Five years ago, user Luka Magnotta left a post on Reddit in which he claimed to be a time traveler in order to prevent the cryptocurrency apocalypse. A letter from the future about Bitcoin became public in 2020, when the cryptocurrency rate described by Luke was quite close to reality. In this material, we will try to find out the real intentions of the person who wrote the most famous prediction about Bitcoin.
Luka Magnotta's prophecies don't come true
We will not retell the entire text, dwelling only on controversial points. The post was published on August 31, 2013. Let us highlight the main discrepancies with reality:
- The prediction very accurately describes the BTC rate, including 2013. Since 2015, there have been inaccuracies: this year Bitcoin did not even come close to $1000, reaching a maximum of $463. In 2017, the exchange rate hit $19,000, while the letter indicated the figure was 10,000. If the author is really from the future, then why couldn’t he provide exact numbers?
- Magnotta argued that most governments ceased to exist because taxes could not be collected. Now there is a reverse trend - laws are being created that will force traders and miners to pay taxes. More and more international economic summits are addressing the consideration of measures to regulate cryptocurrencies.
- According to the traveler's description, the first Bitcoin billionaires, the Winklevoss brothers, were among the first to be killed. The logic of the letter states that this should have happened after the $1000 mark, but more than 1.5 years after overcoming this course, the brothers are alive and well.
- The fate of altcoins is not mentioned.
- There is not a single exact date in the letter, which would be easy to provide to a time traveler. It is also unclear why he returned specifically to 2013, if he could have done it in 2008 and personally warned Satoshi Nakamoto.
- Luke writes that at a rate of $1,000, various services to protect cryptocurrency millionaires have become widespread, including hired security guards, safes, and even isolated “citadel cities.”
One of these strongholds is the territory of the ASICminer production company, but for some reason its location is not indicated. There are enough inaccuracies to cast doubt on Luke's time travel. Then why write an appeal, entertainment or madness aside? Let's look at other facts that were mentioned in the post. One of them is the company name ASICminer.
What is known about the Chinese company
What is known is that this is a real company that sells ASICs with incredibly high hashrate on SHA-256. ASICminer began its activities back in 2012, becoming one of the three pioneer companies of specialized devices for mining, along with Avalon and BFL. The legal address is registered in Hong Kong, and the main office is in Shenzhen. Employees of the Pandaway YouTube channel visited there and found out that the company exists on paper - the office is actually rented, but the employees are not at work. You can order ASICs only on the website. A Russian representative, who no longer cooperates with the company, told the following interesting facts about it and advised not to contact ASICminer for obvious reasons:
- There is no confirmation of the availability of the goods (various videos on YouTube can be fake, which the crypto world has faced more than once).
- There is no evidence of ASIC performance.
- The founders are not Chinese, but immigrants from the CIS countries.
- The company's policy is detachment from the audience.
In 2013, the company actually released USB Block Erupter and Cube miners, which were popular at first, but very soon lost competition in the market. To dig deeper, I had to use the WayBackMachine service, which shows the state of sites in different years. The site began operating in 2013, but stopped updating in 2014. Along with the site, the main ideologist of the company, a man nicknamed FriedCat, disappeared from the network. The last change in the domain name was made in February 2020 and it is truly unknown who currently owns the site asicminer.co. The Whois service indicates the ASICminer Company organization.
Luka Magnotta and Bitcoin – a marketing ploy
The Chinese corporation sold its ASICs in 2013 - that’s when the prediction about Bitcoin appeared. It can be assumed that the letter from the future 2025 was just part of an advertising campaign that was successful at one time, and then acquired new life in 2020 - people began to believe that ASICminer really has super-powerful equipment. The aloofness and secrecy of the company only supports the legend of the citadels.
In 2013, the founders of the company realized that competition in the mining equipment market was very fierce and came up with an unusual marketing ploy. As a result of reading a letter from the future, Bitcoin miners subconsciously held the idea that ASICminer is a reliable company that has stood the test of competition, time and anarchy, which means their equipment can be purchased for the future. The coincidence of rates turned out to be just an accident, which can now be used for your own purposes until 2020, and if you are lucky and the BTC rate grows to $100,000, the post can be used further. It is no coincidence that the site went live a couple of months after the December Bitcoin hype.
It is quite possible that all of the above is just a series of unrelated coincidences. We'll find out in 2020.
Bitcoin. Letter from the future.
(letter from the future, sorry for the machine translation)
I have been sending this message since 2025. Things are looking grim here, and some of you will have blood on your hands.
If you don't believe me, please continue as I cannot prove to you that I really am who I claim to be.
I don't want to waste time for a while, so I'll just explain what happened.
On average, every year so far the value of Bitcoin has increased approximately tenfold. From 0.1 dollar in 2010 to 1 dollar in 2011 to 10 dollars in 2012 to 100 dollars in 2013. There has been a slight slowdown since then, as the value has increased tenfold every two years to $1,000 in 2015, 10,000 in 2020, 100,000 in 2020, and 1,000,000 in 2021. From this point on, there is no good way to express its value in dollars, since the dollar is no longer used, nor is any central bank issued currency for that matter. There are two main forms of wealth in the modern world. Earth and cryptocurrency.
