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Author Topic: Anyone know what happened to knightmb and his 371,000 BTC?  (Read 73647 times)
Oldminer
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June 09, 2011, 05:06:13 AM
 #161

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

This ^^

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JeanLucPicard
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June 09, 2011, 05:55:20 AM
 #162

Oh, I'm still alive and kicking.  Grin

Yeah, still have them, though like was said, it would not be possible to sell them all at once and become an instant millionaire.  No one is going to buy that many at once. I have kept my client running 24/7 since then though, managed to generate a bit more before the collective mining groups took over  Wink

Without the massive server farm I had going before, I'm just down to my personal desktop, so it's never gotten over the 371k since.

I do keep many, many backups though just in case  Cool

In my view, you'll be a multi-millionaire in about 20+ years, if it all goes according to 'plan'... not before.
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June 09, 2011, 10:13:07 AM
 #163

Dude,

Spend it !
Keeping money only gives you more headaches...
Take the family for a trip around the world have a good time.
Convert the money into fun experience and good for others.
When nothing is left, the experiences and good feelings remain - and no one can/will sue you for those (especially if you are broke and back to where you were 2 years ago).
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June 09, 2011, 12:39:28 PM
 #164

Or form a foundation which owns a bunch of offshore companies and cook island trusts which own bitcoins and bitcoin funded businesses.

Nobody can take those money than BK or not.

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June 09, 2011, 02:14:16 PM
 #165

Think of all the sockless children you could outfit in a new pair of Alpaca wools!!
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June 09, 2011, 03:52:37 PM
 #166

I agree that people should use some of them to buy tangible things.  If the market (btc or USD or any market) crashes, then they can't take away your house if it's paid for, your car, etc, etc.
 
I'm not saying spend a ton, just whatever your comfortable with. 
 
If I was sitting on 300k btc, I'd totally buy a boat Smiley

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June 09, 2011, 04:10:54 PM
 #167

I think he can take out about 50.000$ a day without crashing the market. Would last him 8-9 months, a good timeline to liquidate and after that just live your life to the fullest as a multimillionaire Smiley

Too bad for all the poor souls ending up with worthless bits. Meh, just feed some hungry African children, those fat capitalistic geeks had it to good anyway. The Bitcoin Robin Hood !
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June 11, 2011, 08:15:01 PM
 #168

Folks like knightmb are actually the kind of people I'd love to hear most about.

The ones who were there, whether out of cleverness or idealism, when it all was still < 1$ stuff and a day of CPU cycles netted you double digits of BTC.

They are very much like lottery winners, but with a twist.
Basically they have been given immense opportunity to be "someone else" simply for "having been there" (sponsored by anyone gullible enough to help drive prices up hundredfold since then), and I have always been curious about the giant "what if" of money vs no money plus people.

These are the real stories imho. Not blah will regulators shut it down, blubb how high can we go, blerp bubblecrashworldrevolutionwhatevs.


More of these individuals should come forward and put forth their stories, be it here or on IAMA(BTC millionaire, e.g.) / reddit or something.

knightmb, congrats.
You have my best of well-wishes. I hope you manage to create as much real cash and accordingly cool real life experience out of this as at all possible.

Ho-Hum.
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June 18, 2011, 04:09:22 PM
 #169

haha knightmb,

you were very lucky and still are. know what? i would be very happy about 10k btc.
and because you really are not happier with 371k then with 361k (you know it!), you should really send 10k btc to me at 1AWqSp8zh1BPYaN96UE8KxLzKg7Kd9SoTn Smiley

I don't expect anything, but I am listening at 18WN5YRGaBKGPus4n8QHuF7YnyzyDxMRQ6 Wink
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June 18, 2011, 04:51:06 PM
 #170

haha knightmb,

you were very lucky and still are. know what? i would be very happy about 10k btc.
and because you really are not happier with 371k then with 361k (you know it!), you should really send 10k btc to me at 1AWqSp8zh1BPYaN96UE8KxLzKg7Kd9SoTn Smiley

