A letter about bitcoin from the future – an advertising move?

Five years ago, user Luca 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 received publicity in 2017 when the cryptocurrency exchange rate described by Luke was pretty 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.

The prophecies of Luke Magnet do not come true

We will not retell the entire text, dwelling only on controversial points. The post was published on August 31, 2013. We highlight the main discrepancies with reality:

  • The prediction very accurately describes the BTC rate, including 2013. Since 2015, inaccuracies have gone: this year, Bitcoin did not even come close to $ 1000, reaching a maximum mark of $ 463. In 2017, the course hit $ 19,000, while the letter indicated the figure 10,000. If the author is really from the future, then why couldn’t he provide the exact numbers?
  • Manyatta claimed that most governments ceased to exist because tax collection was not possible. Now the opposite trend is observed – laws are being created that will force traders and miners to pay taxes. More and more international economic summits affect the consideration of cryptocurrency regulation measures.
  • According to the traveler’s description, the first bitcoin billionaires Winklevoss brothers were among the first to be killed. The logic of the letter says that this would happen after the mark of $ 1000, but for more than 1.5 years after overcoming this course, the brothers are alive and well.
  • The fate of altcoins is not mentioned.
  • There is no exact date in the letter, which would be easy to provide to the time traveler. It is also unclear why he returned in 2013 if he could do it in 2008 and personally warn Satoshi Nakamoto.
  • Luke writes that at a rate of $ 1000, various services for protecting cryptocurrency millionaires, including hired guards, safes and even isolated “citadel cities”, have spread.

One such stronghold is the territory of ASICminer ASIC company, but for some reason, its location is not indicated.

Enough inaccuracies to cast doubt on Luke’s time travel. Then why write an appeal if you put aside entertainment or insanity? Let us turn to other facts that were mentioned in the post. One of them is the name of the company ASICminer.

What is known about the Chinese company

It is known that this is a real company that trades Asics with an incredibly high hash rate on SHA-256. ASIKminer began its activities in 2012, becoming one of the three pioneering companies of specialized mining devices along with Avalon and BFL. The legal address is registered in Hong Kong, and the main office is located in Shenzhen. Pandaway YouTube channel employees visited there and found out that the company exists on paper – the office is really rented, but there are no employees at the workplace. You can order Asics only on the site. The Russian representative, who is no longer cooperating with the company, told the following interesting facts about her and advised against contacting ASICminer for obvious reasons:

  • There is no evidence of the availability of goods (various videos on YouTube may be throws, as the crypto world has repeatedly encountered).
  • There is no evidence of ASIC performance.
  • The founders are not Chinese, but immigrants from the CIS countries.
  • Company policy is detachment from the audience.

In 2013, the company really released USB Block Erupter and Cube miners, which at first were popular, but very soon lost a 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 its activities in 2013, but already in 2014, it stopped updating. Together 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 2018 and it is not truly known who currently owns the asicminer.co website. The Whois service indicates the organization ASICminer Company.

A chain leads to a fried cat

In the prediction about bitcoin from the future, it is definitely about this corporation, since Luca Magnotta wrote that the company, which in 2013 was called ASICminer, in 2025 became a stronghold managed by a certain Mr. Friedman. The coincidence “Mr. Friedman – FriedCat. ” It is not strange, the symbol of the company is a representative of the cat family.

Luca Magnotta and Bitcoin – a marketing move

The Chinese corporation sold its asics in 2013 – then a prediction about bitcoin appeared. It can be assumed that the letter from the future 2025 was only part of an advertising company, which turned out to be successful at the time, and then acquired a new life in 2017 – people began to believe that ASICminer really possesses super-powerful equipment. The detachment and secrecy of the company only support the legend of the citadels.

In 2013, the founders of the company realized that the competition in the mining equipment market was very fierce and came up with an unusual marketing move. 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 the courses turned out to be just an accident, which can now be used for their own purposes until 2019, and if you are lucky and the BTC rate grows to $ 100,000, the post can be exploited further. It is no coincidence that the site earned a couple of months after the December Bitcoin hype.

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