A Redditor Predicted Bitcoin's Growth 4 Years Ago With Scary Predictions for the Future
The meteoric ascent of Bitcoin has brought forth a lot of stories and anecdotal tales about people who could have been millionaires if they could only foresee the ascension of the world'southward favorite cryptocurrency. From the guy who paid 10,000 Bitcoins for ii pizzas every bit a joke back in May 2010, to the man who threw away his difficult drive filled with millions of dollars worth of the cryptocurrency, the cyberspace is replete with stories of then near yet so far. That's because most people who were mining Bitcoins in its early days were doing it for fun rather than ever because information technology as a serious investment. One person, however, tin claim that he knew about the rise and rise of Bitcoin.
The Prophecy
It was back in August 2013 that a Redditor who goes by the username Luka_Magnotta, made a serial of very specific predictions about the toll of Bitcoin including the assertion that information technology will hitting the $10,000 mark in 2017. In fact, he tipped Bitcoin to go even higher in the coming years, hitting $100,000 in 2019 and $1,000,000 in 2021. While it remains to exist seen if the latter part of his prophecy will also come up true, wait till you hear his elaborate reasoning for his wild claims. According to him,
On average, every twelvemonth then far, the value of Bitcoin has increased by about a factor ten. From 0.one dollar in 2010, to 1 dollar in 2011, to x dollar in 2012, to 100 dollar in 2013. From now on, there'due south a slight slowdown, as the value increased by a factor ten every two years, to 1,000 dollar in 2015, to 10,000 in 2017, 100,000 in 2019, and i,000,000 in 2021.
And then how did Luke_Mendonka, or whatever his real proper noun is, know exactly how and when Bitcoin will scale these peaks? Is he a 21st-century Nostradamus or just a lucky punter? Tin he see the future or is he but one more Bitcoin speculator who got lucky with his random prediction? None of the higher up, if you ask him. That'southward because he claims to be – wait for this – a time traveler from 2025 who came dorsum to 2013 to warn people about the futurity that lay in store for them.
A Time Traveler? Pray Tell Me More
Mendonka also made some very dark doomsday predictions about a time when the world will be divided betwixt people who ain Bitcoins and those who don't. According to him, though, he wasn't so much making a prediction as informing the blissfully-unaware residents of 2013 about the 'reality' of a dystopian future when the rich lived in "isolated gated cities called Citadels (that) are born out of the fortification used to protect places where Bitcoin mining machines are located".
He too claimed that a pocket-sized-fourth dimension cryptocurrency mining company called ASICminer had turned into a self-contained city ruled by 'male monarch' who he referred to as "Mr. Friedman" in an apparent reference to Noble Prize winning economist, Milton Friedman, who had originally predicted the phenomenon of cryptocurrencies way dorsum in 1999. He goes on to pigment the image of a post-apocalyptic earth where despots, terrorists and corrupt plutocrats are ruling the roost with stacks full of Bitcoins at their disposal, while ordinary folks are struggling to eke out an existence.
According to Luka, with a global population of over 7 billion and just over 19 million Bitcoins in circulation, each person on the planet is worth only nether 0.003 bitcoin on an average, although, "due to the unequal distribution of wealth in my world, the mean person owns simply 0.001 bitcoin". He goes on to describe in graphic item situations that can exist straight out of the next installment of Hunger Games, and ends his post with a plea to "destroy this godforsaken project in its infancy" because instead of eliminating the "central banking cartel" that controls global economies, the ascent of digital currencies plain wrecked the very foundation of human culture that we know today.
A Troll With a Creative Listen and a Nighttime Sense of Humor
Eloquent and entertaining as Mendonka's mail is, about of usa volition appreciate that just near all of information technology is the result of a very fertile imagination more than anything else. While the jury is still out on whether Bitcoin will ever scale the heights predicted by him, I think it's fair to say that he's neither a fortune-teller with extra-human premonition nor a fourth dimension-traveler from the future trying to warn united states about a dystopian earth that lies in our future. A troll with a very active imagination and a knack for story-telling, he's only the sort of guy yous'll want effectually campfires on common cold, dark nights, only don't tell me that I didn't warn you almost his dark sense of sense of humour.
Source: https://beebom.com/redditor-predicted-bitcoin-growth-4-years-ago/
Posted by: schaferspern1991.blogspot.com
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