Michael Terpin

So it takes legions of dedicated math processors all strung together.

And so the difficulty level in Bitcoin, which is how hard it was to go and get a new Bitcoin, for the first year and a half was one.

So again, you were getting it at the Mark Carr Palace, just turn on a laptop and get 200,000 Bitcoin if you had 30 computers running.

And so there were other people who had multiple computers running.

And a lot of those people are, we think Bitcoin had never moved.

So these are multi-billionaires.

I mean, obviously the person who just sold 80,000 Bitcoin a couple of weeks ago, $9 billion, had never moved it since he mined it in 2010.

And it was 10,000 here, 10,000 here, 10,000 here, 10,000 here.

How many other 10,000 Bitcoin wallets does he have?

Nobody knows who it is.

That's crazy.

Including the tax authorities.

I'm sure they're going to probably look for it now.

No.

So again, for about a year and a half, it was difficulty level one, which you could do on a laptop.

And then what made the...

the difficulty increase was the same guy who basically was responsible for the Bitcoin pizza, Laszlo Hanec, who was a gamer, a 19-year-old gamer in Jacksonville, Florida.

He figured out how to take one of his gaming cards and mine Bitcoin with it.

And he got much better, you know, throughput, right?

I mean, a GPU is more powerful than a CPU.