Sleeping beauty Bitcoin wallets wake up after 14 years to the tune of $2B

Re:Sleeping beauty Bitcoin wallets wake up after 14 years to... by sharperguy on Saturday July 05, 2025 @04:34AM (#44471101)

Explaining bitcoin to someone who has no interest in it is like trying to explain to your mother in law that she should remove windows and switch to linux. From their perspective it just seems unneccesarry and overcomplicated.

[ Parent | on HN ]

Re:Sleeping beauty Bitcoin wallets wake up after 14 years to... by globular-toast on Saturday July 05, 2025 @04:45AM (#44471159)

Unnecessary and overcomplicated? Compared to what? Have you ever taken out a mortgage? Ever tried to send funds overseas? Ever wondered how entire cities are built by the people who run the money?

Does your mother in law know what fractional reserve banking is? A bank run? Can they explain what happened in the 2008 financial crisis? No? They why would they need to know how Bitcoin works beyond just "trust me, it does"?

[ Parent | on HN ]

Re:Sleeping beauty Bitcoin wallets wake up after 14 years to... by FabHK on Saturday July 05, 2025 @07:52AM (#44472115)

No mortgages or funding of productive enterprises in crypto land anyway.

I have sent money overseas, fast, cheap, securely, with fiat.

The externalities of the bad US retail banking system are enormous. First we got PayPal with Thiel and Elon, then crypto. :-/

[ Parent | on HN ]

Re:Sleeping beauty Bitcoin wallets wake up after 14 years to... by sharperguy on Saturday July 05, 2025 @06:01AM (#44471524)

It's not the how but the why. If you know you need bitcoin you know. If everything seems fine without it why would you bother?

[ Parent | on HN ]