fp.

Does anyone from the neovim project know about this? Seems like a pretty significant amount of funding to have sitting there. Hope it can come to good use as I use neovim daily.

https://www.blockchain.com/explorer/addresses/btc/1Evu6wPrzjsjrNPdCYbHy3HT6ry2EzXFyQ

Comments

JimBlackwood•1h ago

I imagine they might wait, to make it’s legally obtained Bitcoin.

a3w•46m ago

In which country would waiting help?

cyberpunk•41m ago

In Germany at least if you've held the coin(s) for 7 years before selling you don't need to pay tax on the profit.

Not sure how this applies to donations though, and of course this will almost certainly be changed in the future, .nl is leading the way in taxing _unrealised_ gains; we are sure to follow!

T0Bi•35m ago

It's one year, unless something changed recently.

la_fayette•26m ago

1 year

ksk23•19m ago

One year yes, and politics wants to change it..

yieldcrv•25m ago

Something that takes 5 seconds with bitcoin, faster than any other property type, is something you rationalize as taking 7 years

Why does HN collectively tolerate this level of understanding when it comes to crypto

pluc•1h ago

hodl

esskay•1h ago

I know you're joking but keeping bitcoin now really does feel like a poor investment given it's showing no signs of ever being revived.

accountrequired•58m ago

Bitcoin died *again*? hehe :P

esskay•50m ago

oh i dont think its 'dead' in the way people often describe. More...done. Like, the period of obscene growth is over and its now seemingly settled into a fairly dull investment with mediocre returns.

sph•35m ago

Well, that’s what people have said all the way to $70k+ price.

ForHackernews•19m ago

It's underperformed the S&P500 over the last 5 years, but you know what they say about past performance not predicting future returns. Maybe AI will unlock an untapped reservoir of ever-greater fools.

singiamtel•21m ago

seymon•1h ago

I hope they still have the private key.

jakemanger•52m ago

Really hope so too. Would be devastating

osigurdson•7m ago

It is an interesting fact about Bitcoin in general. There are 21M tokens in total AND some percentage are lost every year. Run this simulation long enough and there will be very few active Bitcoins remaining.

wyclif•1h ago

The project no longer uses that Bitcoin wallet for bounties.

ricardobeat•1h ago

What does that mean for that donation, and why is the wallet still listed on the website?

ramijames•31m ago

I think that a large part of the priced in "value" of Bitcoin is just lots and lots of Bitcoin that nobody can access anymore.

abirch•23m ago

Bitcoin's supposed to be "liquid" but I'm wondering what happens when there's a forced liquidity event.

altmanaltman•6m ago

I mean, it's the opposite of that; it's forced illiquidity when people lose access to their keys. There is no way to gain access to those coins and you cannot "force" liquidity on the bitcoin protocol.

colesantiago•1h ago

Bitcoin really isn't money.

They should send it to a dead wallet instead.

AIiscoming•1h ago

True and its also not compareable to gold.

But as long as others giving you real money for this garbage, it would be better to use it for a project like neovim :)

deniska•56m ago

To never have experienced a usefulness of cryptocurrency is a privileged position to be in.

colesantiago•50m ago

A dead wallet has better use for Bitcoin though.

We don't know where the Bitcoin has come from, so it needs to go extensive through anti money laundering checks.

Save the hassle of all of that taxes, accountancy and just send everything to a dead wallet.

done_lurking•28m ago

In what country does a bitcoin donation need to go through an "anti money laundering check"? Also, you could pay a lawyer 100k to handle the taxes and accounting and you would still have 700k left over.

gitowiec•59m ago

Exactly this! It was rendered money by some minds.

loopydosuette•57m ago

is this (w)hole lie still hodling up? crazy! is my botnet still not out of puberty?

Razengan•34m ago

This could become the premise of a near-cyberpunk heist movie..

zicohacks•30m ago

I checked their official donation channel is OpenCollective. I think the Bitcoin address is no longer being used and they just forgot to update the footer

matesz•6m ago

I’ve read so many news stories of people gone missing who had been know to have sole access to bitcoin wallets with large amount of bitcoins in them.

I wonder how people at large crypto exchanges handle that. Perhaps shamir share the access to the pkey password and store parts at secure places like a bank? And make official access protocol akin to dnssec, but simplified?