Jeff Garzik's Bitcoin Balance Revealed

[johnyj]

Considering that Jesus Christ was sold at a price of 30 peices of silver, Jeff have a much better standing than Jesus

Architectures made the world and bankers bought it all, hope that bitcoin will change this

[ThomasCrowne]

Wouldnt exactly call 348 bitcoins small potatoes!  Way to go Jeff!  In time maybe he'll be able to afford putting his very own custom satellites up in orbit.

[juju]

Maybe it means he has converted most his coins into Fiat in preparation of a significant price drop he believes is coming, so he can get more coins during the next dip.

[haploid23]

It's gotta be 348,000 btc, because 348btc is chump change amongst the big names, that's nothing to brag about. For being a core developer, those days you can get hundreds to thousands of btcs per day back when only a handful of people were mining/testing the technology. Why do you think pizza was 10,000 btc back then?

[TheButterZone]

It's gotta be 348,000 btc

No. https://twitter.com/jgarzik/status/480477929160208384

[bryant.coleman]

What happened to his plan to launch Bitcoin satelites in to space? (It was a partnership between the Dunvegan Space Systems, owned by him and Deep Space Industries Inc.)  I think he spent a lot of his coins in this project.

[S4VV4S]

Guys 348 coins is a little over $200K.

I don't consider that a small amount.

On a side note, 348 coins is about 346.131721 more coins than mine 

Yeah I would say 348 coins is a good amount....

[BldSwtTrs]

Peter Todd also said he sold half of his bitcoins when Ghash hashrate hit 51% for 5 fiat figures. So basically he had max 315 BTC and now only max 157 BTC.

[Beliathon]

Surprisingly small amount.

If he holds for a while they may be worth a lot more however.

Definitely anyone with this kind of BTC is really blessed.

He's set for life with 350 BTC.

You'll be set for life with 50 BTC. If you can hold onto it long enough, you'll be set for life with 5 BTC.

[S4VV4S]

Surprisingly small amount.

If he holds for a while they may be worth a lot more however.

Definitely anyone with this kind of BTC is really blessed.

He's set for life with 350 BTC.

You'll be set for life with 50 BTC. If you can hold onto it long enough, you'll be set for life with 5 BTC.

+1000000000000000000000000000000000000

[bryant.coleman]

Peter Todd also said he sold half of his bitcoins when Ghash hashrate hit 51% for 5 fiat figures. So basically he had max 315 BTC and now only max 157 BTC.

And he will be cursing this when Bitcoin hits $10K after 2-3 years. BTW... from where did you got that BTC315 figure? Did Peter Todd announced that he had that many Bitcoins?

[S4VV4S]

Peter Todd also said he sold half of his bitcoins when Ghash hashrate hit 51% for 5 fiat figures. So basically he had max 315 BTC and now only max 157 BTC.

And he will be cursing this when Bitcoin hits $10K after 2-3 years. BTW... from where did you got that BTC315 figure? Did Peter Todd announced that he had that many Bitcoins?

Peter said he sold half his coins for 5 figures - e.g: 20,000

[bryant.coleman]

Peter said he sold half his coins for 5 figures - e.g: 20,000

So it could be anywhere from $10,000 to $99,999. At today's exchange rates, the range will be BTC16.75 to BTC167.50. So his total stash could have been BTC33.5 to BTC335.  

BTW, which exchange he used?

[Dr. Pepper]

What happened to his plan to launch Bitcoin satelites in to space? (It was a partnership between the Dunvegan Space Systems, owned by him and Deep Space Industries Inc.)  I think he spent a lot of his coins in this project.

Check his last posts on here. I saw that he'd just mentioned it.

[bitsmichel]

That said he still has a lot more than me less than I expected but 348*600 = 208,000
Enough to purchase a small house at least.

Depends on the market price, if bitcoin would be worth $10.000 in the future he'd have 3.480.000

On the side note,  https://twitter.com/_Magicaltux/status/480463347050373120

[S4VV4S]

Peter said he sold half his coins for 5 figures - e.g: 20,000

So it could be anywhere from $10,000 to $99,999. At today's exchange rates, the range will be BTC16.75 to BTC167.50. So his total stash could have been BTC33.5 to BTC335.  

BTW, which exchange he used?

True.

I don't know which exchange.
Maybe it was a private sale?

[LiteCoinGuy]

He confirmed to me, it's 348 bitcoins.

https://twitter.com/jgarzik/status/480477929160208384

Damn, I was really thinking he got 348k  

348? ....hmm okay

JEFF are you crazy? why only 348  ?

[Cryptopher]

348.006 or 348,006 ?
 

I have the same question, 348000 bitcoins or 348 bitcoins?

His later response suggests that it is 348 bitcoins:

Jeff Garzik ‏@jgarzik  20h
@CryptoWars Everyone I meet assumes I'm a gazillionaire with thousands upon thousands of BTC.

Unless he means that he isn't a gazillionaire, but still has thousands upon thousands of BTC haha.

[pedrog]

Still a pretty good amount.

[rext]

agreed.