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April 11, 2013, 11:52:11 PM |
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Q:So what can you tell us about the events in April 2013?
A:Well, as some know I had several millions of Bitcoins from the very get go, when they cost me 0.00001 of ... nothing, really. I didn't know what to do with it, I just kept them.
Then Mt.Gox guys came to Japan and they wanted to start an exchange. They told me they think they can sell a lot of it, but they needed a source of a decent quantity of BTCs, for a good upfront price.
So we made a deal.
I would give them a million of BTCs, but in exchange they had to guarantee me that, when I decide to sell another part of my stash, they would honor my request, whatever the quantity it is and whatever the market price is at that time.
I mean, I didn't want to sell just so that they can turn around, sell them for a much better price and get filthy rich from my hard work.
And then it happened. I swear I didn't expect it to skyrocket! Not so fast anyway. So I had these issues: a) - people obviously wanted my BitCoins and I still had a good chunk of them. How was I to distribute my BitCoins to the people? b) - market needed a correction. A price had to stabilize. Somebody had to teach the kids that it is not real life. How was I to do that? c) - all these morons were making money, hand over fist, all from the fruits of my labor. I mean, if you think that I was greedy what would you think if I waited until the coin was, like, $1,000 USD? So you see, I had to do it. For the good of the people and for my own good.
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