly.

Yeah.

So the rough number that I have in mind is in line with those that were shared.

It's 2 million Bitcoin, which let's say is 10%.

Showing 121–140 of 648 · page 7 of 33