It is known that there are over 19 million Bitcoins in use in the world today, as well as several hundred thousand that have been lost forever, and today we are still dealing with a population of just over 7 billion people. On average, this means that the average person owns just under 0.003 Bitcoin. However, due to the unequal distribution of wealth in my world, the average person only owns 0.001 Bitcoin. That's right, most of us reading this today are rich. I personally live next to an annoying young man who logged into his old Reddit account two years ago and discovered that in 2013 he got tipped with 0.01 Bitcoin by calling someone a "faggot" when he was a 16 year old boy . Having made this discovery, he bought a plane ticket, left his home without telling anyone and went to the Citadel.
"What is the Citadel?" you might be surprised. Well, by the time Bitcoin became worth $1,000, people started popping up to protect themselves as well as their wealth. It started with expensive safes and then expanded to include bodyguards, and today the "earlies" (our term for early adopters) and those rich whose wealth survived the "transition" live in isolated gated cities called "Citadels" where a large Some of the work is automated. Most of these Citadels are born from fortifications used to protect the places where Bitcoin mining machines are located. The company known as ASICminer to you is known to me as the city where Mr. Friedman ruled like a king.
In my world, which will soon become your world, most governments no longer exist as Bitcoin transactions are done anonymously and therefore most governments cannot enforce taxation on their citizens. Much of Bitcoin's success is due to the fact that Bitcoin has proven to be an effective method for hiding your wealth from the government. While people in "rogue states" such as Luxemberg, Monaco and Liechtenstein were followed by unmanned drones to ensure governments knew who was hiding wealth, there was no such option for people not hiding their money in Bitcoin.
Governments tried to stay relevant in my society by buying Bitcoin, which only made the problem worse by increasing the value of Bitcoin. Governments did this in secret, of course, but the Snowies of my generation were essentially greedy government employees who transferred Bitcoin into their own account and fled to anarchic places where no questions were asked as long as you could cough up some money.
The four institutions with the largest Bitcoin balances still available are believed to be:
-ASICminer - 50,000 bitcoins
"IMF Currency Stabilization Fund" - 70,000 bitcoins
– Government of Saudi Arabia – 110,000 Bitcoins
– North Korean government – 180,000 bitcoins
Economic growth today is about -2% per year. Why is this? If you have more than 0.01 Bitcoin, chances are you are not doing anything with your money. There is no inflation and therefore no incentive to invest your money. Just as the medieval ages did not have significant economic growth because wealth was measured in gold, our society also does not have economic growth because people know that their 0.01 Bitcoin will be enough to last them a lifetime. The fact that another Bitcoin has been issued is what has kept our world from collapsing so far, but people fear that the halving of inflation that will occur over the next quarter could further destroy our economy.
What happened to the Winklevs twins? The Winklevs twins were among the first to die. Seeing the massive damage done to society, terrorist movements emerged that sought to hunt down and kill anyone known to have a large Bitcoin balance, or believed to have any responsibility for the development of the cryptocurrency. Ironically, these terrorist movements use Bitcoin to anonymously finance their operations.
Most people who own a significant amount of Bitcoin no longer speak to their families or lose friends because they needed to change their identity. There were also several suicides by people who couldn't cope with the guilt of seeing what happened to the bagholders, the type of skeptical people who continued to believe that it would eventually collapse even after hearing rumors of governments buying Bitcoin. Many people have been taken hostage and hence it is suspected that the 25% percent of the "bitcoin rich" have actually physically tortured someone to force them to spill their password.
Why didn't we abandon Bitcoin and move to another system? Well, we tried, of course. We tried to move to inflationary cryptocurrency, but no one with an IQ over 70 wanted to upgrade their skills first, rather than volunteer. After all, why would you voluntarily invest a lot of your money in a currency where you know your wealth will continually decline? What made Bitcoin so dangerous to society was also what made it so successful. Bitcoin allows us to indulge our greed.
In Africa, surveys show that an estimated 70% of people believe that Bitcoin was invented by the devil himself. There's a reason for this. This is a very sensitive issue, which today is usually called a "tragedy". The African Union had ambitious plans to help its citizens be ready to migrate to Bitcoin. Governments provided their own cell phones to citizens for free, linked to their government ID, and thus the government sought to integrate Bitcoin into its economy. Everything was going well until the “tragedy”. A criminal organization believed to be based in Russia has exploited hardware glitches in government-issued cell phones. It is believed that the entire continent of Africa lost about 60% of its wealth within 48 hours. What followed was a period of chaos and civil war until the governments of Saudi Arabia and North Korea, two of the world's largest superpowers due to the unique ability of their authoritarian political system to adapt to " bitcoin challenge" divided most of the African lands among themselves and were praised as heroes for the local population of Africa.
You may be wondering, what is our plan now? It is clear that the current situation cannot be sustainable without stopping the nuclear holocaust. I am part of an underground network that seeks to launch a coordinated attack on the very infrastructure of the Internet itself. We have about 20 nuclear submarines, which we will use to shorten all submarine cables between different continents. Once this has been successfully achieved, we will launch a simultaneous nuclear pulse attack on every densely populated area of the world. We believe that the resulting chaos will allow the world's population to rise in rebellion and destroy as many computers as possible until we reach a point where Bitcoin becomes irrelevant.
Of course, this outcome will likely lead to billions of deaths. This is the price we are forced to pay to avoid the eternal enslavement of humanity by a tiny elite.
This is also the reason why we contacted you.
It doesn't have to be like this. You don't have to share our fate. I don't know how, but you must find a way to destroy this damn project in its infancy. I know this is difficult to ask you. You believe you are helping the world by eliminating the central banking cartel that regulates your economies.
However, I saw where it ended.
