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by arcticbull
2023 days ago
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My bad, I was wrong about the peak price (this was just from memory, and that was almost 4 years ago -- however no excuse for not looking it up). I was, however, right about everything else. Lee sold all his coins, made a giant pile of money, the value of the coin collapsed to literally fractions -- and has yet to come anywhere close to a recovery. If Elon sold 100% of his Tesla shares and "stayed a visible and active advocate for electric cars" I'm not sure you'd be as bullish. |
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No, he didn't run away (he's still very active in the community: https://twitter.com/SatoshiLite) and the foundation wasn't on the brink of bankruptcy.
About the only thing you were right about is that he sold his coins. (According to him the reason was so he could be financially secure and able to focus on the project instead of feeling incentivized to pump the price)