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Someone lied to me about how much Bitcoin they have, and that’s great.

I know someone who owns about 189 BTC.
He bought them back when they were about $250 a piece.

I’ve had two different people who I know well (who also know him well) that have confirmed he has this much. Thing is, he doesn’t know me well. We’re just acquaintances but I see him from time to time.

Knowing he was into Bitcoin, I decided to strike up a conversation by saying **”So I hear you’re a fan of Bitcoin. It’s been doing well lately hasn’t it?.”**

He says **”Well, I suppose I follow it a little bit, I don’t have much, like a few hundredth of a Bitcoin“**. I knew he was lying, but I thought “Good on you man, you don’t know me that well so you’re not revealing how much you have. Smart move.”

I continued with the pleasantries and followed suit with him by saying **”Yeah, I don’t have much either, but it sure is an interesting technology and I’m excited to see where it leads”**.

He showed great OPSEC in that situation, however, he made the mistake of telling multiple people in the past how much Bitcoin he has and people talk. Even if you trust the person you tell to never rob you, all it takes is for them tell to tell the wrong person or for that news to travel to the wrong people.

I recently watched a youtube video about [the case of Michael Carruth](https://www.youtube.com/watch?v=rSEtfm9cEUg). He was a bail bondsman who recruited criminals to help him with his plans. You see, folks around town were talking about people they knew who might have money and Michael Carruth was listening. He and his criminal recruits robbed and murdered two different families because of the cash that was rumored they had on hand.

In one case, they forced a man to surrender the cash he had hidden in his closet (around $40,000) and then they took him & his 12-year-old son out to the woods, slit his throat, fired 3 rounds into the head of his 12-year-old son, threw them into the same grave and proceeded to bury them both. Luckily, the Dad survived, he dug his way out of the grave and was able to find help, survive, and get the killers convicted.

That crime was over $40,000. Might as well have been $10,000 or $20,000. Bitcoin will probably hit $20,000 again someday and more. Even if you only own a fraction of a Bitcoin, don’t tell anyone how much you have, and be very selective about who you discuss it with.



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8 Comments

  1. > Knowing he was into Bitcoin, I decided to strike up a conversation by saying “So I hear you’re a fan of Bitcoin. It’s been doing well lately hasn’t it?.”
    >
    > He says “Well, I suppose I follow it a little bit, I don’t have much, like a few hundredth of a Bitcoin”. I knew he was lying, but I thought “Good on you man, you don’t know me that well so you’re not revealing how much you have. Smart move.”

    If you really wanted to test his opsec, you should have mentioned something like “bitcoin is nice but what really matters is the technology behind it, the blockchain” ūüėÄ

    But in all seriousness, good advice in OP.

  2. *Known Physical Bitcoin Attacks*

    https://github.com/jlopp/physical-bitcoin-attacks/blob/master/README.md

    And for those who trade in-person, some tips:

    *Tips for local transactions*

    https://bitcointalk.org/index.php?topic=137272
    http://www.safetradestations.com
    https://www.binance.com/en/support/faq/0bec3bb9292241e99c20136a4d3dbfe6 <– Tips applicable to in-person cash trading with any P2P platform

  3. The correct answer: “I heard about that, but it doesn’t really interest me.”

    A.) For opsec

    B.) To avoid hearing some idiot with a handful of satoshis ramble on about how he’s going to retire which is almost worse.

  4. Even at $250 he bought almost $50k worth? He was already well off, I’m sure people in his neighborhood know the guy has money… besides you even mentioned you don’t know him well but you know the exact amount he has

  5. Nobody cares, because its easier to rob a person with 40,000 cash than 40,000 bitcoin cause its liquidable And there is more cash than bitcoin out there.

    I have a 1,000,000 dollar condo, 60k car and 20k worth of technological hardware in my home office. My coworkwrs, family ans friends know this. Am I afraid someone knows I have 1 btc worth 15k. Lol no.

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