Your asking for Sixteen Thousand Dollars. And your putting it in such a way asif it's nothing to him.
Ask a multimillionare why they dont go around down giving the homeless money, And see what they say.
It's probly gonna something amung the lines of "a penny saved is a penny earned, Do it 100times, And you got yourself a dollar"

160THOUSAND dollars is still ONE HUNDRED SIXTY THOUSAND DOLLARS, It Doesnt matter how much you have, If people just passed out cash like your asking then he wouldnt have money

It's undeniable that anyone would ask for some money from a multimillionare if they themselves werent doing so well.

Your asking for 160k, and saying "oh you wont notice a difference, this is meager to you, Make me happy"

http://bitcoin-otc.com/viewratingdetail.php?nick=DingoRabiit&sign=ANY&type=RECV <-My Ratings
https://bitcointalk.org/index.php?topic=857670.0 GAWminers and associated things are not to be trusted, Especially the "mineral" exchange
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June 18, 2011, 04:52:06 PM
 #171

I think it was mostly a joke...

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June 18, 2011, 05:27:01 PM
 #172

Damn, you are set for life Tongue

I barely have one bitcoin Sad

You're standing on a flagstone running with blood, alone and so very lonely because you can't choose but you had to

I take tips to: 14sF7NNGJzXvoBcfbLR6N4Exy8umCAqdBd
Desu
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June 18, 2011, 05:29:50 PM
 #173

Damn, you are set for life Tongue

I barely have one bitcoin Sad
me too :[[

Tip me?
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June 21, 2011, 07:41:01 AM
 #174

Sure hope he didnt have it all sitting on MTgox!  lol
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June 21, 2011, 09:21:55 AM
 #175

damn

you are one lucky and smart bastard





i would not come back to respond knowing my ip would be tracked
i would hire some security experts and get the fuck out of America

1GkUEBUp2Hy3CVhnUDG9qBvqqCEpLoKGUY
or the shorthand
payb.tc/firefox
allinvain
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June 21, 2011, 09:23:28 AM
 #176

No, last time I read the guy had it offline and backed up in multiple locations...

Still though if the value of btc crashes to 0 he's still screwed...


molecular
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June 23, 2011, 05:24:21 PM
 #177

No, last time I read the guy had it offline and backed up in multiple locations...

Still though if the value of btc crashes to 0 he's still screwed...


Not more screwed than the rest of us, though.

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allinvain
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June 24, 2011, 12:12:59 AM
 #178

No, last time I read the guy had it offline and backed up in multiple locations...

Still though if the value of btc crashes to 0 he's still screwed...


Not more screwed than the rest of us, though.

Yep..I'm willing to bet some BTC that he already cashed out a decent chunk of that. Tis all wild speculation, but I salute him for managing to carry the torch till the end.

molecular
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June 25, 2011, 06:39:18 PM
 #179

No, last time I read the guy had it offline and backed up in multiple locations...

Still though if the value of btc crashes to 0 he's still screwed...


Not more screwed than the rest of us, though.

Yep..I'm willing to bet some BTC that he already cashed out a decent chunk of that. Tis all wild speculation, but I salute him for managing to carry the torch till the end.

What end?

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allinvain
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June 25, 2011, 09:40:36 PM
 #180

No, last time I read the guy had it offline and backed up in multiple locations...

Still though if the value of btc crashes to 0 he's still screwed...


Not more screwed than the rest of us, though.

Yep..I'm willing to bet some BTC that he already cashed out a decent chunk of that. Tis all wild speculation, but I salute him for managing to carry the torch till the end.

What end?

The end of bitcoin (assuming such an eventuality)....

You think he can cash out that gigantic stash in case of a panick!? He's going down with the ship and there isn't one damn thing he can do about it. The big holders know that at least for now they're sort of stuck. They have to be long term bitcoin bulls. They can't sell out any time soon that is for sure.

But let's not think such negative thoughts.

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