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Author Topic: Anyone know what happened to knightmb and his 371,000 BTC?  (Read 73655 times)
Soepkip
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May 19, 2011, 06:53:48 PM
 #141

Wow dude.

If I where you. I'd sell 1000 BTC every month for that current prize and fuck my day job. I'd happily pay taxes on that and life my life for the next 31 years in peace and riches..

I'd just set up some company that makes 7k profit a month, pay taxes and be left with 3.5k every darn month. Easiest job ever. And who knows, by the time your 31 years older those last 1000 BTC's are worth 10000$ each.

Say worth of BTC doubles every year. 7, 14, 21, ... 7.5 billion a coin. Meh. That won't happen :') But still :p

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bitcool
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May 20, 2011, 12:25:44 AM
 #142

BitCoins 'mined' with your computer are a little harder, and I don't think there's good indication here as to what they are, or if they should be taxed yet -- do you have to pay taxes on a piece of art you made, and haven't sold yet? (The answer is no, even if your paintings are worth millions). In any event, I think it unlikely that BTC mined will be reported and taxable in the near future for a combination of reporting and other reasons.
Mining is a hobby for many miners, and that is treated very differently from a business.
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May 20, 2011, 12:38:42 AM
 #143

Wow dude.

If I where you. I'd sell 1000 BTC every month for that current prize and fuck my day job. I'd happily pay taxes on that and life my life for the next 31 years in peace and riches..

I'd just set up some company that makes 7k profit a month, pay taxes and be left with 3.5k every darn month. Easiest job ever. And who knows, by the time your 31 years older those last 1000 BTC's are worth 10000$ each.

Say worth of BTC doubles every year. 7, 14, 21, ... 7.5 billion a coin. Meh. That won't happen :') But still :p

This sounds terrible.

I would pay whatever was required to have all my needs met for bitcoin directly. I bet it would be easy and hardly cost extra in about 3 months. To never touch another dollar would be sweet.

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ryepdx
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May 20, 2011, 12:52:47 AM
 #144

If I where you. I'd sell 1000 BTC every month for that current prize and fuck my day job. I'd happily pay taxes on that and life my life for the next 31 years in peace and riches..

This sounds terrible.

I would pay whatever was required to have all my needs met for bitcoin directly. I bet it would be easy and hardly cost extra in about 3 months. To never touch another dollar would be sweet.

+1

Bitcoin is not a get-rich-quick scheme. The end goal of bitcoin is to create a self-contained economy.
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May 20, 2011, 12:53:27 AM
 #145

Wow dude.

If I where you. I'd sell 1000 BTC every month for that current prize and fuck my day job. I'd happily pay taxes on that and life my life for the next 31 years in peace and riches..


I would sell the 1000 BTC a month as well as that would not effect the volume at mtgox substantially as 1 million were traded last month.  But I would keep my day job and bank the money in stocks, real estate and gold.  If bitcoin continued at similar prices after a few years THEN I would consider retiring.
 

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May 20, 2011, 09:48:19 AM
 #146

I would have to agree that knight would be a fool to leave all his gains unrealized when bitcoin is so vulnerable to threats from USG.
He'd also be a fool to talk about realizing gains on a public forum.
molecular
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May 22, 2011, 03:35:43 PM
 #147

If I where you. I'd sell 1000 BTC every month for that current prize and fuck my day job. I'd happily pay taxes on that and life my life for the next 31 years in peace and riches..

This sounds terrible.

I would pay whatever was required to have all my needs met for bitcoin directly. I bet it would be easy and hardly cost extra in about 3 months. To never touch another dollar would be sweet.

+1

Bitcoin is not a get-rich-quick scheme. The end goal of bitcoin is to create a self-contained economy.

Why so modest? Let's make it the most trusted global currency.

Of course I agree having even a small economy is a step in the right direction Wink

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Soepkip
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June 03, 2011, 11:53:09 PM
 #148

Holy,

How does it feel to be worth 5.3 million $ :p ?

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Freakin
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June 04, 2011, 12:37:52 AM
 #149

A better question is

What is is like to make $1.5M in a single day without doing anything?

This is a truly awesome BTC story
airdata
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June 04, 2011, 03:57:50 AM
 #150

371,000?

Surely you can spare this not so wealthy first time father a couple hundred coins?

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June 04, 2011, 04:28:19 AM
 #151

knightmb, you should use a portion of your fortune to make a big time transaction.  Maybe buy a Tesla Roadster.  Maybe you could talk to Elon Musk directly about it.  I mean hey you've got 5 million right now and the sky is the limit.  Some big purchase would get lots of attention.  You'll probably be a billionaire within the year.

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Littleshop
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June 04, 2011, 04:46:14 AM
 #152

knightmb, you should use a portion of your fortune to make a big time transaction.  Maybe buy a Tesla Roadster.  Maybe you could talk to Elon Musk directly about it.  I mean hey you've got 5 million right now and the sky is the limit.  Some big purchase would get lots of attention.  You'll probably be a billionaire within the year.

He might not want that kind of attention though I love the idea and love the Tesla.  I wish I had one!

Today, besides bitcoin.....  Real estate is a steal in many places.   That is what I would buy.  Not lots.  Just some cherry picked good deals. 


jhansen858
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June 04, 2011, 05:23:02 AM
 #153

Hey now your worth $5 million...

Hi forum: 1DDpiEt36VTJsiJunyBc3XtG6CcSAnsQ4p
Soepkip
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June 04, 2011, 10:51:42 AM
 #154

And today you are worth 6.3 million. Fuck. He earns 1 million $'s in one day :p

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stic.man
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June 04, 2011, 12:16:35 PM
 #155

well, his last 360K coins or so would get him $0 if he sold it all in one fell swoop but yeah kind of
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June 08, 2011, 02:51:29 AM
 #156

approaching $10m, good sir!
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June 08, 2011, 04:30:02 AM
 #157

...and hit it a few hours later...
Litt
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June 08, 2011, 05:07:58 AM
 #158

who is this guy and will he pls stand up!  Lips sealed
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June 08, 2011, 07:39:45 AM
 #159

if he's smart he's destroyed all evidence linking him to his online persona.
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June 09, 2011, 03:51:15 AM
 #160

knightmb is either scared for his life right now, hired a top-notch security crew/bodyguard(s), or fled the country with backup encrypted flash drives.  Who knows, maybe he bought an island and named it Bitcoin Island  Grin

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