Michael Terpin
đ€ SpeakerAppearances Over Time
Podcast Appearances
Mm-hmm.
And so all of a sudden he was getting tons of Bitcoin.
He was like solving the math problem quickest because he had his stronger processor.
So if all of a sudden the math problem is really easy and boom, he gets it first, right?
And so that ended up triggering the algorithm to go, oh, we need to double the difficulty to level two.
A month later, it went to level three, triple the difficulty.
A month after that, it was five.
Five X the difficulty.
A month after that, it was eight.
During this rapid run-up, Satoshi emailed him and said, I know I can't stop you, but we're not supposed to increase the difficulty this early before people know about Bitcoin.
And of course, Laszlo didn't stop.
He ended up mining over 100,000 Bitcoin.
That's the guy that bought 10,000 pizza for, I mean, sorry, two pizzas for 10,000 Bitcoin.
He's not doing fine because he sold all of his Bitcoin.
He bought pizza a few more times.
And then when it got to about a dollar, he ended up buying a computer.
No way.
There's no Bitcoin left.
So it depends what you believe.
Satoshi sort of disappeared from public view around the time that one of his core devs, Gavin Anderson, went and did a presentation to the CIA because they asked.