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1 million bitcoins could have been lost with the death of Mircea Popescu

The businessman Mircea Popescu drowned last Wednesday, June 23, while swimming in Playa Hermosa, Costa Rica. According to versions, this individual, called by some “the father of toxicity in Bitcoin” had accumulated 1 million BTC.

The death of the maximalist of Romanian origin was confirmed by the authorities , according to the local media report. They detail that the Costa Rican Red Cross carried out resuscitation maneuvers, but these were not successful.

With the death of Popescu, part of the bitcoiner community wonders about the destination of the BTC that he kept in hodl . As has been said in this text, although there is no accurate data, and it is not known what his Bitcoin address was, for several years the rumor has circulated that the Romanian would have had 1 million BTC in his possession.

At the time of writing this article, the figure is equivalent to more than USD 36 billion , as can be seen in the CriptoNoticias price calculator .

It is not something impossible to believe, considering that already in 2011, Popescu had understood the importance of Bitcoin . On his Trilema website, he had written at the time: “Bitcoin is the most important project of the human species right now.” In 2011 the price of the cryptoactive, according to reports, could be between USD 1 and USD 32.

«If Mircea Popescu really had 1 million bitcoins, will they now hit the market causing additional volatility? Or are they lost forever, reducing the final supply by approximately 5%? “Asked the user who identifies himself as @DudeJLebowski on Twitter.

Bitcoin Magazine assumes that Popescu himself claimed to have 1 million BTC , although he adds that “more conservative estimates put his holdings in the tens of thousands.” The truth is that in the absence of data and without certainty about the destination of their coins, one can only speculate knowing that, probably, the question will never be answered.

«Yes he wanted to lock his coins forever, I’m sure he did. If you wanted to spend your coins I’m sure he did, ”wrote the Twitter user identified as @ BitcoinX11.

Daniel Alós, a member of the Argentine bitcoiner community, agrees that it will never be known if those coins were lost forever or not . “If he had an inheritance plan in place, whoever receives the BTC is not going to make it public,” he adds.

The fact that 5% of the total bitcoin supply may have been lost forever, it is not a minor fact. One of the characteristics that make Satoshi Nakamoto’s cryptocurrency valuable is its scarcity. No more than 21 million BTC will ever be issued. The lost coins contribute to making the cryptoasset scarcer and therefore more valuable.

Popescu: an aggressive brand of Bitcoin evangelism

In the aforementioned article by Bitcoin Magazine describes Popescu as “a Aggressive brand of unapologetic and uncompromising Bitcoin evangelism. He adds that these characteristics are what made “his influence last despite his documented cases of sexism and intolerance.”

There are several actors in the bitcoin community that coincide in highlighting controversial features of the recently deceased maximalist . For example, Ricardo “Fluffypony” Spagni, who served as the main maintainer of Monero (XMR), describes him as “a completely disgusting person”, although he acknowledges that it taught him a lot about Bitcoin.

“His criticism was often unnecessarily laced with cruelty, even when he was completely wrong. He rarely backtracked, even when he was proven wrong, ”Spagni details. “And he was so misogynistic, to the point that he was unbearably predictable,” he adds.

Also the Argentine Franco Amati, co-founder of the NGO Bitcoin Argentina, describes him as “a dangerous pedant, but with lucidity to have intelligent glances. ”

Indeed, Popescu’s sayings, even when they could contain truths, were not sweetened or nuanced in search of not hurting sensitivities :

«Bitcoin is not here for your opinion. Bitcoin is here to change your life profoundly and often painfully. Whether you agree or not, whether you give permission or not, whether you consider it acceptable, or required, or whatever. Nobody asked you ».

Mircea Popescu, bitcoiner maximalist .

«Goodbye, sweet teacher»

Who does not have a bad memory of Mircea, is Hannah Wiggins, one of his life companions. In a blog post The Weth , entitled “Farewell, sweet teacher,” wrote heartfelt posthumous words towards who he describes as “the greatest man who ever lived.”

“Mircea Popescu did what he loved and did what he knew to be right; these things were, almost without exception, the same. Without hesitation, he gave himself completely to whatever work he had in hand, whether it was comfortable or not, whether it came naturally or not, whether he knew it could be done or not, ”Wiggins wrote.

”). .

The greatest man who ever lived died this morning doing one of the things he loved the most: playing in the ocean. It was the Pacific, that endless expanse that taught him to love the sea, where he jumped the waves with his newest slave and retired to epicurean picnics. A trio of pelicans gliding over the breaking waves in that place where they defiantly breathed for the last time, skimming the water in one last winged salute.

Hannah Wiggins, blog author The Whet .

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Sandra Loyd
Sandra is the Reporter working for World Weekly News. She loves to learn about the latest news from all around the world and share it with our readers.

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