A Redditor Predicted Bitcoin’s Growth 4 Years Ago With Scary Predictions for the Future

Meet Bitcoin Gold: The Latest Fork of the Bitcoin Blockchain

The meteoric rise of Bitcoin has introduced forth plenty of tales and anecdotal tales about individuals who might have been millionaires if they might solely foresee the rise of the world’s favourite cryptocurrency. From the man who paid 10,000 Bitcoins for 2 pizzas as a joke again in Could 2010, to the person who threw away his laborious drive crammed with hundreds of thousands of {dollars} value of the cryptocurrency, the web is replete with tales of so close to but to this point. That’s as a result of most individuals who have been mining Bitcoins in its early days have been doing it for enjoyable reasonably than ever contemplating it as a severe funding. One particular person, nevertheless, can declare that he knew concerning the rise and rise of Bitcoin.

The Prophecy

It was again in August 2013 {that a} Redditor who goes by the username Luka_Magnotta, made a collection of very particular predictions concerning the value of Bitcoin together with the assertion that it’ll hit the $10,000 mark in 2017. In reality, he tipped Bitcoin to go even larger within the coming years, hitting $100,000 in 2019 and $1,000,000 in 2021. Whereas it stays to be seen if the latter a part of his prophecy will even come true, wait until you hear his elaborate reasoning for his wild claims. In line with him,

On common, yearly to this point, the worth of Bitcoin has elevated by a couple of issue ten. From 0.1 greenback in 2010, to 1 greenback in 2011, to 10 greenback in 2012, to 100 greenback in 2013. Any longer, there’s a slight slowdown, as the worth elevated by an element ten each two years, to 1,000 greenback in 2015, to 10,000 in 2017, 100,000 in 2019, and 1,000,000 in 2021.

So how did Luke_Mendonka, or no matter his actual title is, know precisely how and when Bitcoin will scale these peaks? Is he a Twenty first-century Nostradamus or only a fortunate punter? Can he see the longer term or is he only one extra Bitcoin speculator who obtained fortunate together with his random prediction? Not one of the above, in the event you ask him. That’s as a result of he claims to be – anticipate this – a time traveler from 2025 who got here again to 2013 to warn folks concerning the future that lay in retailer for them.

A Time Traveler? Pray Inform Me Extra

Mendonka additionally made some very darkish doomsday predictions a couple of time when the world might be divided between individuals who personal Bitcoins and people who don’t. In line with him, although, he wasn’t a lot making a prediction as informing the blissfully-unaware residents of 2013 concerning the ‘actuality’ of a dystopian future when the wealthy lived in “remoted gated cities known as Citadels (that) are born out of the fortification used to guard locations the place Bitcoin mining machines are situated”.

He additionally claimed {that a} small-time cryptocurrency mining firm known as ASICminer had became a self-contained metropolis dominated by ‘king’ who he known as “Mr. Friedman” in an obvious reference to Noble Prize profitable economist, Milton Friedman, who had initially predicted the phenomenon of cryptocurrencies means again in 1999. He goes on to color the picture of a post-apocalyptic world the place despots, terrorists and corrupt plutocrats are ruling the roost with stacks filled with Bitcoins at their disposal, whereas atypical of us are struggling to eke out an existence.

In line with Luka, with a worldwide inhabitants of over 7 billion and simply over 19 million Bitcoins in circulation, every particular person on the planet is value just below 0.003 bitcoin on a median, though, “because of the unequal distribution of wealth in my world, the imply particular person owns simply 0.001 bitcoin”. He goes on to explain in graphic element conditions that may be straight out of the following installment of Starvation Video games, and ends his put up with a plea to “destroy this godforsaken venture in its infancy” as a result of as an alternative of eliminating the “central banking cartel” that controls international economies, the rise of digital currencies apparently wrecked the very basis of human civilization that we all know at the moment.

A Troll With a Artistic Thoughts and a Darkish Sense of Humor

Eloquent and entertaining as Mendonka’s put up is, most of us will recognize that virtually all of it’s the results of a really fertile creativeness greater than the rest. Whereas the jury remains to be out on whether or not Bitcoin will ever scale the heights predicted by him, I feel it’s honest to say that he’s neither a fortune-teller with extra-human premonition nor a time-traveler from the longer term attempting to warn us a couple of dystopian world that lies in our future. A troll with a really energetic creativeness and a knack for story-telling, he’s simply the type of man you’ll need round campfires on chilly, darkish nights, however don’t inform me that I didn’t warn you about his darkish humorousness.