Not as rich as you think…
People assume that the people who worked on Bitcoin in the early years are fabulously wealthy.
That’s a bad assumption, for lots of reasons:
It was easy to lose coins. They weren’t worth much, so people didn’t bother to take the time to keep them secure and back them up.
Many of the early developers didn’t have extra money to buy coins; they were still in school, or were pouring all of their money into a startup. Venture capitalists were NOT throwing money at Bitcoin startups back in 2010 and 2011.
“HODL” wasn’t a thing– instead, bootstrapping the community by purchasing things (like 50BTC alpaca socks or 10,000BTC pizzas) or giving away Bitcoin was encouraged.
Even if an early developer had the free cash and foresight to purchase a bunch of coins, they might be level-headed and follow tried and true investment advice to:
1) Make a long-term plan and stick to it, ignoring...
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